Nordea Investment Management AB Has $330.52 Million Stock Position in Global Payments Inc. (NYSE:GPN)

Nordea Investment Management AB boosted its holdings in shares of Global Payments Inc. (NYSE:GPNFree Report) by 13.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,949,458 shares of the business services provider’s stock after buying an additional 349,457 shares during the quarter. Nordea Investment Management AB’s holdings in Global Payments were worth $330,516,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Cromwell Holdings LLC acquired a new position in shares of Global Payments during the 3rd quarter worth approximately $25,000. Beaird Harris Wealth Management LLC acquired a new position in shares of Global Payments in the third quarter valued at $25,000. Capital Performance Advisors LLP bought a new position in shares of Global Payments in the third quarter valued at about $33,000. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Global Payments by 59.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 383 shares of the business services provider’s stock worth $39,000 after buying an additional 143 shares during the last quarter. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Global Payments during the 3rd quarter worth about $50,000. Institutional investors own 89.76% of the company’s stock.

Wall Street Analysts Forecast Growth

GPN has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price target on shares of Global Payments from $118.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, October 29th. TD Cowen lowered their target price on Global Payments from $125.00 to $122.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. The Goldman Sachs Group boosted their price target on Global Payments from $135.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Royal Bank of Canada lowered their price objective on Global Payments from $143.00 to $130.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Finally, Barclays lifted their target price on Global Payments from $120.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, Global Payments has an average rating of “Moderate Buy” and an average target price of $138.55.

Check Out Our Latest Report on Global Payments

Insiders Place Their Bets

In other Global Payments news, Director Robert H. B. Baldwin, Jr. purchased 5,800 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was purchased at an average cost of $116.00 per share, for a total transaction of $672,800.00. Following the transaction, the director now owns 42,738 shares in the company, valued at $4,957,608. The trade was a 15.70 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.98% of the company’s stock.

Global Payments Price Performance

Shares of NYSE:GPN opened at $112.58 on Monday. Global Payments Inc. has a one year low of $91.60 and a one year high of $141.77. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market cap of $28.65 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 0.88 and a beta of 1.00. The firm has a 50 day simple moving average of $113.35 and a 200 day simple moving average of $106.25.

Global Payments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.00 dividend on an annualized basis and a yield of 0.89%. Global Payments’s dividend payout ratio is currently 18.83%.

Global Payments Company Profile

(Free Report)

Global Payments Inc provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through two segments, Merchant Solutions and Issuer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services.

See Also

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Institutional Ownership by Quarter for Global Payments (NYSE:GPN)

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