Fragasso Financial Advisors Inc Sells 119 Shares of Global Payments Inc. (NYSE:GPN)

Fragasso Financial Advisors Inc lowered its stake in shares of Global Payments Inc. (NYSE:GPN) by 3.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,948 shares of the business services provider’s stock after selling 119 shares during the period. Fragasso Financial Advisors Inc’s holdings in Global Payments were worth $330,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Tidal Investments LLC raised its position in Global Payments by 0.3% during the third quarter. Tidal Investments LLC now owns 26,946 shares of the business services provider’s stock worth $2,760,000 after acquiring an additional 86 shares in the last quarter. Sage Capital Advisors llc raised its holdings in shares of Global Payments by 0.3% in the 4th quarter. Sage Capital Advisors llc now owns 28,232 shares of the business services provider’s stock valued at $3,164,000 after purchasing an additional 96 shares during the period. SYM FINANCIAL Corp lifted its stake in Global Payments by 4.1% in the 3rd quarter. SYM FINANCIAL Corp now owns 2,440 shares of the business services provider’s stock valued at $250,000 after purchasing an additional 97 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC grew its holdings in Global Payments by 1.2% during the third quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 8,210 shares of the business services provider’s stock worth $841,000 after purchasing an additional 98 shares during the period. Finally, Deseret Mutual Benefit Administrators increased its position in Global Payments by 27.2% during the third quarter. Deseret Mutual Benefit Administrators now owns 543 shares of the business services provider’s stock worth $56,000 after buying an additional 116 shares during the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GPN. TD Cowen reduced their target price on Global Payments from $125.00 to $122.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $122.00 price objective (down from $155.00) on shares of Global Payments in a research report on Thursday, January 9th. Barclays increased their price objective on shares of Global Payments from $120.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Susquehanna reaffirmed a “positive” rating and set a $147.00 target price on shares of Global Payments in a report on Tuesday, September 17th. Finally, Seaport Res Ptn cut shares of Global Payments from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $135.71.

Global Payments Trading Up 1.0 %

GPN opened at $106.75 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65. Global Payments Inc. has a twelve month low of $91.60 and a twelve month high of $141.77. The stock has a market capitalization of $27.17 billion, a price-to-earnings ratio of 20.10, a P/E/G ratio of 0.88 and a beta of 1.00. The company has a 50-day simple moving average of $114.22 and a 200 day simple moving average of $106.88.

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 paid a $0.25 dividend. 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 0.94%. Global Payments’s dividend payout ratio (DPR) is 18.83%.

Insider Buying and Selling at Global Payments

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

Global Payments Profile

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.