Global Payments Inc. $GPN Shares Sold by Aurdan Capital Management LLC

Aurdan Capital Management LLC decreased its holdings in shares of Global Payments Inc. (NYSE:GPN) by 74.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,607 shares of the business services provider’s stock after selling 10,765 shares during the quarter. Aurdan Capital Management LLC’s holdings in Global Payments were worth $300,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of GPN. North Star Investment Management Corp. lifted its holdings in shares of Global Payments by 242.2% in the 3rd quarter. North Star Investment Management Corp. now owns 308 shares of the business services provider’s stock worth $26,000 after purchasing an additional 218 shares during the last quarter. Root Financial Partners LLC acquired a new stake in Global Payments in the third quarter worth $27,000. SouthState Bank Corp acquired a new stake in Global Payments in the third quarter worth $28,000. LRI Investments LLC boosted its holdings in shares of Global Payments by 53.4% during the second quarter. LRI Investments LLC now owns 382 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 133 shares during the period. Finally, Mather Group LLC. bought a new position in shares of Global Payments during the third quarter worth about $37,000. Institutional investors own 89.76% of the company’s stock.

Insider Buying and Selling at Global Payments

In other Global Payments news, Director Robert H. B. Baldwin, Jr. purchased 10,392 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were purchased at an average price of $81.42 per share, for a total transaction of $846,116.64. Following the completion of the transaction, the director owned 59,303 shares in the company, valued at $4,828,450.26. This represents a 21.25% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Connie D. Mcdaniel sold 4,464 shares of the stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $77.81, for a total value of $347,343.84. Following the sale, the director owned 30,014 shares of the company’s stock, valued at $2,335,389.34. This trade represents a 12.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 18,080 shares of company stock worth $1,439,350. 1.01% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on GPN shares. Stephens reduced their target price on shares of Global Payments from $95.00 to $90.00 and set an “equal weight” rating for the company in a research note on Friday, January 16th. Citigroup raised Global Payments to a “strong-buy” rating in a report on Thursday, October 23rd. Raymond James Financial reissued an “outperform” rating and issued a $105.00 price objective on shares of Global Payments in a report on Tuesday, November 4th. Rothschild & Co Redburn lifted their target price on Global Payments from $65.00 to $70.00 and gave the company a “sell” rating in a research note on Wednesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Global Payments in a research report on Wednesday, January 14th. They set a “hold” rating and a $80.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Global Payments presently has an average rating of “Hold” and a consensus target price of $97.82.

Global Payments Stock Performance

Shares of NYSE GPN opened at $71.29 on Friday. Global Payments Inc. has a 1 year low of $65.93 and a 1 year high of $112.50. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a fifty day moving average price of $77.22 and a two-hundred day moving average price of $81.10. The firm has a market cap of $16.88 billion, a P/E ratio of 10.01, a PEG ratio of 0.46 and a beta of 0.76.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Tuesday, November 4th. The business services provider reported $3.26 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.03. Global Payments had a return on equity of 12.66% and a net margin of 19.68%.The business had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the prior year, the firm posted $3.08 earnings per share. Research analysts forecast that Global Payments Inc. will post 11.89 EPS for the current fiscal year.

Global Payments Profile

Global Payments Inc (NYSE: GPN) is a worldwide provider of payment technology and software solutions that enables commerce for merchants, issuers and enterprises. The company develops and operates payment processing networks, point-of-sale systems and cloud-based software that facilitate electronic transactions across in-store, online and mobile channels. Its services span merchant acquiring, payment gateway services, omnichannel commerce platforms, and solutions for recurring and subscription billing.

Global Payments offers a range of products and services including integrated payment terminals and point-of-sale software, e-commerce and gateway technologies, fraud prevention and tokenization tools, and business analytics and reporting.