ClariVest Asset Management LLC reduced its stake in shares of Global Payments Inc (NYSE:GPN) by 4.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 158,925 shares of the business services provider’s stock after selling 7,284 shares during the quarter. ClariVest Asset Management LLC’s holdings in Global Payments were worth $16,392,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. BB&T Securities LLC grew its position in Global Payments by 331.2% during the 4th quarter. BB&T Securities LLC now owns 21,997 shares of the business services provider’s stock worth $2,268,000 after purchasing an additional 16,896 shares during the period. Securian Asset Management Inc grew its position in Global Payments by 0.8% during the 4th quarter. Securian Asset Management Inc now owns 16,426 shares of the business services provider’s stock worth $1,694,000 after purchasing an additional 123 shares during the period. Hartford Investment Management Co. grew its position in Global Payments by 17.7% during the 4th quarter. Hartford Investment Management Co. now owns 23,718 shares of the business services provider’s stock worth $2,446,000 after purchasing an additional 3,573 shares during the period. M&T Bank Corp boosted its stake in shares of Global Payments by 16.4% during the 4th quarter. M&T Bank Corp now owns 16,506 shares of the business services provider’s stock worth $1,702,000 after acquiring an additional 2,328 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Global Payments by 14.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 14,859 shares of the business services provider’s stock worth $1,533,000 after acquiring an additional 1,853 shares in the last quarter. 98.47% of the stock is currently owned by institutional investors.

GPN has been the topic of several recent analyst reports. Guggenheim lowered shares of Global Payments from a “buy” rating to a “neutral” rating in a research note on Monday, November 5th. KeyCorp lowered their target price on shares of Global Payments from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 2nd. Robert W. Baird increased their target price on shares of Global Payments from $136.00 to $142.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 17th. Barclays initiated coverage on shares of Global Payments in a research note on Wednesday, November 14th. They set an “overweight” rating and a $136.00 target price on the stock. Finally, Piper Jaffray Companies lowered their target price on shares of Global Payments from $155.00 to $141.00 and set an “overweight” rating on the stock in a research note on Friday, December 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $131.11.

In related news, Director Alan M. Silberstein sold 700 shares of the firm’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $109.66, for a total value of $76,762.00. Following the transaction, the director now directly owns 42,169 shares of the company’s stock, valued at approximately $4,624,252.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert H. B. Baldwin, Jr. sold 3,000 shares of the firm’s stock in a transaction dated Monday, January 14th. The shares were sold at an average price of $110.82, for a total transaction of $332,460.00. Following the completion of the transaction, the director now directly owns 72,399 shares in the company, valued at $8,023,257.18. The disclosure for this sale can be found here. Insiders sold a total of 6,700 shares of company stock worth $715,282 over the last ninety days. 0.98% of the stock is currently owned by corporate insiders.

Shares of Global Payments stock opened at $114.90 on Monday. The stock has a market capitalization of $18.18 billion, a P/E ratio of 28.65, a P/E/G ratio of 1.12 and a beta of 1.15. Global Payments Inc has a twelve month low of $94.81 and a twelve month high of $129.25. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.03 and a current ratio of 1.03.

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Global Payments Profile

Global Payments Inc provides payment technology and software solutions for credit cards, debit cards, electronic payments, and check-related services. It offers authorization services, settlement and funding services, customer support and help-desk functions, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and statements, online reporting, industry compliance, and payment card industry security services.

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

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