Global Pmts INC (GPN) Holder Echo Street Capital Management LLC Lifted Position

July 16, 2018 - By Vernon Prom

Global Payments Inc. (NYSE:GPN) LogoInvestors sentiment decreased to 1 in Q1 2018. Its down 0.18, from 1.18 in 2017Q4. It dropped, as 16 investors sold GPN shares while 170 reduced holdings. 63 funds opened positions while 123 raised stakes. 149.44 million shares or 0.86% less from 150.74 million shares in 2017Q4 were reported. Howe Rusling holds 120 shares or 0% of its portfolio. Silvercrest Asset Management Grp Lc owns 0% invested in Global Payments Inc. (NYSE:GPN) for 1,836 shares. Gam Ag owns 0.01% invested in Global Payments Inc. (NYSE:GPN) for 3,500 shares. Quantitative Systematic Strategies Limited Liability reported 0.04% in Global Payments Inc. (NYSE:GPN). Bb&T Ltd Liability owns 0.01% invested in Global Payments Inc. (NYSE:GPN) for 4,485 shares. Veritable Lp owns 0.04% invested in Global Payments Inc. (NYSE:GPN) for 17,165 shares. Point72 Asset Management LP has 0.01% invested in Global Payments Inc. (NYSE:GPN). Ontario – Canada-based Cibc Ww Mkts Incorporated has invested 0.01% in Global Payments Inc. (NYSE:GPN). Morgan Dempsey Capital Management Ltd Liability Company owns 1,204 shares for 0% of their portfolio. Toronto Dominion Bank reported 85,787 shares. Alkeon Ltd Liability, New York-based fund reported 1.32M shares. State Of Wisconsin Investment Board stated it has 181,325 shares. Citadel Limited Liability Corp reported 60,459 shares. Arizona State Retirement System holds 64,982 shares. Moreover, Kentucky Retirement Ins Trust Fund has 0.08% invested in Global Payments Inc. (NYSE:GPN) for 3,643 shares.

Since January 18, 2018, it had 0 insider purchases, and 20 insider sales for $8.14 million activity. The insider JACOBS WILLIAM I sold 10,181 shares worth $1.21M. On Tuesday, February 27 MARSHALL RUTH ANN sold $714,500 worth of Global Payments Inc. (NYSE:GPN) or 6,250 shares. The insider BALDWIN ROBERT H B JR sold 6,000 shares worth $709,060. $255,953 worth of Global Payments Inc. (NYSE:GPN) was sold by Green David Lawrence on Friday, May 11.

Greg Poole increased its stake in Global Pmts Inc (GPN) by 64.11% based on its latest 2018Q1 regulatory filing with the SEC. Echo Street Capital Management Llc bought 295,377 shares as the company’s stock declined 2.61% with the market. The hedge fund run by Greg Poole held 756,088 shares of the business services company at the end of 2018Q1, valued at $84.32M, up from 460,711 at the end of the previous reported quarter. Echo Street Capital Management Llc who had been investing in Global Pmts Inc for a number of months, seems to be bullish on the $18.65 billion market cap company. The stock decreased 0.92% or $1.08 during the last trading session, reaching $116.87. About 192,470 shares traded. Global Payments Inc. (NYSE:GPN) has risen 20.94% since July 16, 2017 and is uptrending. It has outperformed by 8.37% the S&P500.

Echo Street Capital Management Llc, which manages about $2.68 billion and $3.43 billion US Long portfolio, decreased its stake in Hunt J B Trans Svcs Inc (NASDAQ:JBHT) by 59,145 shares to 85,435 shares, valued at $10.01M in 2018Q1, according to the filing. It also reduced its holding in Black Knight Inc by 120,688 shares in the quarter, leaving it with 359,749 shares, and cut its stake in Gaming & Leisure Pptys Inc (NASDAQ:GLPI).

Global Payments Inc. (NYSE:GPN) Ratings Coverage

Among 21 analysts covering Global Payments Inc (NYSE:GPN), 16 have Buy rating, 1 Sell and 4 Hold. Therefore 76% are positive. Global Payments Inc had 26 analyst reports since January 18, 2018 according to SRatingsIntel. As per Thursday, February 15, the company rating was maintained by RBC Capital Markets. Bank of America maintained the shares of GPN in report on Wednesday, February 21 with “Buy” rating. Keefe Bruyette & Woods maintained Global Payments Inc. (NYSE:GPN) rating on Thursday, February 15. Keefe Bruyette & Woods has “Buy” rating and $132.0 target. The stock of Global Payments Inc. (NYSE:GPN) has “Buy” rating given on Thursday, March 29 by Robert W. Baird. Piper Jaffray maintained the stock with “Hold” rating in Thursday, January 18 report. Guggenheim maintained the shares of GPN in report on Thursday, February 15 with “Buy” rating. The firm has “Overweight” rating by PiperJaffray given on Friday, March 2. On Friday, March 2 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. The firm has “Buy” rating by Cowen & Co given on Thursday, February 15. The rating was maintained by Citigroup on Friday, February 16 with “Buy”.

Global Payments Inc. (NYSE:GPN) Institutional Positions Chart

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