Holder Redwood Investments LLC Has Upped Global Payments INC (GPN) Stake

February 15, 2018 - By Ellis Scott

Investors sentiment increased to 1.08 in Q3 2017. Its up 0.19, from 0.89 in 2017Q2. It increased, as 26 investors sold GPN shares while 139 reduced holdings. 59 funds opened positions while 120 raised stakes. 155.40 million shares or 5.29% more from 147.59 million shares in 2017Q2 were reported. Capstone Investment Advsrs Ltd owns 6,611 shares. Insight 2811 Inc reported 3,015 shares. Riverhead Cap Ltd owns 0.03% invested in Global Payments Inc. (NYSE:GPN) for 5,658 shares. Regions Financial invested 0.01% of its portfolio in Global Payments Inc. (NYSE:GPN). Hightower Advisors Ltd Liability Co reported 5,091 shares. Moreover, Morgan Dempsey Limited Liability Corporation has 0.04% invested in Global Payments Inc. (NYSE:GPN) for 1,252 shares. 230,530 were reported by State Board Of Administration Of Florida Retirement System. Lakeview Cap Ptnrs Limited reported 2,214 shares. Northern Tru Corporation holds 1.79M shares. Los Angeles Cap Management & Equity Rech holds 0.02% or 37,195 shares. 300 are held by Perigon Wealth Limited Liability Com. Commonwealth Of Pennsylvania Pub School Empls Retrmt System holds 0.02% or 12,401 shares. Cwm Limited Company reported 81 shares or 0% of all its holdings. 586,691 were accumulated by Ny State Common Retirement Fund. Fincl Bank Of America De reported 1.23M shares stake.

Since August 14, 2017, it had 0 insider purchases, and 14 insider sales for $8.37 million activity. $2.60M worth of stock was sold by BALDWIN ROBERT H B JR on Tuesday, October 10. $58,614 worth of Global Payments Inc. (NYSE:GPN) was sold by SILBERSTEIN ALAN M. Sacchi Guido Francesco had sold 25,927 shares worth $2.47 million on Tuesday, August 22.

Redwood Investments Llc increased its stake in Global Payments Inc. (GPN) by 271.86% based on its latest 2017Q3 regulatory filing with the SEC. Redwood Investments Llc bought 64,051 shares as the company’s stock rose 15.51% with the market. The institutional investor held 87,611 shares of the business services company at the end of 2017Q3, valued at $8.33M, up from 23,560 at the end of the previous reported quarter. Redwood Investments Llc who had been investing in Global Payments Inc. for a number of months, seems to be bullish on the $17.82B market cap company. The stock increased 4.10% or $4.41 during the last trading session, reaching $111.99. About 2.44 million shares traded or 129.28% up from the average. Global Payments Inc. (NYSE:GPN) has risen 21.35% since February 15, 2017 and is uptrending. It has outperformed by 4.65% the S&P500.

Redwood Investments Llc, which manages about $756.78 million and $877.14 million US Long portfolio, decreased its stake in Electronic Arts Inc. (NASDAQ:EA) by 27,509 shares to 89,884 shares, valued at $10.61M in 2017Q3, according to the filing. It also reduced its holding in Celgene Corporation (NASDAQ:CELG) by 28,270 shares in the quarter, leaving it with 96,190 shares, and cut its stake in Union Pacific Corporation (NYSE:UNP).

More notable recent Global Payments Inc. (NYSE:GPN) news were published by: Nasdaq.com which released: “Will Merger Synergies Aid Global Payments (GPN) Q4 Earnings?” on February 13, 2018, also Streetinsider.com with their article: “Form SC 13G/A GLOBAL PAYMENTS INC Filed by: FMR LLC” published on February 13, 2018, Nasdaq.com published: “Global Payments Inc. Q4 Profit Climbs” on February 15, 2018. More interesting news about Global Payments Inc. (NYSE:GPN) were released by: Businesswire.com and their article: “Global Payments Reports 2017 Earnings, Establishes 2018 Growth Targets and …” published on February 15, 2018 as well as Nasdaq.com‘s news article titled: “Global Payments (GPN) Q4 Earnings Beat, Share Buyback Raised” with publication date: February 15, 2018.

Global Payments Inc. (NYSE:GPN) Ratings Coverage

Among 37 analysts covering Global Payments Inc. (NYSE:GPN), 30 have Buy rating, 1 Sell and 6 Hold. Therefore 81% are positive. Global Payments Inc. had 108 analyst reports since July 29, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained it with “Outperform” rating and $80 target in Tuesday, December 8 report. The firm has “Overweight” rating given on Wednesday, October 11 by Barclays Capital. BMO Capital Markets maintained Global Payments Inc. (NYSE:GPN) rating on Friday, August 4. BMO Capital Markets has “Outperform” rating and $11 target. The stock has “Outperform” rating by BMO Capital Markets on Thursday, November 9. The stock has “Buy” rating by RBC Capital Markets on Thursday, July 6. RBC Capital Markets maintained it with “Buy” rating and $103.0 target in Tuesday, September 5 report. On Tuesday, November 15 the stock rating was upgraded by Compass Point to “Buy”. Oppenheimer maintained the shares of GPN in report on Wednesday, July 29 with “Outperform” rating. Mizuho maintained Global Payments Inc. (NYSE:GPN) rating on Friday, October 13. Mizuho has “Buy” rating and $105.0 target. Piper Jaffray maintained the shares of GPN in report on Monday, July 24 with “Hold” rating.

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