Frontier Capital Management Co LLC Lowered Its Global Payments INC (GPN) Holding by $10.89 Million

April 17, 2018 - By Robert Sims

Global Payments Inc. (NYSE:GPN) LogoInvestors sentiment increased to 1.18 in Q4 2017. Its up 0.10, from 1.08 in 2017Q3. It improved, as 31 investors sold GPN shares while 137 reduced holdings. 50 funds opened positions while 149 raised stakes. 150.74 million shares or 3.00% less from 155.40 million shares in 2017Q3 were reported. Clarivest Asset Management Ltd Liability Corporation accumulated 197,075 shares. Janney Capital Limited Liability Corporation holds 0.02% or 5,220 shares in its portfolio. Sandhill Capital Ptnrs Ltd Llc invested in 4.33% or 242,773 shares. Financial Architects accumulated 1,322 shares. Putnam Invs Ltd Liability owns 2,184 shares. 5,281 were accumulated by Ls Invest Advsrs Ltd Liability Co. Brinker Cap Inc has 25,473 shares. Dimensional Fund Advsr Lp invested 0.03% in Global Payments Inc. (NYSE:GPN). North Carolina-based Wedge L Ltd Partnership Nc has invested 0.55% in Global Payments Inc. (NYSE:GPN). River & Mercantile Asset Management Llp reported 0.28% stake. Moreover, Rhumbline Advisers has 0.06% invested in Global Payments Inc. (NYSE:GPN). Chase Inv Counsel stated it has 40,738 shares or 2.15% of all its holdings. Virginia Retirement Et Al reported 155,000 shares. Capital Ca holds 1.04% or 54,886 shares. 2,896 are held by First Personal Services.

Since October 18, 2017, it had 0 insider buys, and 15 sales for $5.62 million activity. 600 shares valued at $60,258 were sold by JACOBS WILLIAM I on Wednesday, December 13. BALDWIN ROBERT H B JR sold $634,588 worth of Global Payments Inc. (NYSE:GPN) on Monday, February 12. $714,500 worth of Global Payments Inc. (NYSE:GPN) was sold by MARSHALL RUTH ANN.

Frontier Capital Management Co Llc decreased its stake in Global Payments Inc. (GPN) by 5.93% based on its latest 2017Q4 regulatory filing with the SEC. Frontier Capital Management Co Llc sold 108,941 shares as the company’s stock rose 10.72% while stock markets declined. The institutional investor held 1.73M shares of the business services company at the end of 2017Q4, valued at $173.16 million, down from 1.84M at the end of the previous reported quarter. Frontier Capital Management Co Llc who had been investing in Global Payments Inc. for a number of months, seems to be less bullish one the $17.81B market cap company. The stock increased 1.10% or $1.21 during the last trading session, reaching $111.65. About 287,665 shares traded. Global Payments Inc. (NYSE:GPN) has risen 42.24% since April 17, 2017 and is uptrending. It has outperformed by 30.69% the S&P500.

Frontier Capital Management Co Llc, which manages about $13.68B US Long portfolio, upped its stake in Bmc Stock Holdings Inc. by 145,067 shares to 3.79 million shares, valued at $95.98M in 2017Q4, according to the filing. It also increased its holding in Integrated Device Technology Inc. (NASDAQ:IDTI) by 614,235 shares in the quarter, for a total of 5.78 million shares, and has risen its stake in Cdk Global Inc (NASDAQ:CDK).

Global Payments Inc. (NYSE:GPN) Ratings Coverage

Among 21 analysts covering Global Payments (NYSE:GPN), 18 have Buy rating, 1 Sell and 2 Hold. Therefore 86% are positive. Global Payments had 36 analyst reports since November 2, 2017 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, February 15 by KeyBanc Capital Markets. RBC Capital Markets maintained Global Payments Inc. (NYSE:GPN) on Thursday, February 15 with “Buy” rating. Robert W. Baird maintained Global Payments Inc. (NYSE:GPN) rating on Thursday, March 29. Robert W. Baird has “Buy” rating and $13000 target. The stock has “Buy” rating by Bank of America on Wednesday, February 21. The rating was maintained by Citigroup with “Buy” on Friday, February 16. SunTrust maintained it with “Buy” rating and $130.0 target in Thursday, February 15 report. The stock has “Buy” rating by Deutsche Bank on Friday, February 16. RBC Capital Markets maintained it with “Buy” rating and $108.0 target in Thursday, November 9 report. The stock of Global Payments Inc. (NYSE:GPN) has “Overweight” rating given on Friday, March 2 by KeyBanc Capital Markets. The stock of Global Payments Inc. (NYSE:GPN) has “Buy” rating given on Thursday, February 15 by Robert W. Baird.

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

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