Timessquare Capital Management LLC Trimmed Its Global Payments INC (GPN) Stake by $3.26 Million as Market Value Rose

April 24, 2018 - By Richard Conner

Global Payments Inc. (NYSE:GPN) LogoInvestors sentiment increased to 1.18 in Q4 2017. Its up 0.10, from 1.08 in 2017Q3. It is positive, 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. British Columbia Investment Corp holds 0.06% or 82,110 shares in its portfolio. Cibc Asset holds 0.03% or 51,348 shares. Bb&T Limited Liability Corporation reported 4,346 shares. 809,175 were accumulated by Legal General Group Public Ltd Llc. Mason Street Advisors Ltd Liability Corp has 0.05% invested in Global Payments Inc. (NYSE:GPN). State Of New Jersey Common Pension Fund D invested in 0.03% or 91,400 shares. Shine Inv Advisory Services Inc accumulated 819 shares or 0.04% of the stock. The Australia-based Commonwealth Bancorporation Of Australia has invested 0% in Global Payments Inc. (NYSE:GPN). Stephens Management Grp Inc Lc stated it has 0.1% of its portfolio in Global Payments Inc. (NYSE:GPN). Virtus Invest Advisers owns 0.04% invested in Global Payments Inc. (NYSE:GPN) for 9,624 shares. Stifel Fin owns 196,812 shares. Toronto Dominion Bancorp stated it has 0.02% in Global Payments Inc. (NYSE:GPN). Bp Public Limited Co invested in 18,000 shares. Illinois-based Driehaus Capital Management Ltd Com has invested 0.02% in Global Payments Inc. (NYSE:GPN). Dupont Management Corporation reported 0.01% of its portfolio in Global Payments Inc. (NYSE:GPN).

Since December 12, 2017, it had 0 buys, and 16 sales for $5.69 million activity. Shares for $625,682 were sold by BALDWIN ROBERT H B JR. The insider JACOBS WILLIAM I sold $66,000. The insider MARSHALL RUTH ANN sold 6,250 shares worth $714,500.

Timessquare Capital Management Llc decreased its stake in Global Payments Inc (GPN) by 1.06% based on its latest 2017Q4 regulatory filing with the SEC. Timessquare Capital Management Llc sold 32,625 shares as the company’s stock rose 10.72% while stock markets declined. The institutional investor held 3.04 million shares of the business services company at the end of 2017Q4, valued at $305.16M, down from 3.08 million at the end of the previous reported quarter. Timessquare Capital Management Llc who had been investing in Global Payments Inc for a number of months, seems to be less bullish one the $17.79 billion market cap company. The stock increased 1.13% or $1.25 during the last trading session, reaching $111.5. About 26,853 shares traded. Global Payments Inc. (NYSE:GPN) has risen 42.24% since April 24, 2017 and is uptrending. It has outperformed by 30.69% the S&P500.

Timessquare Capital Management Llc, which manages about $20.35B and $15.23 billion US Long portfolio, upped its stake in International Game Techno by 867,000 shares to 3.39M shares, valued at $89.99 million in 2017Q4, according to the filing. It also increased its holding in Agilent Technologies Inc (NYSE:A) by 182,600 shares in the quarter, for a total of 1.09M shares, and has risen its stake in Daseke Inc..

Analysts await Global Payments Inc. (NYSE:GPN) to report earnings on May, 3 before the open. They expect $1.06 EPS, up 30.86 % or $0.25 from last year’s $0.81 per share. GPN’s profit will be $169.09M for 26.30 P/E if the $1.06 EPS becomes a reality. After $1.07 actual EPS reported by Global Payments Inc. for the previous quarter, Wall Street now forecasts -0.93 % negative EPS growth.

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 rating was maintained by Guggenheim with “Buy” on Thursday, February 15. The stock of Global Payments Inc. (NYSE:GPN) has “Outperform” rating given on Thursday, November 9 by BMO Capital Markets. The stock has “Buy” rating by Mizuho on Thursday, February 15. The rating was maintained by Nomura with “Reduce” on Tuesday, February 13. Keefe Bruyette & Woods maintained Global Payments Inc. (NYSE:GPN) rating on Thursday, December 21. Keefe Bruyette & Woods has “Buy” rating and $122.0 target. The company was maintained on Thursday, February 15 by Keefe Bruyette & Woods. The stock has “Buy” rating by Stephens on Thursday, February 15. Credit Suisse maintained it with “Outperform” rating and $108 target in Thursday, November 9 report. RBC Capital Markets maintained Global Payments Inc. (NYSE:GPN) rating on Monday, November 27. RBC Capital Markets has “Buy” rating and $118.0 target. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, November 2.

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

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