As Global Payments INC (GPN) Market Value Rose, Holder Timessquare Capital Management LLC Has Cut Its Stake

March 21, 2018 - By Michael Pereira

Investors sentiment increased to 1.08 in Q3 2017. Its up 0.19, from 0.89 in 2017Q2. It is positive, 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. Axa invested in 110,961 shares or 0.05% of the stock. Td Asset Management Incorporated reported 295,781 shares. 163 are held by Commonwealth Financial Bank Of. Capstone Inv Limited Com holds 0.02% or 6,611 shares in its portfolio. Campbell Invest Adviser Limited Liability Corporation has 2,202 shares. New York-based Mutual Of America Capital Mngmt Ltd Liability Corporation has invested 0.04% in Global Payments Inc. (NYSE:GPN). Putnam Investments Ltd Limited Liability Company invested in 0% or 2,400 shares. Wells Fargo Co Mn stated it has 0.05% in Global Payments Inc. (NYSE:GPN). Old Mutual Customised Solutions (Proprietary) Limited has 0.03% invested in Global Payments Inc. (NYSE:GPN) for 2,033 shares. 60,197 are owned by First Amer Bank & Trust. Ameritas Investment has 0.08% invested in Global Payments Inc. (NYSE:GPN) for 17,368 shares. Keybank National Association Oh, Ohio-based fund reported 3,694 shares. Atlantic Trust Gp Ltd Liability Com stated it has 0.09% in Global Payments Inc. (NYSE:GPN). Quantres Asset has 0.15% invested in Global Payments Inc. (NYSE:GPN). Hsbc Public Limited Co owns 88,259 shares or 0.01% of their US portfolio.

Since October 10, 2017, it had 0 insider buys, and 15 sales for $6.91 million activity. Shares for $2.60 million were sold by BALDWIN ROBERT H B JR. SILBERSTEIN ALAN M sold $68,604 worth of Global Payments Inc. (NYSE:GPN) on Tuesday, February 20. 6,250 shares valued at $714,500 were sold by MARSHALL RUTH ANN on Tuesday, February 27.

Timessquare Capital Management Llc decreased its stake in Global Payments Inc (GPN) by 8.24% based on its latest 2017Q3 regulatory filing with the SEC. Timessquare Capital Management Llc sold 276,260 shares as the company’s stock rose 15.51% with the market. The institutional investor held 3.08M shares of the business services company at the end of 2017Q3, valued at $292.40M, down from 3.35 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 $18.65 billion market cap company. The stock decreased 0.45% or $0.53 during the last trading session, reaching $117.17. About 204,487 shares traded. Global Payments Inc. (NYSE:GPN) has risen 21.35% since March 21, 2017 and is uptrending. It has outperformed by 4.65% the S&P500.

Timessquare Capital Management Llc, which manages about $20.35B and $14.92 billion US Long portfolio, upped its stake in Blueprint Medicines Corp. by 307,700 shares to 867,700 shares, valued at $60.45 million in 2017Q3, according to the filing. It also increased its holding in Gartner Inc (NYSE:IT) by 89,600 shares in the quarter, for a total of 2.23M shares, and has risen its stake in Bio (NYSE:BIO).

Global Payments Inc. (NYSE:GPN) Ratings Coverage

Among 38 analysts covering Global Payments Inc. (NYSE:GPN), 31 have Buy rating, 1 Sell and 6 Hold. Therefore 82% are positive. Global Payments Inc. had 127 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Global Payments Inc. (NYSE:GPN) earned “Overweight” rating by Atlantic Securities on Thursday, April 13. The stock of Global Payments Inc. (NYSE:GPN) earned “Hold” rating by Piper Jaffray on Thursday, January 18. The firm has “Buy” rating given on Thursday, September 28 by Robert W. Baird. The company was upgraded on Tuesday, January 9 by Stephens. The stock has “Buy” rating by Deutsche Bank on Friday, February 16. The stock of Global Payments Inc. (NYSE:GPN) earned “Buy” rating by Cowen & Co on Thursday, September 7. Barclays Capital maintained Global Payments Inc. (NYSE:GPN) rating on Friday, September 30. Barclays Capital has “Equal Weight” rating and $85 target. The stock has “Outperform” rating by BMO Capital Markets on Friday, January 6. The firm has “Buy” rating by RBC Capital Markets given on Thursday, August 3. PiperJaffray upgraded the shares of GPN in report on Friday, March 2 to “Overweight” rating.

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