Global Payments INC (GPN) Stake Upped by Redwood Investments Llc

January 23, 2018 - By Winifred Garcia

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. Regentatlantic Ltd Liability Corp has 15,328 shares for 0.13% of their portfolio. Legal & General Group Inc Plc has 669,461 shares. Contravisory Investment Mngmt Inc reported 2,723 shares or 0.09% of all its holdings. 133,272 are owned by Chevy Chase Holding. Aqr Cap Mngmt Llc owns 28,520 shares. Fmr Limited Liability Com owns 11.62 million shares. Texas Permanent School Fund has invested 0.05% in Global Payments Inc. (NYSE:GPN). Aviva Public Limited Company holds 94,902 shares. Proshare Advsrs Limited Liability Corp stated it has 14,268 shares or 0.01% of all its holdings. Sheets Smith Wealth Mgmt has invested 0.16% in Global Payments Inc. (NYSE:GPN). Citigroup reported 53,438 shares or 0% of all its holdings. Principal Fincl Group holds 0.02% of its portfolio in Global Payments Inc. (NYSE:GPN) for 238,589 shares. Great West Life Assurance Can has 107,424 shares. Nationwide Fund Advsr invested 0.1% in Global Payments Inc. (NYSE:GPN). Advisory Ser Lc holds 76 shares or 0% of its portfolio.

Since August 10, 2017, it had 0 buys, and 18 sales for $16.17 million activity. Shares for $792,653 were sold by JACOBS WILLIAM I on Monday, August 21. Another trade for 26,000 shares valued at $2.60 million was made by BALDWIN ROBERT H B JR on Tuesday, October 10. $58,620 worth of Global Payments Inc. (NYSE:GPN) was sold by SILBERSTEIN ALAN M. On Thursday, August 10 MANGUM DAVID E sold $7.16M worth of Global Payments Inc. (NYSE:GPN) or 75,794 shares.

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 $8.33 million, 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 $17.49B market cap company. The stock increased 0.72% or $0.79 during the last trading session, reaching $109.89. About 1.21M shares traded or 10.86% up from the average. Global Payments Inc. (NYSE:GPN) has risen 21.35% since January 23, 2017 and is uptrending. It has outperformed by 4.65% the S&P500.

Redwood Investments Llc, which manages about $756.78 million and $877.14M US Long portfolio, decreased its stake in Zions Bancorporation (NASDAQ:ZION) by 76,803 shares to 244,012 shares, valued at $11.51M in 2017Q3, according to the filing. It also reduced its holding in Allstate Corporation (NYSE:ALL) by 75,216 shares in the quarter, leaving it with 40,935 shares, and cut its stake in Western Digital Corporation (NASDAQ:WDC).

More news for Global Payments Inc. (NYSE:GPN) were recently published by: Businesswire.com, which released: “Global Payments to Host Investor Conference on March 1, 2018” on January 08, 2018. Twst.com‘s article titled: “Global Payments Inc.: Global Payments to Report Fourth Quarter and Year-End …” and published on January 19, 2018 is yet another important article.

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 107 analyst reports since July 29, 2015 according to SRatingsIntel. The stock has “Buy” rating by Stifel Nicolaus on Thursday, August 3. The rating was maintained by Barclays Capital with “Equal-Weight” on Monday, October 5. The firm has “Buy” rating by Stifel Nicolaus given on Friday, July 14. The company was maintained on Tuesday, December 8 by Keefe Bruyette & Woods. The stock of Global Payments Inc. (NYSE:GPN) earned “Buy” rating by RBC Capital Markets on Thursday, November 9. The stock has “Outperform” rating by RBC Capital Markets on Thursday, October 8. The stock of Global Payments Inc. (NYSE:GPN) earned “Overweight” rating by Barclays Capital on Wednesday, October 11. The rating was downgraded by Compass Point to “Hold” on Friday, August 4. The stock of Global Payments Inc. (NYSE:GPN) earned “Hold” rating by Piper Jaffray on Thursday, August 3. The stock of Global Payments Inc. (NYSE:GPN) earned “Hold” rating by Topeka Capital Markets on Thursday, December 24.

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