International Business Machs (IBM) Valuation Declined While Annex Advisory Services Has Cut Its Position; Condor Capital Management Has Upped Global Pmts (GPN) Stake by $1.29 Million

Global Payments Inc. (NYSE:GPN) Logo

Condor Capital Management increased its stake in Global Pmts Inc (GPN) by 122.88% based on its latest 2018Q3 regulatory filing with the SEC. Condor Capital Management bought 10,150 shares as the company’s stock declined 17.35% with the market. The institutional investor held 18,410 shares of the business services company at the end of 2018Q3, valued at $2.35 million, up from 8,260 at the end of the previous reported quarter. Condor Capital Management who had been investing in Global Pmts Inc for a number of months, seems to be bullish on the $18.00B market cap company. The stock increased 1.32% or $1.48 during the last trading session, reaching $113.76. About 1.62 million shares traded or 19.51% up from the average. Global Payments Inc. (NYSE:GPN) has risen 4.64% since February 3, 2018 and is uptrending. It has outperformed by 4.64% the S&P500. Some Historical GPN News: 03/05/2018 – GLOBAL PAYMENTS INC GPN.N FY2018 SHR VIEW $5.06, REV VIEW $3.94 BLN — THOMSON REUTERS l/B/E/S; 21/04/2018 – DJ Global Payments Inc, Inst Holders, 1Q 2018 (GPN); 14/05/2018 – Global Payments Presenting at JPMorgan Conference May 16; 03/05/2018 – Global Payments Sees 2018 Adj EPS $5.00-Adj EPS $5.20; 03/05/2018 – Global Payments Sees 2018 Adjusted Net Rev Plus Network Fees $3.9B-$3.975B; 20/03/2018 – GLOBAL PAYMENTS – AS PER REFINANCING AMENDMENT, INTEREST RATE OF TERM B-2 LOANS CONSTITUTING EUROCURRENCY LOANS IS A BASE RATE PLUS 1.75% – SEC FILING; 20/03/2018 – GLOBAL PAYMENTS – AS PER REFINANCING AMENDMENT, INTEREST RATE OF TERM B-2 LOANS CONSTITUTING BASE RATE LOANS IS A BASE RATE PLUS 0.75%; 19/03/2018 – Moody’s Changes Global Payments’ Outlook To Positive; Affirms Ba2 Cfr; 03/05/2018 – Global Payments 1Q Adj EPS $1.13; 03/05/2018 – GLOBAL PAYMENTS INC SEES 2018 ADJUSTED NET REVENUE PLUS NETWORK FEES TO RANGE FROM $3.90 BLN TO $3.975 BLN

Annex Advisory Services Llc decreased its stake in International Business Machs (IBM) by 85.71% based on its latest 2018Q3 regulatory filing with the SEC. Annex Advisory Services Llc sold 8,980 shares as the company’s stock declined 16.83% with the market. The institutional investor held 1,497 shares of the computer manufacturing company at the end of 2018Q3, valued at $226,000, down from 10,477 at the end of the previous reported quarter. Annex Advisory Services Llc who had been investing in International Business Machs for a number of months, seems to be less bullish one the $121.87B market cap company. The stock decreased 0.24% or $0.32 during the last trading session, reaching $134.1. About 3.81 million shares traded. International Business Machines Corporation (NYSE:IBM) has declined 21.12% since February 3, 2018 and is downtrending. It has underperformed by 21.12% the S&P500. Some Historical IBM News: 04/04/2018 – IBM X-Force Report: Fewer Records Breached In 2017 As Cybercriminals Focused On Ransomware And Destructive Attacks; 15/05/2018 – Thycotic Announces IBM Security to OEM Privileged Identity Management Technology; 27/03/2018 – ShiftPixy Leverages IBM’s Watson to Better Connect and Scale; 19/03/2018 – WlSeKey and IBM To Showcase Their integrated Solution to Secure IoT at THINK2018 Conference; 27/03/2018 – ITALY’S CARIGE SAYS ACKNOWLEDGES MARKET CONDITIONS ARE NOT THERE FOR ISSUANCE OF SUBORDINATED BOND WITH “EXPECTED CHARACTERISTICS”; 15/05/2018 – IBM joins forces with a start-up to combine crypto with environmental credit trading; 26/04/2018 – Host Hotels & Resorts, Inc. Announces Leading-Edge Joint Development Agreement With IBM Research; 20/03/2018 – IBM Upgrades AI Tools Available on Its Cloud Storage Service; 08/05/2018 – Seneca and IBM team up to offer the first IBM Skills Academy in Ontario; 02/04/2018 – IBM Closes Below 200-Day Moving Average: Technicals

Among 39 analysts covering Global Payments Inc. (NYSE:GPN), 30 have Buy rating, 1 Sell and 8 Hold. Therefore 77% are positive. Global Payments Inc. had 144 analyst reports since July 29, 2015 according to SRatingsIntel. RBC Capital Markets maintained Global Payments Inc. (NYSE:GPN) on Thursday, November 9 with “Buy” rating. The firm has “Overweight” rating given on Thursday, April 7 by JP Morgan. The rating was maintained by Nomura with “Reduce” on Thursday, November 9. As per Thursday, July 6, the company rating was maintained by RBC Capital Markets. As per Tuesday, October 10, the company rating was maintained by Deutsche Bank. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, October 21 report. The stock of Global Payments Inc. (NYSE:GPN) earned “Buy” rating by Deutsche Bank on Friday, February 16. The rating was upgraded by Suntrust Robinson to “Buy” on Friday, January 8. Goldman Sachs maintained Global Payments Inc. (NYSE:GPN) on Tuesday, April 26 with “Neutral” rating. The stock of Global Payments Inc. (NYSE:GPN) has “Buy” rating given on Tuesday, September 5 by RBC Capital Markets.

Condor Capital Management, which manages about $765.52M and $548.22 million US Long portfolio, decreased its stake in Vanguard Index Fds (VUG) by 3,106 shares to 121,059 shares, valued at $19.50 million in 2018Q3, according to the filing. It also reduced its holding in Vanguard Scottsdale Fds (VONV) by 5,941 shares in the quarter, leaving it with 218,998 shares, and cut its stake in Spdr S&P 500 Etf Tr (SPY).

Since August 14, 2018, it had 0 insider buys, and 21 sales for $13.54 million activity. SILBERSTEIN ALAN M had sold 700 shares worth $76,860. The insider BALDWIN ROBERT H B JR sold $531,135. JACOBS WILLIAM I also sold $77,328 worth of Global Payments Inc. (NYSE:GPN) shares. $7.38M worth of Global Payments Inc. (NYSE:GPN) was sold by Bready Cameron M on Wednesday, September 12. Green David Lawrence also sold $1.18 million worth of Global Payments Inc. (NYSE:GPN) on Thursday, September 13.

Investors sentiment increased to 1.17 in Q3 2018. Its up 0.06, from 1.11 in 2018Q2. It is positive, as 22 investors sold GPN shares while 152 reduced holdings. 60 funds opened positions while 144 raised stakes. 147.41 million shares or 0.24% less from 147.75 million shares in 2018Q2 were reported. Janney Limited Co accumulated 0.01% or 13,006 shares. Capital International Sarl has 1.21% invested in Global Payments Inc. (NYSE:GPN) for 99,715 shares. Wetherby Asset Mgmt Inc reported 0.16% stake. Cibc Ww Markets reported 0.04% in Global Payments Inc. (NYSE:GPN). Commerzbank Aktiengesellschaft Fi has 0.01% invested in Global Payments Inc. (NYSE:GPN) for 10,915 shares. State Board Of Administration Of Florida Retirement Systems reported 212,871 shares. Scotia Capital owns 12,305 shares. Royal Commercial Bank Of Canada holds 0.01% or 217,884 shares in its portfolio. Tocqueville Asset Mgmt Limited Partnership invested in 10,000 shares. Signaturefd reported 800 shares. Public Employees Retirement System Of Ohio invested in 123,643 shares or 0.08% of the stock. Tiverton Asset Mgmt owns 0.01% invested in Global Payments Inc. (NYSE:GPN) for 2,121 shares. British Columbia Mngmt reported 0.05% of its portfolio in Global Payments Inc. (NYSE:GPN). Federated Investors Pa holds 232,443 shares or 0.07% of its portfolio. Illinois-based Balyasny Asset Mngmt Limited Liability Com has invested 0.01% in Global Payments Inc. (NYSE:GPN).

More news for Global Payments Inc. (NYSE:GPN) were recently published by: Businesswire.com, which released: “Global Payments to Report Fourth Quarter and Year-End 2018 Earnings on February 13, 2019 – Business Wire” on January 22, 2019. Philly.com‘s article titled: “The student-run Drexel Dragon Fund presents best investment ideas at NYSE – Philly.com” and published on January 28, 2019 is yet another important article.

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Fool.com which released: “Forget IBM. Microsoft Is a Better Dividend Growth Stock – Motley Fool” on January 27, 2019, also Fool.com with their article: “3 Top Stocks With High Dividend Yields – The Motley Fool” published on January 26, 2019, Bizjournals.com published: “Morgan Stanley set to make millions upon closing of IBM-Red Hat deal – Triangle Business Journal” on January 07, 2019. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Seekingalpha.com and their article: “IBM scrapping Watson Workspace – Seeking Alpha” published on January 16, 2019 as well as Marketwatch.com‘s news article titled: “IBM earnings: Emerging tech expected to account for half of sales as revenue declines – MarketWatch” with publication date: January 22, 2019.

Among 35 analysts covering International Business Machines (NYSE:IBM), 14 have Buy rating, 5 Sell and 16 Hold. Therefore 40% are positive. International Business Machines had 142 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Sector Perform” rating by RBC Capital Markets on Monday, October 5. Berenberg initiated the shares of IBM in report on Tuesday, April 4 with “Sell” rating. RBC Capital Markets maintained International Business Machines Corporation (NYSE:IBM) on Wednesday, April 19 with “Sector Perform” rating. The company was maintained on Wednesday, October 18 by BMO Capital Markets. The stock of International Business Machines Corporation (NYSE:IBM) has “Market Perform” rating given on Tuesday, July 19 by Bernstein. On Wednesday, April 19 the stock rating was downgraded by Societe Generale to “Sell”. On Tuesday, July 19 the stock rating was maintained by BMO Capital Markets with “Market Perform”. The company was maintained on Friday, January 19 by J.P. Morgan. On Tuesday, August 22 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. The rating was maintained by UBS on Tuesday, October 20 with “Neutral”.

Annex Advisory Services Llc, which manages about $827.76 million and $647.09M US Long portfolio, upped its stake in Philip Morris Intl Inc (NYSE:PM) by 8,170 shares to 18,178 shares, valued at $1.48M in 2018Q3, according to the filing. It also increased its holding in Select Sector Spdr Tr (XLY) by 6,550 shares in the quarter, for a total of 424,387 shares, and has risen its stake in Altria Group Inc (NYSE:MO).

International Business Machines Corporation (NYSE:IBM) Institutional Positions Chart

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