Hennessy Advisors Holds Stake in Global Pmts (GPN); Costco (COST) Share Price Rose While Fic Capital Has Upped Its Holding

November 15, 2017 - By Darrin Black

Fic Capital Inc increased its stake in Costco (COST) by 181.93% based on its latest 2017Q2 regulatory filing with the SEC. Fic Capital Inc bought 5,840 shares as the company’s stock rose 1.54% with the market. The institutional investor held 9,050 shares of the department and specialty retail stores company at the end of 2017Q2, valued at $1.45 million, up from 3,210 at the end of the previous reported quarter. Fic Capital Inc who had been investing in Costco for a number of months, seems to be bullish on the $74.92B market cap company. The stock declined 1.14% or $1.96 reaching $169.48 on the news. About 22,901 shares traded. Costco Wholesale Corporation (NASDAQ:COST) has risen 25.14% since November 15, 2016 and is uptrending. It has outperformed by 8.44% the S&P500.

Hennessy Advisors Inc increased its stake in Global Pmts Inc (GPN) by 240% based on its latest 2017Q2 regulatory filing with the SEC. Hennessy Advisors Inc bought 12,000 shares as the company’s stock rose 15.51% with the market. The institutional investor held 17,000 shares of the business services company at the end of 2017Q2, valued at $1.54 million, up from 5,000 at the end of the previous reported quarter. Hennessy Advisors Inc who had been investing in Global Pmts Inc for a number of months, seems to be bullish on the $16.13B market cap company. The stock decreased 0.01% or $0.01 on November 14, reaching $101.34. About 3,728 shares traded. Global Payments Inc (NYSE:GPN) has risen 21.35% since November 15, 2016 and is uptrending. It has outperformed by 4.65% the S&P500.

Hennessy Advisors Inc, which manages about $5.52B and $3.25 billion US Long portfolio, decreased its stake in Synnex Corp (NYSE:SNX) by 12,600 shares to 293,700 shares, valued at $35.23M in 2017Q2, according to the filing. It also reduced its holding in Cdw Corp (NASDAQ:CDW) by 28,760 shares in the quarter, leaving it with 671,572 shares, and cut its stake in Mdu Res Group Inc (NYSE:MDU).

Among 36 analysts covering Global Payments Inc. (NYSE:GPN), 29 have Buy rating, 1 Sell and 6 Hold. Therefore 81% are positive. Global Payments Inc. had 102 analyst reports since July 29, 2015 according to SRatingsIntel. Cantor Fitzgerald initiated the shares of GPN in report on Friday, January 27 with “Overweight” rating. The rating was maintained by Jefferies with “Hold” on Wednesday, October 11. The stock has “Equal-Weight” rating by Morgan Stanley on Thursday, November 2. RBC Capital Markets maintained the shares of GPN in report on Wednesday, October 21 with “Outperform” rating. The firm has “Buy” rating by Keefe Bruyette & Woods given on Thursday, August 3. Stifel Nicolaus maintained the shares of GPN in report on Thursday, August 3 with “Buy” rating. The firm has “Buy” rating by Robert W. Baird given on Tuesday, September 5. Stifel Nicolaus initiated the stock with “Buy” rating in Thursday, June 1 report. The rating was maintained by Barclays Capital with “Overweight” on Friday, August 4. The firm has “Buy” rating by Deutsche Bank given on Tuesday, October 10.

Investors sentiment decreased to 0.89 in Q2 2017. Its down 0.07, from 0.96 in 2017Q1. It fall, as 32 investors sold GPN shares while 156 reduced holdings. 60 funds opened positions while 108 raised stakes. 147.59 million shares or 1.36% less from 149.63 million shares in 2017Q1 were reported. Inc Ca accumulated 59,100 shares. New Jersey-based Lord Abbett & Company Lc has invested 0.11% in Global Payments Inc (NYSE:GPN). California Employees Retirement System has 0.06% invested in Global Payments Inc (NYSE:GPN). Ameritas Inv Prtnrs has 17,368 shares. United Kingdom-based Rathbone Brothers Public Limited has invested 0.93% in Global Payments Inc (NYSE:GPN). Captrust Financial Advisors reported 10 shares or 0% of all its holdings. Moreover, Nordea Invest Management has 0% invested in Global Payments Inc (NYSE:GPN). Comerica Natl Bank stated it has 0.03% of its portfolio in Global Payments Inc (NYSE:GPN). Oregon Employees Retirement Fund has 0.02% invested in Global Payments Inc (NYSE:GPN) for 16,023 shares. Echo Street Mgmt Ltd Liability Co invested 0.67% in Global Payments Inc (NYSE:GPN). Aperio Ltd Liability Company holds 0.02% or 32,874 shares in its portfolio. Raymond James Trust Na accumulated 0.03% or 4,302 shares. Advantus Capital Incorporated holds 0.04% or 15,228 shares. Deutsche State Bank Ag invested in 1.02 million shares or 0.07% of the stock. Fmr Lc, a Massachusetts-based fund reported 14.04 million shares.

More notable recent Global Payments Inc (NYSE:GPN) news were published by: Businesswire.com which released: “Global Payments Reports Third Quarter 2017 Earnings and Increases 2017 Outlook” on November 08, 2017, also Nasdaq.com with their article: “Global Payments (GPN) Q3 Earnings Beat on Higher Revenues” published on November 08, 2017, Fool.com published: “Global Payments’ Successful Two-Pronged Strategy” on November 15, 2017. More interesting news about Global Payments Inc (NYSE:GPN) were released by: Businesswire.com and their article: “Global Payments Announces the Launch of Heartland Analytics” published on October 16, 2017 as well as Nasdaq.com‘s news article titled: “Global Payments Inc. Reveals 29% Gain In Q3 Bottom Line” with publication date: November 08, 2017.

Since May 17, 2017, it had 0 buys, and 4 insider sales for $14.94 million activity. 153,453 shares were sold by SLOAN JEFFREY STEVEN, worth $13.69 million. $54,000 worth of stock was sold by JACOBS WILLIAM I on Tuesday, June 13. SILBERSTEIN ALAN M had sold 600 shares worth $52,854. Another trade for 5,402 shares valued at $498,389 was made by MARSHALL RUTH ANN on Friday, June 2.

Among 28 analysts covering Costco Wholesale (NASDAQ:COST), 18 have Buy rating, 0 Sell and 10 Hold. Therefore 64% are positive. Costco Wholesale had 101 analyst reports since August 24, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, December 19 by Citigroup. The firm has “Overweight” rating given on Wednesday, December 9 by Piper Jaffray. The stock has “Buy” rating by RBC Capital Markets on Friday, May 26. The stock of Costco Wholesale Corporation (NASDAQ:COST) earned “Hold” rating by Deutsche Bank on Monday, June 19. Robert W. Baird maintained the shares of COST in report on Monday, October 2 with “Buy” rating. RBC Capital Markets maintained the shares of COST in report on Thursday, September 14 with “Buy” rating. Robert W. Baird maintained it with “Buy” rating and $200.0 target in Thursday, August 31 report. The stock of Costco Wholesale Corporation (NASDAQ:COST) earned “Outperform” rating by RBC Capital Markets on Tuesday, May 3. The company was downgraded on Friday, October 6 by Morgan Stanley. Deutsche Bank maintained it with “Buy” rating and $196 target in Monday, May 16 report.

Investors sentiment increased to 1.28 in Q2 2017. Its up 0.40, from 0.88 in 2017Q1. It is positive, as 64 investors sold COST shares while 376 reduced holdings. 123 funds opened positions while 438 raised stakes. 311.53 million shares or 2.27% less from 318.75 million shares in 2017Q1 were reported. Chickasaw Capital Management Limited Co holds 2,470 shares or 0.01% of its portfolio. 169,219 are owned by Wealth Planning Ltd Llc. Middleton & Co Inc Ma reported 53,435 shares. Rhumbline Advisers reported 774,791 shares. Amica Mutual Insurance holds 23,542 shares. United Kingdom-based Ardevora Asset Management Ltd Liability Partnership has invested 1.05% in Costco Wholesale Corporation (NASDAQ:COST). Moreover, Moors Cabot has 0.46% invested in Costco Wholesale Corporation (NASDAQ:COST) for 17,278 shares. Connors Investor Service stated it has 1.2% in Costco Wholesale Corporation (NASDAQ:COST). Da Davidson And reported 0.44% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). The Louisiana-based Louisiana State Employees Retirement System has invested 0.21% in Costco Wholesale Corporation (NASDAQ:COST). Davis Selected Advisers has invested 1.18% in Costco Wholesale Corporation (NASDAQ:COST). Invest Limited Liability Corporation reported 0.02% stake. 34,661 were reported by Engineers Gate Manager Lp. 381 were accumulated by City Company. 146,532 are held by Schroder Inv Group.

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