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Bridgewater Associates boosted its stake in Global Payments by nearly 89%, despite the company's stock receiving a "Hold" rating.
Bridgewater Associates LP increased its holdings in Global Payments Inc. by 88.6% in the fourth quarter, now owning 892,958 shares worth $100 million.
Global Payments, a payment technology company, had a mixed fourth quarter, reporting EPS of $2.84, missing analyst estimates by $0.14, and revenue of $2.29 billion, slightly below expectations.
The company's stock has a "Hold" rating with a consensus price target of $130.52.
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Bridgewater Associates aumentó su participación en Global Payments en casi un 89%, a pesar de que las acciones de la compañía recibieron una calificación de "Hold".