Banco Santander S.A. bought a new stake in Global Payments Inc. (NYSE:GPN - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,013 shares of the business services provider's stock, valued at approximately $513,000.
Several other institutional investors and hedge funds have also bought and sold shares of GPN. Pzena Investment Management LLC lifted its stake in shares of Global Payments by 3.4% in the 3rd quarter. Pzena Investment Management LLC now owns 6,638,862 shares of the business services provider's stock worth $679,952,000 after purchasing an additional 215,399 shares during the period. Boston Partners raised its position in Global Payments by 0.3% in the first quarter. Boston Partners now owns 4,797,677 shares of the business services provider's stock worth $639,967,000 after acquiring an additional 12,196 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Global Payments by 65.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,982,496 shares of the business services provider's stock worth $203,047,000 after acquiring an additional 785,539 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Global Payments by 10.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,957,914 shares of the business services provider's stock valued at $189,307,000 after acquiring an additional 193,137 shares during the period. Finally, Davis Asset Management L.P. increased its stake in shares of Global Payments by 18.2% in the 2nd quarter. Davis Asset Management L.P. now owns 1,300,000 shares of the business services provider's stock worth $125,710,000 after purchasing an additional 200,000 shares in the last quarter. 89.76% of the stock is owned by hedge funds and other institutional investors.
Global Payments Stock Performance
NYSE GPN opened at $117.08 on Friday. The business's 50 day moving average price is $105.86 and its 200-day moving average price is $103.50. Global Payments Inc. has a fifty-two week low of $91.60 and a fifty-two week high of $141.77. The company has a market cap of $29.80 billion, a P/E ratio of 22.05, a P/E/G ratio of 0.89 and a beta of 0.97. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93.
Global Payments Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.00 annualized dividend and a dividend yield of 0.85%. Global Payments's dividend payout ratio (DPR) is presently 18.83%.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on GPN shares. Sanford C. Bernstein downgraded Global Payments from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $135.00 to $112.00 in a research report on Tuesday, October 22nd. Jefferies Financial Group cut their price objective on Global Payments from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday, October 16th. StockNews.com cut shares of Global Payments from a "buy" rating to a "hold" rating in a research note on Wednesday. Royal Bank of Canada dropped their price target on shares of Global Payments from $143.00 to $130.00 and set an "outperform" rating for the company in a research report on Thursday, October 31st. Finally, Susquehanna restated a "positive" rating and set a $147.00 target price on shares of Global Payments in a research note on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $136.57.
Check Out Our Latest Analysis on GPN
Global Payments Profile
(
Free Report)
Global Payments Inc provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through two segments, Merchant Solutions and Issuer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services.
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