Braun Stacey Associates Inc. Sells 36,516 Shares of Global Payments Inc. (NYSE:GPN)

Braun Stacey Associates Inc. decreased its holdings in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 74.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,680 shares of the business services provider's stock after selling 36,516 shares during the period. Braun Stacey Associates Inc.'s holdings in Global Payments were worth $1,299,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Allen Mooney & Barnes Investment Advisors LLC lifted its stake in Global Payments by 1.2% in the third quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 8,210 shares of the business services provider's stock worth $841,000 after acquiring an additional 98 shares during the period. Deseret Mutual Benefit Administrators raised its holdings in Global Payments by 27.2% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 543 shares of the business services provider's stock worth $56,000 after purchasing an additional 116 shares in the last quarter. Metis Global Partners LLC lifted its position in shares of Global Payments by 1.4% in the 3rd quarter. Metis Global Partners LLC now owns 8,257 shares of the business services provider's stock worth $846,000 after purchasing an additional 116 shares during the period. Archford Capital Strategies LLC boosted its stake in shares of Global Payments by 1.2% during the 2nd quarter. Archford Capital Strategies LLC now owns 11,588 shares of the business services provider's stock valued at $1,121,000 after purchasing an additional 137 shares in the last quarter. Finally, Paloma Partners Management Co increased its position in shares of Global Payments by 4.5% during the first quarter. Paloma Partners Management Co now owns 3,180 shares of the business services provider's stock valued at $425,000 after buying an additional 138 shares during the period. 89.76% of the stock is currently owned by institutional investors.

Global Payments Stock Performance

Global Payments stock traded down $0.19 during midday trading on Monday, reaching $115.81. 781,605 shares of the company traded hands, compared to its average volume of 2,287,831. Global Payments Inc. has a 12 month low of $91.60 and a 12 month high of $141.77. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93. The business has a 50 day moving average of $105.25 and a two-hundred day moving average of $103.28. The firm has a market capitalization of $29.47 billion, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 0.89 and a beta of 0.97.

Global Payments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, December 13th. This represents a $1.00 annualized dividend and a dividend yield of 0.86%. Global Payments's payout ratio is 18.83%.

Analyst Ratings Changes

Several analysts have weighed in on the company. B. Riley cut their price objective on Global Payments from $204.00 to $194.00 and set a "buy" rating on the stock in a research report on Wednesday, September 25th. Susquehanna restated a "positive" rating and set a $147.00 price target on shares of Global Payments in a research report on Tuesday, September 17th. Stephens reduced their price target on Global Payments from $130.00 to $125.00 and set an "overweight" rating on the stock in a research note on Friday, October 18th. Oppenheimer assumed coverage on Global Payments in a research report on Tuesday, October 1st. They set a "market perform" rating for the company. Finally, Sanford C. Bernstein downgraded shares of Global Payments from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from $135.00 to $112.00 in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Global Payments has a consensus rating of "Moderate Buy" and an average price target of $136.50.

About Global Payments

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.