Wilmington Savings Fund Society FSB Has $4.55 Million Stake in Global Payments Inc. (NYSE:GPN)

Wilmington Savings Fund Society FSB boosted its holdings in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 24.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,394 shares of the business services provider's stock after purchasing an additional 8,677 shares during the period. Wilmington Savings Fund Society FSB's holdings in Global Payments were worth $4,547,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in GPN. Pzena Investment Management LLC boosted its position in Global Payments by 194.2% in the 2nd quarter. Pzena Investment Management LLC now owns 6,423,463 shares of the business services provider's stock valued at $621,149,000 after buying an additional 4,240,388 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Global Payments by 65.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,982,496 shares of the business services provider's stock worth $203,047,000 after purchasing an additional 785,539 shares during the period. AQR Capital Management LLC raised its holdings in Global Payments by 188.1% during the 2nd quarter. AQR Capital Management LLC now owns 1,157,728 shares of the business services provider's stock worth $109,857,000 after purchasing an additional 755,898 shares during the last quarter. Janus Henderson Group PLC lifted its position in Global Payments by 22.7% during the 3rd quarter. Janus Henderson Group PLC now owns 2,646,854 shares of the business services provider's stock valued at $271,090,000 after purchasing an additional 490,411 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its stake in shares of Global Payments by 316.7% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 609,939 shares of the business services provider's stock valued at $58,981,000 after purchasing an additional 463,568 shares during the last quarter. 89.76% of the stock is owned by institutional investors and hedge funds.

Global Payments Price Performance

NYSE GPN traded down $1.17 on Friday, hitting $114.35. 621,199 shares of the company's stock were exchanged, compared to its average volume of 2,261,012. The stock has a 50-day moving average of $109.44 and a 200-day moving average of $104.45. The stock has a market cap of $29.10 billion, a price-to-earnings ratio of 21.80, a P/E/G ratio of 0.90 and a beta of 1.00. Global Payments Inc. has a 52 week low of $91.60 and a 52 week high of $141.77. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65.

Global Payments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors 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 dividend on an annualized basis and a yield of 0.87%. Global Payments's dividend payout ratio is currently 18.83%.

Analyst Ratings Changes

GPN has been the topic of several recent research reports. KeyCorp reduced their price target on Global Payments from $145.00 to $135.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 25th. Jefferies Financial Group lowered their target price 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. JPMorgan Chase & Co. reduced their price objective on Global Payments from $118.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, October 29th. Morgan Stanley lowered their price target on shares of Global Payments from $164.00 to $156.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 25th. Finally, Royal Bank of Canada cut their price objective on Global Payments from $143.00 to $130.00 and set an "outperform" rating for the company in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $137.41.

Global Payments Company Profile

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.