Swiss National Bank Has $77.60 Million Stock Holdings in Global Payments Inc. (NYSE:GPN)

Swiss National Bank lowered its stake in Global Payments Inc. (NYSE:GPN - Free Report) by 0.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 757,651 shares of the business services provider's stock after selling 6,200 shares during the quarter. Swiss National Bank owned about 0.30% of Global Payments worth $77,599,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Cromwell Holdings LLC acquired a new position in shares of Global Payments during the 3rd quarter worth $25,000. New Covenant Trust Company N.A. purchased a new position in Global Payments in the 1st quarter worth approximately $31,000. LRI Investments LLC purchased a new position in Global Payments in the 1st quarter worth approximately $32,000. POM Investment Strategies LLC purchased a new position in Global Payments in the 2nd quarter worth approximately $32,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Global Payments in the 3rd quarter valued at approximately $33,000. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. dropped their target price on Global Payments from $118.00 to $115.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 29th. TD Cowen cut their price objective on Global Payments from $125.00 to $122.00 and set a "buy" rating on the stock in a research note on Wednesday, September 25th. Seaport Res Ptn lowered Global Payments from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 24th. Jefferies Financial Group decreased their price objective on Global Payments from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Wednesday, October 16th. Finally, Monness Crespi & Hardt cut their price objective on Global Payments from $165.00 to $155.00 and set a "buy" rating for the company in a research report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Global Payments has a consensus rating of "Moderate Buy" and a consensus target price of $136.50.

Global Payments Stock Performance

Shares of NYSE GPN traded up $0.09 during trading hours on Wednesday, reaching $114.81. The stock had a trading volume of 1,038,142 shares, compared to its average volume of 2,287,665. 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's fifty day moving average is $105.48 and its two-hundred day moving average is $103.34. Global Payments Inc. has a twelve month low of $91.60 and a twelve month high of $141.77. The company has a market cap of $29.22 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 0.89 and a beta of 0.97.

Global Payments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Friday, December 13th. Global Payments's dividend payout ratio (DPR) is currently 18.83%.

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.