Janus Henderson Group PLC Has $271.09 Million Stock Holdings in Global Payments Inc. (NYSE:GPN)

Janus Henderson Group PLC lifted its position in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 22.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,646,854 shares of the business services provider's stock after purchasing an additional 490,411 shares during the period. Janus Henderson Group PLC owned about 1.04% of Global Payments worth $271,090,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Pzena Investment Management LLC increased its holdings in shares of 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 worth $621,149,000 after acquiring an additional 4,240,388 shares during the period. Massachusetts Financial Services Co. MA boosted its position 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 valued at $203,047,000 after purchasing an additional 785,539 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of 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 valued at $109,857,000 after purchasing an additional 755,898 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its position in shares of Global Payments by 316.7% during 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 in the last quarter. Finally, Squarepoint Ops LLC boosted its position in shares of Global Payments by 171.6% during the 2nd quarter. Squarepoint Ops LLC now owns 561,314 shares of the business services provider's stock valued at $54,279,000 after purchasing an additional 354,648 shares in the last quarter. 89.76% of the stock is owned by institutional investors and hedge funds.

Global Payments Stock Performance

GPN traded down $1.41 during trading on Wednesday, reaching $116.84. 1,589,260 shares of the company's stock were exchanged, compared to its average volume of 2,272,213. 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 quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65. The business has a 50 day moving average price of $107.40 and a 200 day moving average price of $103.98. The company has a market capitalization of $29.74 billion, a P/E ratio of 22.00, a PEG ratio of 0.91 and a beta of 1.00.

Global Payments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid 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 0.86%. Global Payments's dividend payout ratio is currently 18.83%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. BNP Paribas upgraded shares of Global Payments to a "strong sell" rating in a research report on Wednesday, September 4th. Oppenheimer began coverage on shares of Global Payments in a research report on Tuesday, October 1st. They set a "market perform" rating for the company. Morgan Stanley decreased their target price on shares of Global Payments from $164.00 to $156.00 and set an "overweight" rating for the company in a report on Wednesday, September 25th. Jefferies Financial Group decreased their price target on shares of Global Payments from $130.00 to $120.00 and set a "buy" rating for the company in a report on Wednesday, October 16th. Finally, William Blair cut shares of Global Payments from an "outperform" rating to a "market perform" rating in a report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seventeen have issued a buy rating to the company's stock. Based on data from MarketBeat, Global Payments has an average rating of "Moderate Buy" and an average price target of $137.41.

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.