Natixis Advisors LLC raised its holdings in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 28.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 227,484 shares of the business services provider's stock after purchasing an additional 49,726 shares during the quarter. Natixis Advisors LLC owned 0.09% of Global Payments worth $23,299,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Allen Mooney & Barnes Investment Advisors LLC grew its holdings in Global Payments by 1.2% during the 3rd 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 in the last quarter. Deseret Mutual Benefit Administrators raised its stake in Global Payments by 27.2% in the third quarter. Deseret Mutual Benefit Administrators now owns 543 shares of the business services provider's stock worth $56,000 after buying an additional 116 shares in the last quarter. Metis Global Partners LLC lifted its holdings in Global Payments by 1.4% during the third quarter. Metis Global Partners LLC now owns 8,257 shares of the business services provider's stock worth $846,000 after buying an additional 116 shares during the period. Archford Capital Strategies LLC lifted its holdings in Global Payments by 1.2% during the second quarter. Archford Capital Strategies LLC now owns 11,588 shares of the business services provider's stock worth $1,121,000 after buying an additional 137 shares during the period. Finally, Paloma Partners Management Co boosted its position in Global Payments by 4.5% during the 1st quarter. Paloma Partners Management Co now owns 3,180 shares of the business services provider's stock valued at $425,000 after acquiring an additional 138 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 traded down $0.88 during mid-day trading on Tuesday, reaching $115.18. 833,285 shares of the stock were exchanged, compared to its average volume of 2,284,473. The company has a 50 day simple moving average of $105.37 and a 200-day simple moving average of $103.32. Global Payments Inc. has a 1 year low of $91.60 and a 1 year 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 stock has a market capitalization of $29.31 billion, a P/E ratio of 21.57, a P/E/G ratio of 0.89 and a beta of 0.97.
Global Payments Announces Dividend
The business also recently disclosed 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 is Friday, December 13th. This represents a $1.00 dividend on an annualized basis and a yield of 0.87%. Global Payments's payout ratio is 18.83%.
Wall Street Analyst Weigh In
Several research firms have issued reports on GPN. Monness Crespi & Hardt cut their price target on shares of Global Payments from $165.00 to $155.00 and set a "buy" rating on the stock in a report on Wednesday, September 25th. BMO Capital Markets dropped their price target on Global Payments from $126.00 to $122.00 and set a "market perform" rating on the stock in a research note on Wednesday, September 25th. Morgan Stanley decreased their price objective on shares of Global Payments from $164.00 to $156.00 and set an "overweight" rating for the company in a research report on Wednesday, September 25th. Sanford C. Bernstein downgraded shares of Global Payments from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from $135.00 to $112.00 in a research note on Tuesday, October 22nd. Finally, TD Cowen reduced their price target on shares of Global Payments from $125.00 to $122.00 and set a "buy" rating for the company in a research report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $136.50.
Get Our Latest Stock Analysis on Global Payments
About Global Payments
(
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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