Global Payments Inc. (NYSE:GPN) Shares Bought by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC grew its holdings in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 93.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,582 shares of the business services provider's stock after purchasing an additional 7,529 shares during the period. OneDigital Investment Advisors LLC's holdings in Global Payments were worth $1,596,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Pzena Investment Management LLC boosted its stake 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 valued at $621,149,000 after purchasing an additional 4,240,388 shares in the last quarter. AQR Capital Management LLC boosted its position 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 acquiring an additional 755,898 shares during the last quarter. Natixis raised its stake in shares of Global Payments by 830.2% during the 1st quarter. Natixis now owns 589,520 shares of the business services provider's stock worth $78,795,000 after purchasing an additional 526,143 shares in the last quarter. D. E. Shaw & Co. Inc. raised its stake in 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 acquiring an additional 463,568 shares during the period. Finally, Squarepoint Ops LLC increased its position in Global Payments by 171.6% during the 2nd quarter. Squarepoint Ops LLC now owns 561,314 shares of the business services provider's stock worth $54,279,000 after buying an additional 354,648 shares during the period. Institutional investors and hedge funds own 89.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Monness Crespi & Hardt lowered 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. JPMorgan Chase & Co. cut 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. Morgan Stanley lowered their target price on Global Payments from $164.00 to $156.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 25th. Royal Bank of Canada decreased their price objective on Global Payments from $143.00 to $130.00 and set an "outperform" rating on the stock in a research note on Thursday, October 31st. Finally, TD Cowen reduced their price target on shares of Global Payments from $125.00 to $122.00 and set a "buy" rating on the stock in a research report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Global Payments presently has a consensus rating of "Moderate Buy" and a consensus price target of $136.50.

Global Payments Price Performance

NYSE GPN traded up $0.06 during trading hours on Monday, hitting $116.06. The company had a trading volume of 1,428,428 shares, compared to its average volume of 2,290,960. Global Payments Inc. has a 52 week low of $91.60 and a 52 week high of $141.77. The firm has a 50 day simple moving average of $105.25 and a 200 day simple moving average of $103.28. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market capitalization of $29.54 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 0.89 and a beta of 0.97.

Global Payments Announces Dividend

The firm 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 is Friday, December 13th. This represents a $1.00 annualized dividend and a dividend yield of 0.86%. Global Payments's dividend payout ratio (DPR) is presently 18.83%.

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.