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Orion Portfolio Solutions LLC Has $1.88 Million Stock Holdings in Global Payments Inc. (NYSE:GPN)

Global Payments logo with Business Services background

Orion Portfolio Solutions LLC increased its stake in Global Payments Inc. (NYSE:GPN - Free Report) by 172.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,332 shares of the business services provider's stock after acquiring an additional 11,597 shares during the period. Orion Portfolio Solutions LLC's holdings in Global Payments were worth $1,878,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Diversified Trust Co purchased a new position in shares of Global Payments during the second quarter worth approximately $574,000. Swedbank AB increased its holdings in Global Payments by 13.4% during the 2nd quarter. Swedbank AB now owns 38,805 shares of the business services provider's stock worth $3,752,000 after purchasing an additional 4,571 shares during the period. Assenagon Asset Management S.A. raised its position in Global Payments by 470.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 27,122 shares of the business services provider's stock valued at $2,623,000 after purchasing an additional 22,370 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Global Payments by 3.3% in the 2nd quarter. Blue Trust Inc. now owns 10,752 shares of the business services provider's stock worth $1,040,000 after buying an additional 341 shares during the period. Finally, Gradient Investments LLC grew its position in shares of Global Payments by 20.6% during the 2nd quarter. Gradient Investments LLC now owns 172,939 shares of the business services provider's stock worth $16,723,000 after buying an additional 29,503 shares in the last quarter. 89.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on GPN shares. TD Cowen cut their price target on Global Payments from $125.00 to $122.00 and set a "buy" rating on the stock in a report on Wednesday, September 25th. Monness Crespi & Hardt cut their target price on Global Payments from $165.00 to $155.00 and set a "buy" rating on the stock in a research note on Wednesday, September 25th. StockNews.com raised shares of Global Payments from a "hold" rating to a "buy" rating in a research report on Thursday. The Goldman Sachs Group lifted their price target on shares of Global Payments from $135.00 to $155.00 and gave the stock a "buy" rating in a report on Monday, December 2nd. Finally, Barclays cut their price objective on shares of Global Payments from $145.00 to $120.00 and set an "overweight" rating on the stock in a report on Monday, September 30th. One analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $137.41.

View Our Latest Research Report on Global Payments

Global Payments Stock Down 1.1 %

GPN stock traded down $1.28 during midday trading on Friday, reaching $114.24. The company had a trading volume of 1,156,033 shares, compared to its average volume of 2,263,353. The company has a market capitalization of $29.07 billion, a P/E ratio of 21.80, a PEG ratio of 0.90 and a beta of 1.00. 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 Inc. has a 1 year low of $91.60 and a 1 year high of $141.77. The company has a 50 day moving average of $109.44 and a two-hundred day moving average of $104.45.

Global Payments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, December 13th. Global Payments's dividend payout ratio is presently 18.83%.

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.

Read More

Institutional Ownership by Quarter for Global Payments (NYSE:GPN)

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