Quantinno Capital Management LP Buys 23,861 Shares of Global Payments Inc. (NYSE:GPN)

Quantinno Capital Management LP boosted its position in shares of Global Payments Inc. (NYSE:GPN - Free Report) by 344.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,780 shares of the business services provider's stock after acquiring an additional 23,861 shares during the period. Quantinno Capital Management LP's holdings in Global Payments were worth $3,153,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pzena Investment Management LLC increased its stake in Global Payments by 3.4% during the third quarter. Pzena Investment Management LLC now owns 6,638,862 shares of the business services provider's stock valued at $679,952,000 after acquiring an additional 215,399 shares during the period. Janus Henderson Group PLC increased its stake in Global Payments by 22.7% during the third quarter. Janus Henderson Group PLC now owns 2,646,854 shares of the business services provider's stock valued at $271,090,000 after acquiring an additional 490,411 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Global Payments by 65.6% during the third 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 acquiring an additional 785,539 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Global Payments by 10.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,957,914 shares of the business services provider's stock valued at $189,307,000 after purchasing an additional 193,137 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Global Payments by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,541,541 shares of the business services provider's stock valued at $157,885,000 after purchasing an additional 44,296 shares during the period. 89.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GPN has been the topic of several analyst reports. TD Cowen lowered 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 research note on Tuesday, September 24th. Royal Bank of Canada lowered 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. Keefe, Bruyette & Woods boosted their target price on Global Payments from $130.00 to $140.00 and gave the stock an "outperform" rating in a report on Monday. Finally, Monness Crespi & Hardt reduced their target price on Global Payments from $165.00 to $155.00 and set a "buy" rating on the stock in a report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, Global Payments currently has a consensus rating of "Moderate Buy" and an average target price of $137.41.

Global Payments Price Performance

NYSE:GPN traded down $0.57 during mid-day trading on Tuesday, reaching $116.22. The stock had a trading volume of 724,796 shares, compared to its average volume of 2,268,261. The stock has a market capitalization of $29.58 billion, a PE ratio of 22.00, a P/E/G ratio of 0.90 and a beta of 1.00. The stock has a 50-day simple moving average of $108.39 and a two-hundred day simple moving average of $104.19. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93. Global Payments Inc. has a 12 month low of $91.60 and a 12 month high of $141.77.

Global Payments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued 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 dividend yield of 0.86%. Global Payments's dividend payout ratio (DPR) is presently 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.