Temasek Holdings Private Ltd Takes Position in Global Payments Inc. (NYSE:GPN)

Temasek Holdings Private Ltd acquired a new position in shares of Global Payments Inc. (NYSE:GPN - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 286,478 shares of the business services provider's stock, valued at approximately $29,341,000. Temasek Holdings Private Ltd owned about 0.11% of Global Payments at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Cetera Investment Advisers increased its position in Global Payments by 531.9% during the first quarter. Cetera Investment Advisers now owns 24,238 shares of the business services provider's stock worth $3,240,000 after buying an additional 20,402 shares in the last quarter. Cetera Advisors LLC grew its stake in Global Payments by 34.9% during the 1st quarter. Cetera Advisors LLC now owns 4,284 shares of the business services provider's stock worth $573,000 after buying an additional 1,108 shares during the last quarter. Mather Group LLC. grew its stake in shares of Global Payments by 27.2% in the second quarter. Mather Group LLC. now owns 1,189 shares of the business services provider's stock worth $115,000 after purchasing an additional 254 shares in the last quarter. CWM LLC increased its stake in shares of Global Payments by 16.4% during the second quarter. CWM LLC now owns 34,546 shares of the business services provider's stock valued at $3,341,000 after acquiring an additional 4,873 shares during the period. Finally, SG Americas Securities LLC raised its position in Global Payments by 28.1% in the second quarter. SG Americas Securities LLC now owns 52,968 shares of the business services provider's stock worth $5,122,000 after acquiring an additional 11,622 shares in the last quarter. Hedge funds and other institutional investors own 89.76% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on GPN. 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. Seaport Res Ptn lowered Global Payments from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 24th. KeyCorp cut their target price on shares of Global Payments from $145.00 to $135.00 and set an "overweight" rating for the company in a research note on Wednesday, September 25th. Oppenheimer started coverage on shares of Global Payments in a research report on Tuesday, October 1st. They issued a "market perform" rating on the stock. Finally, Stephens reduced their target price on shares of Global Payments from $130.00 to $125.00 and set an "overweight" rating for the company in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have given a buy rating to the company's stock. According to data from MarketBeat, Global Payments presently has a consensus rating of "Moderate Buy" and a consensus target price of $137.41.

Global Payments Trading Up 1.8 %

Shares of NYSE:GPN traded up $2.05 during trading on Friday, hitting $117.90. 557,130 shares of the company's stock were exchanged, compared to its average volume of 2,266,108. The firm has a 50-day moving average price of $107.76 and a two-hundred day moving average price of $104.06. The firm has a market cap of $30.00 billion, a P/E ratio of 22.24, a PEG ratio of 0.91 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.

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 paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.85%. The ex-dividend date is Friday, December 13th. Global Payments's payout ratio 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.