Y Intercept Hong Kong Ltd Has $3.41 Million Holdings in Global Payments Inc. (NYSE:GPN)

Y Intercept Hong Kong Ltd trimmed its position in Global Payments Inc. (NYSE:GPN - Free Report) by 48.3% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 33,289 shares of the business services provider's stock after selling 31,055 shares during the period. Y Intercept Hong Kong Ltd's holdings in Global Payments were worth $3,409,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. MML Investors Services LLC boosted its position in shares of Global Payments by 7.1% during the third quarter. MML Investors Services LLC now owns 21,169 shares of the business services provider's stock worth $2,168,000 after purchasing an additional 1,397 shares in the last quarter. Dean Investment Associates LLC grew its stake in Global Payments by 7.9% in the third quarter. Dean Investment Associates LLC now owns 23,652 shares of the business services provider's stock valued at $2,422,000 after acquiring an additional 1,724 shares during the period. Orion Portfolio Solutions LLC increased its holdings in shares of Global Payments by 172.2% in the third quarter. Orion Portfolio Solutions LLC now owns 18,332 shares of the business services provider's stock worth $1,878,000 after acquiring an additional 11,597 shares in the last quarter. National Bank of Canada FI raised its position in shares of Global Payments by 82.4% during the third quarter. National Bank of Canada FI now owns 130,916 shares of the business services provider's stock worth $13,408,000 after purchasing an additional 59,137 shares during the period. Finally, EP Wealth Advisors LLC lifted its holdings in shares of Global Payments by 6.7% during the 3rd quarter. EP Wealth Advisors LLC now owns 252,173 shares of the business services provider's stock valued at $25,828,000 after purchasing an additional 15,921 shares in the last quarter. 89.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. StockNews.com raised Global Payments from a "hold" rating to a "buy" rating in a research note on Monday, December 2nd. KeyCorp lowered their price objective on shares of Global Payments from $145.00 to $135.00 and set an "overweight" rating for the company in a research report on Wednesday, September 25th. BMO Capital Markets cut their price objective on shares of Global Payments from $126.00 to $122.00 and set a "market perform" rating on the stock in a research report on Wednesday, September 25th. BTIG Research downgraded Global Payments from a "buy" rating to a "neutral" rating in a research note on Wednesday, September 25th. Finally, The Goldman Sachs Group upped their price objective on Global Payments from $135.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, December 2nd. 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 company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $137.41.

Global Payments Price Performance

Shares of NYSE GPN traded down $1.03 during mid-day trading on Tuesday, reaching $115.76. The company had a trading volume of 1,438,939 shares, compared to its average volume of 2,271,407. The firm has a market cap of $29.46 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 0.90 and a beta of 1.00. The business's 50-day simple moving average is $108.39 and its 200 day simple moving average is $104.19. Global Payments Inc. has a one year low of $91.60 and a one year high of $141.77. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93.

Global Payments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.86%. The ex-dividend date is Friday, December 13th. Global Payments's dividend payout ratio is currently 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.