Global Payments Inc. (NYSE:GPN) Shares Acquired by Metis Global Partners LLC

Metis Global Partners LLC boosted its stake in Global Payments Inc. (NYSE:GPN) by 1.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 8,257 shares of the business services provider’s stock after acquiring an additional 116 shares during the period. Metis Global Partners LLC’s holdings in Global Payments were worth $846,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Allen Mooney & Barnes Investment Advisors LLC lifted its holdings in Global Payments by 1.2% in the 3rd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 8,210 shares of the business services provider’s stock worth $841,000 after buying an additional 98 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its holdings in Global Payments by 27.2% in the third quarter. Deseret Mutual Benefit Administrators now owns 543 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 116 shares during the last quarter. Archford Capital Strategies LLC grew its stake in Global Payments by 1.2% during the 2nd quarter. Archford Capital Strategies LLC now owns 11,588 shares of the business services provider’s stock valued at $1,121,000 after purchasing an additional 137 shares in the last quarter. Paloma Partners Management Co increased its holdings in Global Payments by 4.5% during the 1st quarter. Paloma Partners Management Co now owns 3,180 shares of the business services provider’s stock worth $425,000 after purchasing an additional 138 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its position in shares of Global Payments by 59.6% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 383 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 143 shares in the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on GPN shares. Jefferies Financial Group decreased their price target on shares of Global Payments from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. B. Riley dropped their target price on shares of Global Payments from $204.00 to $194.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. StockNews.com raised shares of Global Payments from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. William Blair lowered Global Payments from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 25th. Finally, BMO Capital Markets reduced their target price on Global Payments from $126.00 to $122.00 and set a “market perform” rating on the stock in a report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $136.50.

Global Payments Trading Down 0.2 %

Shares of NYSE:GPN opened at $116.00 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65. The firm has a market cap of $29.52 billion, a P/E ratio of 21.85, a P/E/G ratio of 0.89 and a beta of 0.97. The company has a 50 day moving average of $105.25 and a 200-day moving average of $103.28. Global Payments Inc. has a twelve month low of $91.60 and a twelve month high of $141.77.

Global Payments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $0.25 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.86%. Global Payments’s payout ratio is currently 18.83%.

Global Payments 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.