Global Payments Inc. (NYSE:GPN) Shares Sold by Huntington National Bank

Huntington National Bank cut its position in shares of Global Payments Inc. (NYSE:GPN) by 25.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,252 shares of the business services provider’s stock after selling 426 shares during the quarter. Huntington National Bank’s holdings in Global Payments were worth $128,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Orion Portfolio Solutions LLC raised its stake in shares of Global Payments by 11.1% during the 1st quarter. Orion Portfolio Solutions LLC now owns 11,814 shares of the business services provider’s stock worth $1,579,000 after buying an additional 1,180 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Global Payments during the first quarter valued at $166,000. Covestor Ltd increased its position in Global Payments by 23.0% during the 1st quarter. Covestor Ltd now owns 888 shares of the business services provider’s stock worth $119,000 after purchasing an additional 166 shares in the last quarter. UniSuper Management Pty Ltd raised its stake in Global Payments by 311.4% in the 1st quarter. UniSuper Management Pty Ltd now owns 10,502 shares of the business services provider’s stock valued at $1,404,000 after purchasing an additional 7,949 shares during the last quarter. Finally, Capitolis Liquid Global Markets LLC purchased a new position in Global Payments in the 1st quarter valued at about $19,113,000. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

Global Payments Stock Down 0.2 %

Shares of NYSE:GPN opened at $116.00 on Monday. The company has a market capitalization of $29.52 billion, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 0.89 and a beta of 0.97. The company has a 50 day moving average of $105.25 and a two-hundred day moving average of $103.28. Global Payments Inc. has a 52-week low of $91.60 and a 52-week high of $141.77. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65.

Global Payments Announces Dividend

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

Analyst Ratings Changes

GPN has been the subject of a number of analyst reports. William Blair lowered shares of Global Payments from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 25th. Barclays cut their price target on Global Payments from $145.00 to $120.00 and set an “overweight” rating for the company in a report on Monday, September 30th. Seaport Res Ptn cut Global Payments from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. StockNews.com upgraded Global Payments from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Finally, Royal Bank of Canada lowered their price target on Global Payments from $143.00 to $130.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, Global Payments currently has an average rating of “Moderate Buy” and an average target price of $136.50.

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.