B. Metzler seel. Sohn & Co. Holding AG Buys Shares of 6,645 Global Payments Inc. (NYSE:GPN)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Global Payments Inc. (NYSE:GPN) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 6,645 shares of the business services provider’s stock, valued at approximately $681,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Cromwell Holdings LLC purchased a new stake in shares of Global Payments during the third quarter worth $25,000. New Covenant Trust Company N.A. acquired a new stake in Global Payments in the 1st quarter valued at about $31,000. LRI Investments LLC purchased a new position in shares of Global Payments in the 1st quarter valued at about $32,000. POM Investment Strategies LLC acquired a new position in shares of Global Payments during the second quarter worth about $32,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Global Payments during the third quarter worth approximately $33,000. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. B. Riley lowered their price target on shares of Global Payments from $204.00 to $194.00 and set a “buy” rating for the company in a report on Wednesday, September 25th. JPMorgan Chase & Co. dropped their target price on Global Payments from $118.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, October 29th. TD Cowen decreased their price target on Global Payments from $125.00 to $122.00 and set a “buy” rating for the company in a report on Wednesday, September 25th. BMO Capital Markets dropped their price objective 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. Finally, Royal Bank of Canada decreased their target price on Global Payments from $143.00 to $130.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $136.57.

Global Payments Stock Performance

Shares of GPN opened at $117.08 on Friday. The stock has a market capitalization of $29.80 billion, a P/E ratio of 22.05, a P/E/G ratio of 0.89 and a beta of 0.97. 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 Inc. has a 1 year low of $91.60 and a 1 year high of $141.77. The company’s fifty day moving average is $105.86 and its two-hundred day moving average is $103.50.

Global Payments Dividend Announcement

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. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.00 annualized dividend and a yield of 0.85%. Global Payments’s dividend 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.