5,483 Shares in Global Payments Inc. (NYSE:GPN) Bought by Entropy Technologies LP

Entropy Technologies LP acquired a new stake in shares of Global Payments Inc. (NYSE:GPN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,483 shares of the business services provider’s stock, valued at approximately $562,000.

A number of other hedge funds have also recently modified their holdings of GPN. New Covenant Trust Company N.A. bought a new stake in shares of Global Payments in the 1st quarter worth approximately $31,000. LRI Investments LLC purchased a new position in Global Payments during the first quarter valued at $32,000. Cromwell Holdings LLC bought a new stake in Global Payments in the third quarter worth $25,000. Capital Performance Advisors LLP purchased a new stake in shares of Global Payments in the third quarter worth $33,000. Finally, POM Investment Strategies LLC bought a new position in shares of Global Payments during the second quarter valued at $32,000. Institutional investors own 89.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on GPN shares. Morgan Stanley dropped their price target on shares of 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 cut shares of Global Payments from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. Sanford C. Bernstein downgraded shares of Global Payments from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $135.00 to $112.00 in a research report on Tuesday, October 22nd. TD Cowen lowered their price objective on Global Payments from $125.00 to $122.00 and set a “buy” rating on the stock in a research report on Wednesday, September 25th. Finally, Stephens reduced their target price on Global Payments from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, Global Payments has an average rating of “Moderate Buy” and an average target price of $136.50.

Global Payments Price Performance

NYSE GPN opened at $116.00 on Friday. The business’s fifty day moving average is $105.09 and its 200 day moving average is $103.52. The company has a market capitalization of $29.52 billion, a PE ratio of 21.85, a price-to-earnings-growth ratio of 0.89 and a beta of 0.97. Global Payments Inc. has a fifty-two week low of $91.60 and a fifty-two week 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 Dividend Announcement

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