Global Payments Inc. (NYSE:GPN) Stock Holdings Raised by Atria Investments Inc

Atria Investments Inc lifted its stake in shares of Global Payments Inc. (NYSE:GPN) by 7.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,850 shares of the business services provider’s stock after purchasing an additional 711 shares during the period. Atria Investments Inc’s holdings in Global Payments were worth $1,009,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of GPN. Cromwell Holdings LLC bought a new position in Global Payments during the 3rd quarter worth approximately $25,000. New Covenant Trust Company N.A. bought a new position in Global Payments during the first quarter worth $31,000. LRI Investments LLC acquired a new position in Global Payments in the first quarter worth $32,000. POM Investment Strategies LLC bought a new stake in Global Payments during the second quarter valued at $32,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Global Payments during the third quarter worth $33,000. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on GPN. JPMorgan Chase & Co. decreased their price target on shares of Global Payments from $118.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, October 29th. Susquehanna reiterated a “positive” rating and set a $147.00 price target on shares of Global Payments in a research report on Tuesday, September 17th. Monness Crespi & Hardt reduced their price objective on Global Payments from $165.00 to $155.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. Oppenheimer began coverage on Global Payments in a research report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Finally, Morgan Stanley reduced their price target on shares of Global Payments from $164.00 to $156.00 and set an “overweight” rating for the company in a report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $136.50.

Global Payments Stock Down 0.2 %

GPN stock opened at $116.00 on Monday. The company’s 50 day simple moving average is $105.25 and its 200-day simple moving average is $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 debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization 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.

Global Payments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued 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 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.