Global Payments Inc. (NYSE:GPN) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC lifted its holdings in shares of Global Payments Inc. (NYSE:GPN) by 28.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 227,484 shares of the business services provider’s stock after acquiring an additional 49,726 shares during the period. Natixis Advisors LLC’s holdings in Global Payments were worth $23,299,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. StockNews.com upgraded shares of Global Payments from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Royal Bank of Canada reduced their target price on Global Payments from $143.00 to $130.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. JPMorgan Chase & Co. dropped their price target on Global Payments from $118.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, October 29th. BTIG Research lowered Global Payments from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 25th. Finally, Oppenheimer assumed coverage on shares of Global Payments in a research report on Tuesday, October 1st. They set a “market perform” rating for the company. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $136.50.

Global Payments Stock Performance

Global Payments stock opened at $116.06 on Tuesday. Global Payments Inc. has a 52 week low of $91.60 and a 52 week high of $141.77. 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 stock has a market cap of $29.54 billion, a P/E ratio of 21.86, a price-to-earnings-growth ratio of 0.89 and a beta of 0.97. The stock has a 50 day moving average of $105.37 and a 200-day moving average of $103.32.

Global Payments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.86%. The ex-dividend date is Friday, December 13th. Global Payments’s dividend payout ratio is currently 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.