Community Bank & Trust Waco Texas Sells 112 Shares of Global Payments Inc. (NYSE:GPN)

Community Bank & Trust Waco Texas lessened its holdings in shares of Global Payments Inc. (NYSE:GPN) by 0.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,114 shares of the business services provider’s stock after selling 112 shares during the period. Community Bank & Trust Waco Texas’ holdings in Global Payments were worth $1,650,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Pzena Investment Management LLC increased its position in shares of Global Payments by 194.2% in the second quarter. Pzena Investment Management LLC now owns 6,423,463 shares of the business services provider’s stock worth $621,149,000 after purchasing an additional 4,240,388 shares during the period. Boston Partners raised its position in shares of Global Payments by 0.3% in the 1st quarter. Boston Partners now owns 4,797,677 shares of the business services provider’s stock valued at $639,967,000 after buying an additional 12,196 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Global Payments by 10.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,957,914 shares of the business services provider’s stock worth $189,307,000 after acquiring an additional 193,137 shares in the last quarter. Davis Asset Management L.P. increased its stake in Global Payments by 18.2% in the second quarter. Davis Asset Management L.P. now owns 1,300,000 shares of the business services provider’s stock valued at $125,710,000 after acquiring an additional 200,000 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in Global Payments by 188.1% during the second quarter. AQR Capital Management LLC now owns 1,157,728 shares of the business services provider’s stock valued at $109,857,000 after purchasing an additional 755,898 shares in the last quarter. 89.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on GPN. Oppenheimer started coverage on Global Payments in a report on Tuesday, October 1st. They set a “market perform” rating for the company. JPMorgan Chase & Co. dropped their target price 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. BNP Paribas upgraded shares of Global Payments to a “strong sell” rating in a research note on Wednesday, September 4th. Monness Crespi & Hardt lowered their price objective on shares of Global Payments from $165.00 to $155.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. Finally, Morgan Stanley cut their target price on shares of Global Payments from $164.00 to $156.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $136.50.

Global Payments Price Performance

Global Payments stock opened at $116.36 on Wednesday. The stock’s 50 day moving average price is $104.69 and its two-hundred day moving average price is $103.40. The stock has a market capitalization of $29.61 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 0.88 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 52-week low of $91.60 and a 52-week high of $141.77.

Global Payments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a $0.25 dividend. 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 (DPR) 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.