Brown Financial Advisors Has $874,000 Position in Global Payments Inc. (NYSE:GPN)

Brown Financial Advisors lowered its position in Global Payments Inc. (NYSE:GPN) by 26.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,529 shares of the business services provider’s stock after selling 3,137 shares during the quarter. Brown Financial Advisors’ holdings in Global Payments were worth $874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in GPN. Cromwell Holdings LLC acquired a new position in shares of Global Payments in the third quarter valued at approximately $25,000. POM Investment Strategies LLC acquired a new position in shares of Global Payments in the second quarter valued at approximately $32,000. Capital Performance Advisors LLP acquired a new stake in Global Payments during the 3rd quarter valued at approximately $33,000. Whittier Trust Co. of Nevada Inc. increased its position in Global Payments by 59.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 383 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 143 shares during the period. Finally, Quarry LP increased its position in Global Payments by 134.4% during the 2nd quarter. Quarry LP now owns 511 shares of the business services provider’s stock valued at $49,000 after purchasing an additional 293 shares during the period. Institutional investors and hedge funds own 89.76% of the company’s stock.

Global Payments Price Performance

Shares of GPN opened at $115.76 on Wednesday. Global Payments Inc. has a 12-month low of $91.60 and a 12-month high of $141.77. The business’s fifty day moving average is $108.39 and its 200 day moving average is $104.19. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65. The stock has a market cap of $29.46 billion, a P/E ratio of 21.80, a P/E/G ratio of 0.90 and a beta of 1.00.

Global Payments Announces Dividend

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 paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Friday, December 13th. Global Payments’s dividend payout ratio (DPR) is presently 18.83%.

Analyst Ratings Changes

GPN has been the subject of a number of recent analyst reports. William Blair downgraded shares of Global Payments from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 25th. BMO Capital Markets decreased their target price on shares of Global Payments from $126.00 to $122.00 and set a “market perform” rating for the company in a research report on Wednesday, September 25th. BTIG Research downgraded shares of Global Payments from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 25th. JPMorgan Chase & Co. decreased their target price on shares of Global Payments from $118.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, October 29th. Finally, Sanford C. Bernstein downgraded shares of Global Payments from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $135.00 to $112.00 in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $137.41.

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.