National Bank of Canada FI Grows Stock Position in Global Payments Inc. (NYSE:GPN)

National Bank of Canada FI boosted its stake in shares of Global Payments Inc. (NYSE:GPN) by 82.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 130,916 shares of the business services provider’s stock after acquiring an additional 59,137 shares during the quarter. National Bank of Canada FI owned 0.05% of Global Payments worth $13,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of GPN. Stanley Capital Management LLC grew its holdings in shares of Global Payments by 18.9% in the second quarter. Stanley Capital Management LLC now owns 125,608 shares of the business services provider’s stock worth $12,146,000 after purchasing an additional 20,000 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Global Payments by 65.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,982,496 shares of the business services provider’s stock worth $203,047,000 after acquiring an additional 785,539 shares during the last quarter. Entropy Technologies LP purchased a new position in shares of Global Payments in the third quarter valued at about $562,000. Gradient Investments LLC raised its stake in shares of Global Payments by 20.6% during the second quarter. Gradient Investments LLC now owns 172,939 shares of the business services provider’s stock valued at $16,723,000 after acquiring an additional 29,503 shares during the last quarter. Finally, Poplar Forest Capital LLC purchased a new stake in shares of Global Payments during the third quarter worth about $13,184,000. 89.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GPN has been the subject of a number of recent analyst reports. William Blair lowered Global Payments from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 25th. Susquehanna reaffirmed a “positive” rating and issued a $147.00 price target on shares of Global Payments in a research note on Tuesday, September 17th. Royal Bank of Canada reduced their price objective on shares of Global Payments from $143.00 to $130.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Barclays dropped their target price on shares of Global Payments from $145.00 to $120.00 and set an “overweight” rating for the company in a research report on Monday, September 30th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Global Payments from $118.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, Global Payments presently has an average rating of “Moderate Buy” and an average target price of $137.41.

Global Payments Trading Down 0.9 %

Shares of NYSE:GPN opened at $115.76 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93. Global Payments Inc. has a 1 year low of $91.60 and a 1 year high of $141.77. The company has a market cap of $29.46 billion, a P/E ratio of 21.80, a PEG ratio of 0.90 and a beta of 1.00. The stock’s fifty day moving average price is $108.39 and its 200-day moving average price is $104.19.

Global Payments Dividend Announcement

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