Vinva Investment Management Ltd Increases Stake in Global Payments Inc. (NYSE:GPN)

Vinva Investment Management Ltd boosted its stake in Global Payments Inc. (NYSE:GPN) by 1.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,215 shares of the business services provider’s stock after purchasing an additional 187 shares during the quarter. Vinva Investment Management Ltd’s holdings in Global Payments were worth $1,234,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Stanley Capital Management LLC boosted its position in shares of Global Payments by 18.9% during the 2nd quarter. Stanley Capital Management LLC now owns 125,608 shares of the business services provider’s stock valued at $12,146,000 after acquiring an additional 20,000 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Global Payments by 65.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,982,496 shares of the business services provider’s stock valued at $203,047,000 after acquiring an additional 785,539 shares during the last quarter. Entropy Technologies LP bought a new stake in shares of Global Payments during the 3rd quarter valued at about $562,000. Gradient Investments LLC boosted its position in shares of Global Payments by 20.6% during the 2nd 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 bought a new stake in shares of Global Payments during the 3rd quarter valued at about $13,184,000. Institutional investors own 89.76% of the company’s stock.

Global Payments Stock Performance

Shares of GPN stock opened at $118.96 on Friday. The stock has a fifty day moving average of $106.57 and a 200 day moving average of $103.84. Global Payments Inc. has a 52 week low of $91.60 and a 52 week high of $141.77. The firm has a market capitalization of $30.27 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 0.91 and a beta of 0.97. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65.

Global Payments Dividend Announcement

The company 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 $0.25 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.00 dividend on an annualized basis and a yield of 0.84%. Global Payments’s dividend payout ratio (DPR) is 18.83%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GPN. Monness Crespi & Hardt dropped their price target 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 set a “market perform” rating for the company. JPMorgan Chase & Co. dropped their target price on Global Payments from $118.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, October 29th. Barclays dropped their target price on 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, Susquehanna restated a “positive” rating and issued a $147.00 target price on shares of Global Payments in a research report on Tuesday, September 17th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $136.57.

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.