First National Trust Co Acquires 393 Shares of Global Payments Inc. (NYSE:GPN)

First National Trust Co lifted its stake in Global Payments Inc. (NYSE:GPN) by 1.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,682 shares of the business services provider’s stock after purchasing an additional 393 shares during the quarter. First National Trust Co’s holdings in Global Payments were worth $3,962,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GPN. Allen Mooney & Barnes Investment Advisors LLC increased its holdings in shares of Global Payments by 1.2% during the third quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 8,210 shares of the business services provider’s stock valued at $841,000 after acquiring an additional 98 shares in the last quarter. Deseret Mutual Benefit Administrators raised its holdings in Global Payments by 27.2% in the third quarter. Deseret Mutual Benefit Administrators now owns 543 shares of the business services provider’s stock worth $56,000 after buying an additional 116 shares during the last quarter. Archford Capital Strategies LLC lifted its stake in shares of Global Payments by 1.2% in the second quarter. Archford Capital Strategies LLC now owns 11,588 shares of the business services provider’s stock worth $1,121,000 after buying an additional 137 shares in the last quarter. Paloma Partners Management Co lifted its position in Global Payments by 4.5% in the 1st quarter. Paloma Partners Management Co now owns 3,180 shares of the business services provider’s stock valued at $425,000 after acquiring an additional 138 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in shares of Global Payments by 59.6% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 383 shares of the business services provider’s stock valued at $39,000 after buying an additional 143 shares during the last quarter. Institutional investors own 89.76% of the company’s stock.

Analyst Upgrades and Downgrades

GPN has been the topic of a number of recent analyst reports. Sanford C. Bernstein downgraded shares of Global Payments from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $135.00 to $112.00 in a report on Tuesday, October 22nd. Jefferies Financial Group dropped their target price on shares of Global Payments from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. StockNews.com lowered shares of Global Payments from a “buy” rating to a “hold” rating in a research note on Thursday, September 26th. KeyCorp dropped their price target on Global Payments from $145.00 to $135.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 25th. Finally, BTIG Research cut Global Payments from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Global Payments currently has an average rating of “Moderate Buy” and an average price target of $136.50.

Global Payments Price Performance

Shares of Global Payments stock opened at $115.44 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65. Global Payments Inc. has a 12 month low of $91.60 and a 12 month high of $141.77. The stock has a 50 day moving average of $104.60 and a 200 day moving average of $103.46. The firm has a market cap of $29.38 billion, a PE ratio of 21.74, a PEG ratio of 0.85 and a beta of 0.97.

Global Payments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Friday, December 13th. Global Payments’s dividend payout ratio (DPR) 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.