B. Riley Wealth Advisors Inc. Purchases 819 Shares of Global Payments Inc. (NYSE:GPN)

B. Riley Wealth Advisors Inc. boosted its position in Global Payments Inc. (NYSE:GPN) by 10.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,569 shares of the business services provider’s stock after purchasing an additional 819 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Global Payments were worth $873,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in GPN. Cromwell Holdings LLC bought a new position in Global Payments in the third quarter worth approximately $25,000. Beaird Harris Wealth Management LLC bought a new position in Global Payments in the 3rd quarter worth $25,000. POM Investment Strategies LLC purchased a new position in Global Payments during the second quarter valued at $32,000. Capital Performance Advisors LLP bought a new stake in Global Payments during the third quarter valued at about $33,000. Finally, Whittier Trust Co. of Nevada Inc. increased its position in Global Payments by 59.6% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 383 shares of the business services provider’s stock worth $39,000 after buying an additional 143 shares in the last quarter. 89.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on GPN shares. Stephens lowered their price objective on Global Payments from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Friday, October 18th. Royal Bank of Canada dropped their price target on shares of Global Payments from $143.00 to $130.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. JPMorgan Chase & Co. cut their price target on Global Payments from $118.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, October 29th. BNP Paribas raised Global Payments to a “strong sell” rating in a report on Wednesday, September 4th. Finally, Barclays upped their price objective on Global Payments from $120.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $138.09.

Insider Activity

In other Global Payments news, Director Robert H. B. Baldwin, Jr. purchased 5,800 shares of the stock in a transaction dated Friday, December 13th. The stock was bought at an average price of $116.00 per share, for a total transaction of $672,800.00. Following the transaction, the director now directly owns 42,738 shares in the company, valued at $4,957,608. This represents a 15.70 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.98% of the company’s stock.

Global Payments Stock Up 0.6 %

NYSE GPN opened at $114.70 on Wednesday. Global Payments Inc. has a twelve month low of $91.60 and a twelve month high of $141.77. The stock has a market cap of $29.19 billion, a PE ratio of 21.60, a PEG ratio of 0.90 and a beta of 1.00. The firm has a 50-day simple moving average of $110.39 and a 200 day simple moving average of $104.77. 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 Announces Dividend

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 given a $0.25 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.00 dividend on an annualized basis and a yield of 0.87%. Global Payments’s payout ratio is 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.