Sheaff Brock Investment Advisors LLC Has $512,000 Stock Position in Global Payments Inc. (NYSE:GPN)

Sheaff Brock Investment Advisors LLC trimmed its position in Global Payments Inc. (NYSE:GPN) by 15.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,001 shares of the business services provider’s stock after selling 900 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Global Payments were worth $512,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cromwell Holdings LLC bought a new position in Global Payments during the third quarter worth about $25,000. New Covenant Trust Company N.A. bought a new position in shares of Global Payments during the 1st quarter valued at about $31,000. LRI Investments LLC bought a new position in shares of Global Payments during the 1st quarter valued at about $32,000. POM Investment Strategies LLC bought a new position in shares of Global Payments during the 2nd quarter valued at about $32,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Global Payments during the 3rd quarter valued at about $33,000. Institutional investors own 89.76% of the company’s stock.

Global Payments Stock Performance

NYSE:GPN opened at $116.00 on Friday. The stock has a fifty day moving average price of $105.25 and a 200-day moving average price of $103.46. The company has a market cap of $29.52 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 0.89 and a beta of 0.97. 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 Inc. has a fifty-two week low of $91.60 and a fifty-two week high of $141.77.

Global Payments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.00 annualized dividend and a dividend yield of 0.86%. Global Payments’s dividend payout ratio is currently 18.83%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GPN. StockNews.com raised Global Payments from a “hold” rating to a “buy” rating in a research report on Tuesday. Sanford C. Bernstein lowered Global Payments from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $135.00 to $112.00 in a research report on Tuesday, October 22nd. Barclays dropped their target price on Global Payments from $145.00 to $120.00 and set an “overweight” rating on the stock in a research report on Monday, September 30th. Monness Crespi & Hardt dropped their target price on Global Payments from $165.00 to $155.00 and set a “buy” rating on the stock in a research report on Wednesday, September 25th. Finally, TD Cowen dropped their target price on Global Payments from $125.00 to $122.00 and set a “buy” rating on the stock in a research report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.50.

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.