Thompson Siegel & Walmsley LLC Has $66.61 Million Stock Holdings in Global Payments Inc. (NYSE:GPN)

Thompson Siegel & Walmsley LLC reduced its stake in Global Payments Inc. (NYSE:GPN) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 650,309 shares of the business services provider’s stock after selling 19,403 shares during the period. Thompson Siegel & Walmsley LLC owned 0.26% of Global Payments worth $66,605,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Landscape Capital Management L.L.C. raised its holdings in Global Payments by 292.2% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 10,326 shares of the business services provider’s stock valued at $1,058,000 after acquiring an additional 7,693 shares during the period. Aurora Investment Counsel boosted its stake in Global Payments by 3.5% in the 3rd quarter. Aurora Investment Counsel now owns 11,697 shares of the business services provider’s stock valued at $1,198,000 after purchasing an additional 397 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in Global Payments by 62.1% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 88,517 shares of the business services provider’s stock valued at $9,066,000 after buying an additional 33,896 shares in the last quarter. Pzena Investment Management LLC boosted its position in shares of Global Payments by 3.4% in the third quarter. Pzena Investment Management LLC now owns 6,638,862 shares of the business services provider’s stock valued at $679,952,000 after acquiring an additional 215,399 shares during the period. Finally, Retireful LLC bought a new position in Global Payments during the third quarter worth about $610,000. 89.76% of the stock is owned by institutional investors.

Global Payments Price Performance

Shares of NYSE GPN opened at $114.83 on Thursday. The stock has a market cap of $29.22 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 0.88 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. The firm’s 50-day simple moving average is $105.59 and its 200 day simple moving average is $103.42.

Global Payments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a $0.25 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.00 annualized dividend and a dividend yield of 0.87%. Global Payments’s payout ratio is 18.83%.

Wall Street Analysts Forecast Growth

GPN has been the topic of several recent research reports. Jefferies Financial Group lowered 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. Seaport Res Ptn downgraded Global Payments from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. JPMorgan Chase & Co. decreased their price target on Global Payments from $118.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 29th. BNP Paribas raised shares of Global Payments to a “strong sell” rating in a report on Wednesday, September 4th. Finally, Susquehanna reiterated a “positive” rating and set a $147.00 price target on shares of Global Payments in a research report on Tuesday, September 17th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, Global Payments has an average 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.