Global Payments Inc. (NYSE:GPN) Shares Purchased by SkyView Investment Advisors LLC

SkyView Investment Advisors LLC lifted its holdings in Global Payments Inc. (NYSE:GPN) by 5.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,315 shares of the business services provider’s stock after acquiring an additional 280 shares during the period. SkyView Investment Advisors LLC’s holdings in Global Payments were worth $544,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in GPN. Virtu Financial LLC raised its position in Global Payments by 79.4% in the third quarter. Virtu Financial LLC now owns 32,107 shares of the business services provider’s stock valued at $3,288,000 after purchasing an additional 14,212 shares during the period. Toronto Dominion Bank grew its stake in shares of Global Payments by 0.3% in the third quarter. Toronto Dominion Bank now owns 337,378 shares of the business services provider’s stock valued at $34,554,000 after buying an additional 1,116 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in shares of Global Payments by 8.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 20,191 shares of the business services provider’s stock valued at $2,071,000 after buying an additional 1,543 shares during the period. Geode Capital Management LLC lifted its position in Global Payments by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,928,445 shares of the business services provider’s stock worth $605,078,000 after acquiring an additional 31,934 shares in the last quarter. Finally, MidWestOne Financial Group Inc. boosted its holdings in Global Payments by 12.4% in the 3rd quarter. MidWestOne Financial Group Inc. now owns 25,169 shares of the business services provider’s stock worth $2,578,000 after acquiring an additional 2,779 shares during the period. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Global Payments Price Performance

Shares of GPN opened at $115.77 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $29.46 billion, a PE ratio of 21.80, a PEG ratio of 0.90 and a beta of 1.00. Global Payments Inc. has a twelve month low of $91.60 and a twelve month high of $141.77. The firm’s 50 day moving average price is $109.08 and its 200 day moving average price is $104.37.

Global Payments Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on GPN shares. Stephens reduced their target price on shares of Global Payments from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Friday, October 18th. The Goldman Sachs Group boosted their price objective on shares of Global Payments from $135.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. BTIG Research downgraded Global Payments from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 25th. 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. Finally, Seaport Res Ptn downgraded Global Payments from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, Global Payments has a consensus rating of “Moderate Buy” and a consensus target price of $137.41.

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.