Vinva Investment Management Ltd Purchases 187 Shares of Global Payments Inc. (NYSE:GPN)

Vinva Investment Management Ltd increased its position in Global Payments Inc. (NYSE:GPN) by 1.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,215 shares of the business services provider’s stock after acquiring an additional 187 shares during the period. Vinva Investment Management Ltd’s holdings in Global Payments were worth $1,234,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Cromwell Holdings LLC bought a new position in shares of Global Payments in the third quarter worth about $25,000. LRI Investments LLC purchased a new stake in Global Payments during the first quarter valued at approximately $32,000. POM Investment Strategies LLC purchased a new stake in Global Payments during the second quarter valued at approximately $32,000. Capital Performance Advisors LLP purchased a new stake in Global Payments during the third quarter valued at approximately $33,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake 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.

Analysts Set New Price Targets

Several brokerages recently issued reports on GPN. StockNews.com cut Global Payments from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. TD Cowen decreased their price objective on Global Payments from $125.00 to $122.00 and set a “buy” rating for the company in a report on Wednesday, September 25th. Monness Crespi & Hardt decreased their price objective on Global Payments from $165.00 to $155.00 and set a “buy” rating for the company in a report on Wednesday, September 25th. KeyCorp reduced their target price on Global Payments from $145.00 to $135.00 and set an “overweight” rating for the company in a research note on Wednesday, September 25th. Finally, 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. 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 company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $136.57.

Global Payments Stock Performance

Global Payments stock opened at $118.96 on Friday. The business has a 50 day moving average of $106.57 and a 200-day moving average of $103.84. Global Payments Inc. has a 1 year low of $91.60 and a 1 year high of $141.77. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market capitalization of $30.27 billion, a P/E ratio of 22.40, a P/E/G ratio of 0.91 and a beta of 0.97.

Global Payments Announces Dividend

The company 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 0.84%. The ex-dividend date is Friday, December 13th. Global Payments’s dividend payout ratio is currently 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.