Thompson Siegel & Walmsley LLC Reduces Stake in Global Payments Inc. (NYSE:GPN)

Thompson Siegel & Walmsley LLC decreased its position in Global Payments Inc. (NYSE:GPN) by 2.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 650,309 shares of the business services provider’s stock after selling 19,403 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Global Payments were worth $66,605,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Acadian Asset Management LLC bought a new position in Global Payments during the first quarter worth about $166,000. Bessemer Group Inc. grew its position in shares of Global Payments by 0.8% in the first quarter. Bessemer Group Inc. now owns 41,874 shares of the business services provider’s stock valued at $5,597,000 after purchasing an additional 321 shares in the last quarter. MQS Management LLC bought a new position in Global Payments in the 1st quarter worth about $289,000. EntryPoint Capital LLC purchased a new stake in shares of Global Payments in the first quarter worth about $106,000. Finally, Sheaff Brock Investment Advisors LLC bought a new position in shares of Global Payments in the first quarter valued at approximately $898,000. 89.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GPN has been the topic of a number of research analyst reports. Sanford C. Bernstein lowered Global Payments from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $135.00 to $112.00 in a research note on Tuesday, October 22nd. Susquehanna reiterated a “positive” rating and set a $147.00 target price on shares of Global Payments in a research report on Tuesday, September 17th. KeyCorp decreased their price target on shares of Global Payments from $145.00 to $135.00 and set an “overweight” rating on the stock in a report on Wednesday, September 25th. Royal Bank of Canada cut their target price 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. Finally, Morgan Stanley lowered their price target on Global Payments from $164.00 to $156.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 25th. One 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’s stock. According to MarketBeat.com, Global Payments presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.57.

Global Payments Trading Up 0.1 %

Global Payments stock opened at $114.83 on Thursday. The business’s fifty day simple moving average is $105.59 and its two-hundred day simple moving average is $103.42. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $29.22 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 0.88 and a beta of 0.97. Global Payments Inc. has a 12 month low of $91.60 and a 12 month high of $141.77.

Global Payments Announces Dividend

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 dividend payout ratio is presently 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.