B. Riley Wealth Advisors Inc. Buys 819 Shares of Global Payments Inc. (NYSE:GPN)

B. Riley Wealth Advisors Inc. lifted its position in Global Payments Inc. (NYSE:GPN) by 10.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,569 shares of the business services provider’s stock after acquiring an additional 819 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Global Payments were worth $873,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Cromwell Holdings LLC bought a new position in shares of Global Payments during the third quarter worth $25,000. Beaird Harris Wealth Management LLC bought a new stake in shares of Global Payments in the third quarter worth about $25,000. POM Investment Strategies LLC acquired a new stake in shares of Global Payments during the second quarter worth about $32,000. Capital Performance Advisors LLP bought a new position in shares of Global Payments during the 3rd quarter valued at about $33,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in Global Payments by 59.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 383 shares of the business services provider’s stock worth $39,000 after buying an additional 143 shares during the period. Institutional investors own 89.76% of the company’s stock.

Analysts Set New Price Targets

GPN has been the subject of several research analyst reports. BTIG Research cut shares of Global Payments from a “buy” rating to a “neutral” rating in a report on Wednesday, September 25th. JPMorgan Chase & Co. reduced their price objective on Global Payments from $118.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, October 29th. Stephens dropped their target price on 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 upped their price target on Global Payments from $135.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Finally, Monness Crespi & Hardt cut their price objective on shares of Global Payments from $165.00 to $155.00 and set a “buy” rating on the stock in a research report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $138.09.

Global Payments Stock Up 0.6 %

Global Payments stock opened at $114.70 on Wednesday. The firm has a market cap of $29.19 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 0.90 and a beta of 1.00. Global Payments Inc. has a 52-week low of $91.60 and a 52-week high of $141.77. 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 50 day moving average price of $110.39 and a two-hundred day moving average price of $104.77.

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. The ex-dividend date is Friday, December 13th. This represents a $1.00 annualized dividend and a yield of 0.87%. Global Payments’s payout ratio is 18.83%.

Insider Activity at Global Payments

In other Global Payments news, Director Robert H. B. Baldwin, Jr. acquired 5,800 shares of the business’s stock in a transaction on Friday, December 13th. The shares were acquired at an average price of $116.00 per share, with a total value of $672,800.00. Following the completion of the transaction, the director now owns 42,738 shares in the company, valued at approximately $4,957,608. This trade represents a 15.70 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.98% of the stock is owned by corporate insiders.

About Global Payments

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.