Wilmington Savings Fund Society FSB Has $4.55 Million Stake in Global Payments Inc. (NYSE:GPN)

Wilmington Savings Fund Society FSB raised its stake in shares of Global Payments Inc. (NYSE:GPN) by 24.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 44,394 shares of the business services provider’s stock after purchasing an additional 8,677 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Global Payments were worth $4,547,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Pzena Investment Management LLC boosted its position in shares of Global Payments by 3.4% during the 3rd 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 in the last quarter. Geode Capital Management LLC increased its holdings in shares of Global Payments by 0.5% in the third quarter. Geode Capital Management LLC now owns 5,928,445 shares of the business services provider’s stock valued at $605,078,000 after purchasing an additional 31,934 shares in the last quarter. Janus Henderson Group PLC raised its position in Global Payments by 22.7% in the 3rd quarter. Janus Henderson Group PLC now owns 2,646,854 shares of the business services provider’s stock worth $271,090,000 after purchasing an additional 490,411 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Global Payments by 65.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,982,496 shares of the business services provider’s stock worth $203,047,000 after buying an additional 785,539 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Global Payments by 10.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,957,914 shares of the business services provider’s stock valued at $189,307,000 after buying an additional 193,137 shares during the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Global Payments Stock Down 1.1 %

Shares of NYSE:GPN opened at $115.77 on Friday. The firm has a market cap of $29.46 billion, a P/E ratio of 21.80, a P/E/G ratio of 0.90 and a beta of 1.00. The business has a fifty day simple moving average of $109.44 and a 200 day simple moving average of $104.45. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65. Global Payments Inc. has a 12-month low of $91.60 and a 12-month high of $141.77.

Global Payments Dividend Announcement

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 paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Friday, December 13th. Global Payments’s dividend payout ratio is presently 18.83%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Seaport Res Ptn lowered shares of Global Payments from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. William Blair lowered shares of Global Payments from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 25th. BMO Capital Markets reduced their price target on Global Payments from $126.00 to $122.00 and set a “market perform” rating for the company in a research report on Wednesday, September 25th. The Goldman Sachs Group raised their price objective on Global Payments from $135.00 to $155.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Finally, Royal Bank of Canada lowered their target price on shares of Global Payments from $143.00 to $130.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $137.41.

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.