BIP Wealth LLC Sells 200 Shares of Global Payments Inc. (NYSE:GPN)

BIP Wealth LLC cut its stake in shares of Global Payments Inc. (NYSE:GPN) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,387 shares of the business services provider’s stock after selling 200 shares during the quarter. BIP Wealth LLC’s holdings in Global Payments were worth $1,166,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. New Covenant Trust Company N.A. acquired a new stake in shares of Global Payments in the 1st quarter valued at about $31,000. LRI Investments LLC bought a new stake in shares of Global Payments during the first quarter valued at approximately $32,000. Cromwell Holdings LLC bought a new stake in shares of Global Payments during the third quarter valued at approximately $25,000. Capital Performance Advisors LLP acquired a new position in shares of Global Payments during the third quarter worth approximately $33,000. Finally, POM Investment Strategies LLC bought a new position in shares of Global Payments in the 2nd quarter worth $32,000. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Global Payments Stock Up 0.1 %

Shares of NYSE:GPN opened at $116.06 on Tuesday. The firm has a fifty day moving average price of $105.37 and a two-hundred day moving average price of $103.32. The company has a market cap of $29.54 billion, a price-to-earnings ratio of 21.86, a PEG ratio of 0.89 and a beta of 0.97. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93. Global Payments Inc. has a one year low of $91.60 and a one year high of $141.77.

Global Payments Dividend Announcement

The business 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 $0.25 dividend. 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 currently 18.83%.

Analysts Set New Price Targets

GPN has been the topic of several research reports. Monness Crespi & Hardt lowered their price objective on shares of Global Payments from $165.00 to $155.00 and set a “buy” rating on the stock in a report on Wednesday, September 25th. KeyCorp decreased their price objective on Global Payments from $145.00 to $135.00 and set an “overweight” rating for the company in a report on Wednesday, September 25th. BTIG Research lowered Global Payments from a “buy” rating to a “neutral” rating in a report on Wednesday, September 25th. Susquehanna reissued a “positive” rating and issued a $147.00 price target on shares of Global Payments in a research report on Tuesday, September 17th. Finally, Barclays dropped their price objective on Global Payments from $145.00 to $120.00 and set an “overweight” rating on the stock in a research note on Monday, September 30th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $136.50.

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.