SkyView Investment Advisors LLC Boosts Stock Holdings in Global Payments Inc. (NYSE:GPN)

SkyView Investment Advisors LLC increased its stake in Global Payments Inc. (NYSE:GPN) by 5.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,315 shares of the business services provider’s stock after acquiring an additional 280 shares during the period. SkyView Investment Advisors LLC’s holdings in Global Payments were worth $544,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cromwell Holdings LLC purchased a new position in shares of Global Payments in the 3rd quarter valued at about $25,000. Capital Performance Advisors LLP purchased a new position in Global Payments in the third quarter worth approximately $33,000. POM Investment Strategies LLC acquired a new position in Global Payments during the 2nd quarter worth approximately $32,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of Global Payments by 59.6% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 383 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 143 shares during the last quarter. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Global Payments in the 3rd quarter valued at $50,000. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GPN. Seaport Res Ptn downgraded Global Payments from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. B. Riley decreased their price objective on shares of Global Payments from $204.00 to $194.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. BNP Paribas upgraded Global Payments to a “strong sell” rating in a research note on Wednesday, September 4th. Royal Bank of Canada dropped their price objective on shares of Global Payments from $143.00 to $130.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Finally, Jefferies Financial Group lowered their price target on Global Payments from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.41.

Global Payments Price Performance

Global Payments stock opened at $115.77 on Friday. 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 quick ratio of 0.93 and a current ratio of 0.93. The firm has a 50 day moving average price of $109.08 and a 200 day moving average price of $104.37. The company has a market cap of $29.46 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 0.90 and a beta of 1.00.

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 given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Friday, December 13th. Global Payments’s dividend payout ratio (DPR) is currently 18.83%.

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.