Global Payments Inc. (NYSE:GPN) Shares Bought by Empirical Finance LLC

Empirical Finance LLC grew its stake in Global Payments Inc. (NYSE:GPN) by 1.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,222 shares of the business services provider’s stock after purchasing an additional 161 shares during the quarter. Empirical Finance LLC’s holdings in Global Payments were worth $945,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. New Covenant Trust Company N.A. acquired a new stake in Global Payments during the first quarter valued at approximately $31,000. LRI Investments LLC acquired a new stake in shares of Global Payments during the 1st quarter valued at approximately $32,000. Cromwell Holdings LLC bought a new position in Global Payments during the third quarter worth $25,000. Capital Performance Advisors LLP acquired a new position in Global Payments in the third quarter worth $33,000. Finally, POM Investment Strategies LLC bought a new stake in Global Payments during the second quarter valued at $32,000. Institutional investors own 89.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GPN. William Blair downgraded shares of Global Payments from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 25th. BNP Paribas upgraded Global Payments to a “strong sell” rating in a research note on Wednesday, September 4th. Jefferies Financial Group dropped their price target on Global Payments from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Barclays reduced their price objective on Global Payments from $145.00 to $120.00 and set an “overweight” rating for the company in a research report on Monday, September 30th. Finally, B. Riley dropped their target price on Global Payments from $204.00 to $194.00 and set a “buy” rating on the stock in a research report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, Global Payments presently has an average rating of “Moderate Buy” and an average target price of $136.50.

Global Payments Trading Down 0.2 %

Shares of Global Payments stock opened at $116.00 on Friday. The business has a fifty day simple moving average of $105.25 and a 200-day simple moving average of $103.32. Global Payments Inc. has a fifty-two week low of $91.60 and a fifty-two week high of $141.77. The firm has a market cap of $29.52 billion, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 0.89 and a beta of 0.97. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date is Friday, December 13th. Global Payments’s payout ratio is 18.83%.

Global Payments 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.