Janus Henderson Group PLC Purchases 490,411 Shares of Global Payments Inc. (NYSE:GPN)

Janus Henderson Group PLC grew its holdings in shares of Global Payments Inc. (NYSE:GPN) by 22.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,646,854 shares of the business services provider’s stock after buying an additional 490,411 shares during the period. Janus Henderson Group PLC owned approximately 1.04% of Global Payments worth $271,090,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cromwell Holdings LLC purchased a new position in Global Payments during the third quarter worth about $25,000. Capital Performance Advisors LLP purchased a new stake in shares of Global Payments during the 3rd quarter valued at approximately $33,000. POM Investment Strategies LLC bought a new stake in shares of Global Payments during the 2nd quarter valued at $32,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Global Payments by 59.6% in the third 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 in the last quarter. Finally, Exchange Traded Concepts LLC bought a new position in Global Payments in the 3rd quarter valued at $50,000. 89.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GPN. JPMorgan Chase & Co. decreased their price objective on shares of Global Payments from $118.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 29th. Seaport Res Ptn downgraded shares of Global Payments from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Oppenheimer began coverage on shares of Global Payments in a report on Tuesday, October 1st. They set a “market perform” rating for the company. Royal Bank of Canada lowered their price objective on Global Payments from $143.00 to $130.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Finally, Stephens reduced their price target on shares of Global Payments from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $137.41.

Global Payments Trading Up 0.1 %

Shares of GPN stock opened at $118.25 on Wednesday. The company has a market cap of $30.09 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 0.91 and a beta of 1.00. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93. The stock’s 50 day simple moving average is $107.01 and its two-hundred day simple moving average is $103.89. Global Payments Inc. has a 1 year low of $91.60 and a 1 year high of $141.77.

Global Payments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Friday, December 13th. Global Payments’s payout ratio 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.