Oppenheimer & Co. Inc. Acquires 102 Shares of Global Payments Inc. (NYSE:GPN)

Oppenheimer & Co. Inc. raised its holdings in Global Payments Inc. (NYSE:GPN) by 0.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,820 shares of the business services provider’s stock after purchasing an additional 102 shares during the period. Oppenheimer & Co. Inc.’s holdings in Global Payments were worth $5,922,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in GPN. New Covenant Trust Company N.A. bought a new position in shares of Global Payments in the first quarter worth $31,000. LRI Investments LLC acquired a new stake in Global Payments during the first quarter worth about $32,000. Cromwell Holdings LLC bought a new position in Global Payments in the 3rd quarter valued at about $25,000. Capital Performance Advisors LLP acquired a new position in shares of Global Payments in the 3rd quarter valued at approximately $33,000. Finally, POM Investment Strategies LLC bought a new stake in shares of Global Payments during the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on GPN. Stephens decreased their price objective on shares of Global Payments from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Friday, October 18th. BNP Paribas upgraded Global Payments to a “strong sell” rating in a research note on Wednesday, September 4th. Sanford C. Bernstein downgraded Global Payments from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $135.00 to $112.00 in a research report on Tuesday, October 22nd. Susquehanna reaffirmed a “positive” rating and issued a $147.00 price objective on shares of Global Payments in a research note on Tuesday, September 17th. Finally, StockNews.com raised Global Payments from a “hold” rating to a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, ten have given a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Global Payments has an average rating of “Moderate Buy” and a consensus target price of $136.50.

Global Payments Trading Up 0.1 %

NYSE GPN opened at $116.21 on Friday. Global Payments Inc. has a 52 week low of $91.60 and a 52 week high of $141.77. The business has a 50 day moving average price of $104.94 and a 200-day moving average price of $103.43. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65. The company has a market cap of $29.57 billion, a price-to-earnings ratio of 21.89, a P/E/G ratio of 0.89 and a beta of 0.97.

Global Payments Dividend Announcement

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