OneDigital Investment Advisors LLC Raises Stake in Global Payments Inc. (NYSE:GPN)

OneDigital Investment Advisors LLC boosted its holdings in shares of Global Payments Inc. (NYSE:GPN) by 93.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,582 shares of the business services provider’s stock after buying an additional 7,529 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Global Payments were worth $1,596,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Pzena Investment Management LLC boosted its stake in shares of Global Payments by 194.2% in the second quarter. Pzena Investment Management LLC now owns 6,423,463 shares of the business services provider’s stock worth $621,149,000 after buying an additional 4,240,388 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Global Payments by 188.1% in the second quarter. AQR Capital Management LLC now owns 1,157,728 shares of the business services provider’s stock valued at $109,857,000 after acquiring an additional 755,898 shares during the period. Natixis boosted its position in Global Payments by 830.2% in the 1st quarter. Natixis now owns 589,520 shares of the business services provider’s stock worth $78,795,000 after purchasing an additional 526,143 shares in the last quarter. D. E. Shaw & Co. Inc. grew its stake in shares of Global Payments by 316.7% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 609,939 shares of the business services provider’s stock worth $58,981,000 after purchasing an additional 463,568 shares during the period. Finally, Squarepoint Ops LLC increased its holdings in shares of Global Payments by 171.6% during the 2nd quarter. Squarepoint Ops LLC now owns 561,314 shares of the business services provider’s stock valued at $54,279,000 after purchasing an additional 354,648 shares in the last quarter. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Barclays lowered their price target on shares of Global Payments from $145.00 to $120.00 and set an “overweight” rating on the stock in a report on Monday, September 30th. StockNews.com raised shares of Global Payments from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. cut their price target on Global Payments from $118.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, October 29th. BTIG Research downgraded Global Payments from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 25th. Finally, Jefferies Financial Group cut their price objective on Global Payments from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. One investment 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. Based on data from MarketBeat, Global Payments presently has an average rating of “Moderate Buy” and a consensus target price of $136.50.

Global Payments Price Performance

Shares of GPN opened at $116.00 on Monday. The company has a market cap of $29.52 billion, a P/E ratio of 21.85, a PEG ratio of 0.89 and a beta of 0.97. Global Payments Inc. has a fifty-two week low of $91.60 and a fifty-two week high of $141.77. 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 firm’s 50 day moving average price is $105.25 and its 200 day moving average price is $103.28.

Global Payments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid 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 payout ratio is currently 18.83%.

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.