Braun Stacey Associates Inc. Lowers Stake in Global Payments Inc. (NYSE:GPN)

Braun Stacey Associates Inc. lessened its holdings in Global Payments Inc. (NYSE:GPN) by 74.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,680 shares of the business services provider’s stock after selling 36,516 shares during the period. Braun Stacey Associates Inc.’s holdings in Global Payments were worth $1,299,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Thrivent Financial for Lutherans raised its stake in shares of Global Payments by 5.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 36,436 shares of the business services provider’s stock worth $3,732,000 after buying an additional 1,838 shares during the period. Natixis Advisors LLC increased its holdings in Global Payments by 28.0% in the 3rd quarter. Natixis Advisors LLC now owns 227,484 shares of the business services provider’s stock worth $23,299,000 after acquiring an additional 49,726 shares in the last quarter. Koa Wealth Management LLC raised its position in Global Payments by 6.9% during the third quarter. Koa Wealth Management LLC now owns 19,433 shares of the business services provider’s stock worth $1,990,000 after acquiring an additional 1,248 shares during the period. Empirical Finance LLC lifted its holdings in Global Payments by 1.8% during the third quarter. Empirical Finance LLC now owns 9,222 shares of the business services provider’s stock valued at $945,000 after purchasing an additional 161 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in Global Payments by 19.6% during the third quarter. CIBC Asset Management Inc now owns 50,848 shares of the business services provider’s stock valued at $5,208,000 after purchasing an additional 8,320 shares in the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GPN. Monness Crespi & Hardt reduced their price target on shares of Global Payments from $165.00 to $155.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. B. Riley dropped their price target on Global Payments from $204.00 to $194.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. JPMorgan Chase & Co. decreased their price objective on Global Payments from $118.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, October 29th. BMO Capital Markets dropped their target price on shares of Global Payments from $126.00 to $122.00 and set a “market perform” rating for the company in a report on Wednesday, September 25th. Finally, TD Cowen dropped their price target on Global Payments from $125.00 to $122.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $136.50.

Global Payments Stock Down 0.2 %

Global Payments stock opened at $116.00 on Monday. The firm has a market capitalization of $29.52 billion, a P/E ratio of 21.85, a P/E/G ratio of 0.89 and a beta of 0.97. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65. Global Payments Inc. has a twelve month low of $91.60 and a twelve month high of $141.77. The stock’s fifty day simple moving average is $105.25 and its 200-day simple moving average is $103.28.

Global Payments Announces Dividend

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 presently 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.