Landscape Capital Management L.L.C. Grows Stock Holdings in Global Payments Inc. (NYSE:GPN)

Landscape Capital Management L.L.C. increased its stake in Global Payments Inc. (NYSE:GPN) by 292.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,326 shares of the business services provider’s stock after purchasing an additional 7,693 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Global Payments were worth $1,058,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Acadian Asset Management LLC bought a new stake in shares of Global Payments in the first quarter worth $166,000. Canada Pension Plan Investment Board grew its stake in shares of Global Payments by 62.5% during the 1st quarter. Canada Pension Plan Investment Board now owns 285,954 shares of the business services provider’s stock valued at $38,221,000 after purchasing an additional 109,999 shares during the period. Quadrature Capital Ltd bought a new stake in shares of Global Payments during the 1st quarter valued at about $1,240,000. LRI Investments LLC purchased a new stake in shares of Global Payments during the 1st quarter valued at about $32,000. Finally, Estuary Capital Management LP lifted its stake in shares of Global Payments by 116.9% in the 1st quarter. Estuary Capital Management LP now owns 155,312 shares of the business services provider’s stock worth $20,759,000 after purchasing an additional 83,700 shares during the period. Institutional investors own 89.76% of the company’s stock.

Global Payments Stock Performance

NYSE GPN opened at $117.08 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93. Global Payments Inc. has a 1-year low of $91.60 and a 1-year high of $141.77. The business has a 50 day simple moving average of $105.86 and a two-hundred day simple moving average of $103.56. The stock has a market capitalization of $29.80 billion, a PE ratio of 22.05, a P/E/G ratio of 0.88 and a beta of 0.97.

Global Payments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Friday, December 13th. Global Payments’s dividend payout ratio is presently 18.83%.

Wall Street Analysts Forecast Growth

GPN has been the subject of a number of research reports. Barclays reduced their target price on shares of Global Payments from $145.00 to $120.00 and set an “overweight” rating for the company in a report on Monday, September 30th. KeyCorp reduced their price target on Global Payments from $145.00 to $135.00 and set an “overweight” rating for the company in a research report on Wednesday, September 25th. Susquehanna reaffirmed a “positive” rating and set a $147.00 price objective on shares of Global Payments in a research report on Tuesday, September 17th. William Blair lowered shares of Global Payments from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 25th. Finally, Royal Bank of Canada lowered their price target on shares of Global Payments from $143.00 to $130.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $136.57.

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.