Quantinno Capital Management LP Acquires 23,861 Shares of Global Payments Inc. (NYSE:GPN)

Quantinno Capital Management LP increased its holdings in shares of Global Payments Inc. (NYSE:GPN) by 344.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,780 shares of the business services provider’s stock after acquiring an additional 23,861 shares during the quarter. Quantinno Capital Management LP’s holdings in Global Payments were worth $3,153,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Pzena Investment Management LLC increased its holdings 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 valued at $621,149,000 after purchasing an additional 4,240,388 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Global Payments by 65.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,982,496 shares of the business services provider’s stock worth $203,047,000 after buying an additional 785,539 shares during the period. AQR Capital Management LLC grew its stake in Global Payments by 188.1% in the 2nd quarter. AQR Capital Management LLC now owns 1,157,728 shares of the business services provider’s stock valued at $109,857,000 after buying an additional 755,898 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Global Payments by 22.7% in the 3rd quarter. Janus Henderson Group PLC now owns 2,646,854 shares of the business services provider’s stock valued at $271,090,000 after acquiring an additional 490,411 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its position in Global Payments by 316.7% during the second quarter. D. E. Shaw & Co. Inc. now owns 609,939 shares of the business services provider’s stock worth $58,981,000 after acquiring an additional 463,568 shares during the last quarter. Institutional investors own 89.76% of the company’s stock.

Global Payments Stock Down 0.9 %

GPN stock opened at $116.81 on Tuesday. The stock’s 50 day simple moving average is $108.39 and its 200 day simple moving average is $104.19. The company has a market cap of $29.73 billion, a P/E ratio of 22.00, a price-to-earnings-growth ratio of 0.90 and a beta of 1.00. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93. Global Payments Inc. has a fifty-two week low of $91.60 and a fifty-two week high of $141.77.

Global Payments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Friday, December 13th. Global Payments’s payout ratio is 18.83%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. William Blair lowered Global Payments from an “outperform” rating to a “market perform” rating in a research note on Wednesday, September 25th. Morgan Stanley lowered their price objective on Global Payments from $164.00 to $156.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 25th. Royal Bank of Canada decreased their price target on shares of Global Payments from $143.00 to $130.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Jefferies Financial Group lowered their price target on shares of Global Payments from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Finally, BNP Paribas raised shares of Global Payments to a “strong sell” rating in a report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, Global Payments presently has an average rating of “Moderate Buy” and an average price target of $137.41.

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.