Public Employees Retirement System of Ohio bought a new position in Global Payments Inc. (NYSE:GPN – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 71,310 shares of the business services provider’s stock, valued at approximately $5,174,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Corient Private Wealth LP acquired a new position in Global Payments in the second quarter valued at approximately $4,427,000. Parallax Volatility Advisers L.P. acquired a new stake in shares of Global Payments during the 2nd quarter worth approximately $410,000. Caisse de depot et placement du Quebec purchased a new position in shares of Global Payments during the 2nd quarter valued at approximately $55,129,000. Jupiter Topco LLC acquired a new position in shares of Global Payments in the 2nd quarter valued at $53,712,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Global Payments in the 2nd quarter valued at $65,864,000. 89.76% of the stock is owned by institutional investors and hedge funds.
Global Payments Price Performance
Shares of NYSE GPN opened at $92.82 on Thursday. The firm has a market cap of $24.56 billion, a PE ratio of -31.15, a PEG ratio of 0.49 and a beta of 0.78. The firm has a fifty day moving average of $83.90 and a 200 day moving average of $75.08. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.82 and a current ratio of 0.82. Global Payments Inc. has a one year low of $61.16 and a one year high of $95.88.
Global Payments Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.00 dividend on an annualized basis and a yield of 1.1%. Global Payments’s dividend payout ratio (DPR) is currently -33.56%.
Analysts Set New Price Targets
GPN has been the topic of several analyst reports. Morgan Stanley restated an “overweight” rating and set a $103.00 price target on shares of Global Payments in a research report on Thursday, August 6th. Barclays set a $89.00 price objective on shares of Global Payments and gave the stock an “equal weight” rating in a research report on Thursday, August 6th. Robert W. Baird set a $120.00 target price on Global Payments in a research report on Thursday, August 6th. Royal Bank Of Canada restated a “sector perform” rating and issued a $106.00 price target (up from $102.00) on shares of Global Payments in a research note on Monday. Finally, Keefe, Bruyette & Woods upped their price target on Global Payments from $76.00 to $95.00 and gave the stock a “market perform” rating in a report on Thursday, August 6th. Nine research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $92.52.
View Our Latest Report on Global Payments
Global Payments Company Profile
Global Payments Inc (NYSE: GPN) is a worldwide provider of payment technology and software solutions that enables commerce for merchants, issuers and enterprises. The company develops and operates payment processing networks, point-of-sale systems and cloud-based software that facilitate electronic transactions across in-store, online and mobile channels. Its services span merchant acquiring, payment gateway services, omnichannel commerce platforms, and solutions for recurring and subscription billing.
Global Payments offers a range of products and services including integrated payment terminals and point-of-sale software, e-commerce and gateway technologies, fraud prevention and tokenization tools, and business analytics and reporting.
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