V Square Quantitative Management LLC Acquires 283 Shares of Global Payments Inc. (NYSE:GPN)

V Square Quantitative Management LLC increased its holdings in Global Payments Inc. (NYSE:GPN) by 12.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,540 shares of the business services provider’s stock after purchasing an additional 283 shares during the quarter. V Square Quantitative Management LLC’s holdings in Global Payments were worth $260,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Global Payments by 1.8% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,770 shares of the business services provider’s stock valued at $2,742,000 after acquiring an additional 483 shares during the period. nVerses Capital LLC bought a new stake in Global Payments during the third quarter valued at about $307,000. Hengehold Capital Management LLC boosted its position in Global Payments by 25.1% during the third quarter. Hengehold Capital Management LLC now owns 3,400 shares of the business services provider’s stock valued at $348,000 after purchasing an additional 683 shares in the last quarter. Vontobel Holding Ltd. grew its stake in Global Payments by 19.7% in the third quarter. Vontobel Holding Ltd. now owns 44,432 shares of the business services provider’s stock valued at $4,551,000 after purchasing an additional 7,298 shares during the last quarter. Finally, McKinley Carter Wealth Services Inc. raised its holdings in Global Payments by 2.0% in the third quarter. McKinley Carter Wealth Services Inc. now owns 51,987 shares of the business services provider’s stock worth $5,325,000 after purchasing an additional 1,039 shares in the last quarter. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Seaport Res Ptn downgraded shares of Global Payments from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Oppenheimer initiated coverage on shares of Global Payments in a report on Tuesday, October 1st. They issued a “market perform” rating on the stock. BTIG Research lowered Global Payments from a “buy” rating to a “neutral” rating in a report on Wednesday, September 25th. KeyCorp lowered their price objective 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. Finally, Barclays decreased their price target on Global Payments from $145.00 to $120.00 and set an “overweight” rating for the company in a research note on Monday, September 30th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Global Payments currently has a consensus rating of “Moderate Buy” and an average target price of $138.82.

Insider Buying and Selling

In other Global Payments news, CAO David M. Sheffield sold 1,651 shares of Global Payments stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $100.73, for a total value of $166,305.23. Following the completion of the transaction, the chief accounting officer now owns 20,531 shares of the company’s stock, valued at approximately $2,068,087.63. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.98% of the stock is currently owned by insiders.

Global Payments Price Performance

Shares of GPN opened at $102.31 on Monday. The business’s 50-day moving average is $105.89 and its two-hundred day moving average is $105.67. The company has a market capitalization of $26.11 billion, a P/E ratio of 20.30, a P/E/G ratio of 0.74 and a beta of 0.98. 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 debt-to-equity ratio of 0.68, a quick ratio of 0.92 and a current ratio of 0.92.

Global Payments (NYSE:GPN) last issued its earnings results on Wednesday, August 7th. The business services provider reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $0.03. The firm had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.32 billion. Global Payments had a return on equity of 11.93% and a net margin of 14.26%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.48 earnings per share. Research analysts predict that Global Payments Inc. will post 11.07 earnings per share for the current year.

Global Payments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Friday, September 13th. Global Payments’s dividend payout ratio (DPR) is 19.84%.

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.