Daiwa Securities Group Inc. Purchases 3,389 Shares of Global Payments Inc. (NYSE:GPN)

Daiwa Securities Group Inc. increased its holdings in Global Payments Inc. (NYSE:GPN) by 11.0% during the 3rd quarter, Holdings Channel reports. The firm owned 34,101 shares of the business services provider’s stock after buying an additional 3,389 shares during the period. Daiwa Securities Group Inc.’s holdings in Global Payments were worth $3,493,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. New Covenant Trust Company N.A. bought a new position in Global Payments in the 1st quarter worth $31,000. LRI Investments LLC bought a new position in Global Payments in the first quarter worth about $32,000. Cromwell Holdings LLC purchased a new stake in Global Payments in the third quarter worth about $25,000. Capital Performance Advisors LLP bought a new stake in Global Payments during the 3rd quarter valued at approximately $33,000. Finally, POM Investment Strategies LLC purchased a new position in shares of Global Payments during the 2nd quarter worth approximately $32,000. 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 commented on GPN shares. BMO Capital Markets lowered their target price on Global Payments from $126.00 to $122.00 and set a “market perform” rating for the company in a research note on Wednesday, September 25th. TD Cowen dropped their target price on shares of Global Payments from $125.00 to $122.00 and set a “buy” rating on the stock in a report on Wednesday, September 25th. Susquehanna reaffirmed a “positive” rating and issued a $147.00 target price on shares of Global Payments in a research report on Tuesday, September 17th. StockNews.com cut shares of Global Payments from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Jefferies Financial Group cut their price objective on shares of Global Payments from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Global Payments has an average rating of “Moderate Buy” and an average price target of $136.57.

Global Payments Stock Up 1.6 %

Shares of Global Payments stock opened at $119.36 on Thursday. The company has a quick ratio of 0.93, a current 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 company has a market cap of $30.38 billion, a price-to-earnings ratio of 22.48, a price-to-earnings-growth ratio of 0.91 and a beta of 0.97. The company’s 50 day moving average is $106.28 and its 200 day moving average is $103.67.

Global Payments Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.84%. Global Payments’s dividend payout ratio (DPR) is currently 18.83%.

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.