Atria Investments Inc Has $1.01 Million Stock Holdings in Global Payments Inc. (NYSE:GPN)

Atria Investments Inc boosted its stake in Global Payments Inc. (NYSE:GPN) by 7.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,850 shares of the business services provider’s stock after buying an additional 711 shares during the quarter. Atria Investments Inc’s holdings in Global Payments were worth $1,009,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. New Covenant Trust Company N.A. purchased a new stake in shares of Global Payments during the first quarter worth $31,000. LRI Investments LLC acquired a new position in Global Payments in the 1st quarter worth about $32,000. Cromwell Holdings LLC purchased a new stake in shares of Global Payments during the 3rd quarter worth about $25,000. Capital Performance Advisors LLP purchased a new stake in shares of Global Payments during the 3rd quarter worth about $33,000. Finally, POM Investment Strategies LLC bought a new stake in shares of Global Payments in the 2nd quarter valued at approximately $32,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

Global Payments Stock Down 0.2 %

Shares of GPN opened at $116.00 on Monday. Global Payments Inc. has a 12 month low of $91.60 and a 12 month high of $141.77. The stock has a market cap of $29.52 billion, a price-to-earnings ratio of 21.85, a P/E/G ratio of 0.89 and a beta of 0.97. The company has a 50-day moving average price of $105.25 and a two-hundred day moving average price of $103.28. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.86%. The ex-dividend date is Friday, December 13th. Global Payments’s dividend payout ratio is 18.83%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Sanford C. Bernstein lowered shares of Global Payments from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $135.00 to $112.00 in a research report on Tuesday, October 22nd. Stephens cut their price target on shares of Global Payments from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Friday, October 18th. Royal Bank of Canada decreased their price objective on shares of Global Payments from $143.00 to $130.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Jefferies Financial Group lowered their target price 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, 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. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $136.50.

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.