B. Metzler seel. Sohn & Co. Holding AG Invests $681,000 in Global Payments Inc. (NYSE:GPN)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Global Payments Inc. (NYSE:GPN) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 6,645 shares of the business services provider’s stock, valued at approximately $681,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pzena Investment Management LLC increased its holdings in 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 buying an additional 4,240,388 shares in the last quarter. Boston Partners increased its stake in Global Payments by 0.3% in the 1st quarter. Boston Partners now owns 4,797,677 shares of the business services provider’s stock valued at $639,967,000 after purchasing an additional 12,196 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Global Payments by 10.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,957,914 shares of the business services provider’s stock worth $189,307,000 after purchasing an additional 193,137 shares during the last quarter. Davis Asset Management L.P. boosted its position in Global Payments by 18.2% during the second quarter. Davis Asset Management L.P. now owns 1,300,000 shares of the business services provider’s stock worth $125,710,000 after purchasing an additional 200,000 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in Global Payments by 188.1% in the second quarter. AQR Capital Management LLC now owns 1,157,728 shares of the business services provider’s stock valued at $109,857,000 after purchasing an additional 755,898 shares during the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Wall Street Analysts Forecast Growth

GPN has been the topic of several recent research reports. William Blair lowered shares of Global Payments from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 25th. Sanford C. Bernstein downgraded shares of Global Payments from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $135.00 to $112.00 in a report on Tuesday, October 22nd. Seaport Res Ptn cut shares of Global Payments from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Jefferies Financial Group reduced their target price on Global Payments from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Finally, Monness Crespi & Hardt dropped their price target on Global Payments from $165.00 to $155.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $136.57.

Global Payments Stock Performance

NYSE GPN opened at $117.08 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93. Global Payments Inc. has a 1-year low of $91.60 and a 1-year high of $141.77. The firm has a market capitalization of $29.80 billion, a P/E ratio of 22.05, a P/E/G ratio of 0.89 and a beta of 0.97. The business’s 50-day simple moving average is $105.86 and its 200-day simple moving average is $103.50.

Global Payments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.00 annualized dividend and a yield of 0.85%. Global Payments’s dividend payout ratio 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.