CreativeOne Wealth LLC Takes Position in Global Payments Inc. (NYSE:GPN)

CreativeOne Wealth LLC acquired a new position in Global Payments Inc. (NYSE:GPN) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,158 shares of the business services provider’s stock, valued at approximately $323,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Cromwell Holdings LLC acquired a new position in Global Payments during the third quarter worth $25,000. Capital Performance Advisors LLP purchased a new stake in shares of Global Payments in the 3rd quarter valued at $33,000. POM Investment Strategies LLC acquired a new position in Global Payments during the 2nd quarter worth about $32,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in Global Payments by 59.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 383 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 143 shares during the period. Finally, Exchange Traded Concepts LLC acquired a new position in Global Payments in the 3rd quarter valued at about $50,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Wall Street Analysts Forecast Growth

GPN has been the topic of several research reports. JPMorgan Chase & Co. reduced their price target on shares of Global Payments from $118.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 29th. Jefferies Financial Group decreased their price target on shares of Global Payments from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. StockNews.com raised Global Payments from a “hold” rating to a “buy” rating in a research report on Monday. KeyCorp reduced their price objective on Global Payments from $145.00 to $135.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 25th. Finally, Barclays lowered their target price 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 investment analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, Global Payments presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.41.

Global Payments Price Performance

Shares of GPN opened at $118.13 on Tuesday. 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 stock has a market cap of $30.06 billion, a PE ratio of 22.25, a price-to-earnings-growth ratio of 0.91 and a beta of 0.97. The firm has a fifty day moving average price of $106.57 and a 200 day moving average price of $103.76.

Global Payments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Friday, December 13th. Global Payments’s 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.