Dakota Wealth Management Decreases Stake in Global Payments Inc. (NYSE:GPN)

Dakota Wealth Management reduced its position in Global Payments Inc. (NYSE:GPN) by 1.4% during the fourth quarter, HoldingsChannel reports. The fund owned 39,844 shares of the business services provider’s stock after selling 548 shares during the quarter. Dakota Wealth Management’s holdings in Global Payments were worth $4,465,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. Tidal Investments LLC raised its position in shares of Global Payments by 0.3% in the third quarter. Tidal Investments LLC now owns 26,946 shares of the business services provider’s stock valued at $2,760,000 after purchasing an additional 86 shares during the period. Sage Capital Advisors llc raised its holdings in Global Payments by 0.3% during the 4th quarter. Sage Capital Advisors llc now owns 28,232 shares of the business services provider’s stock valued at $3,164,000 after acquiring an additional 96 shares during the period. SYM FINANCIAL Corp lifted its position in shares of Global Payments by 4.1% during the third quarter. SYM FINANCIAL Corp now owns 2,440 shares of the business services provider’s stock worth $250,000 after acquiring an additional 97 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC boosted its holdings in shares of Global Payments by 1.2% in the third quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 8,210 shares of the business services provider’s stock worth $841,000 after acquiring an additional 98 shares during the period. Finally, Deseret Mutual Benefit Administrators grew its position in shares of Global Payments by 27.2% in the third quarter. Deseret Mutual Benefit Administrators now owns 543 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 116 shares in the last quarter. 89.76% of the stock is owned by hedge funds and other institutional investors.

Global Payments Trading Down 0.0 %

Shares of GPN opened at $108.52 on Thursday. The stock has a market capitalization of $27.62 billion, a P/E ratio of 20.44, a PEG ratio of 0.78 and a beta of 1.00. Global Payments Inc. has a twelve month low of $91.60 and a twelve month high of $141.77. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65. The firm has a fifty day simple moving average of $113.72 and a two-hundred day simple moving average of $107.39.

Global Payments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.00 annualized dividend and a dividend yield of 0.92%. Global Payments’s payout ratio is presently 18.83%.

Analysts Set New Price Targets

GPN has been the topic of a number of recent research reports. Royal Bank of Canada dropped their price objective on Global Payments from $143.00 to $130.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Barclays raised their price objective on shares of Global Payments from $120.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. JPMorgan Chase & Co. decreased their target price on shares of Global Payments from $118.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, October 29th. Keefe, Bruyette & Woods raised their price target on shares of Global Payments from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, StockNews.com raised shares of Global Payments from a “hold” rating to a “buy” rating in a report on Thursday. One analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $135.71.

Insider Buying and Selling

In other Global Payments news, Director Robert H. B. Baldwin, Jr. acquired 5,800 shares of the company’s stock in a transaction on Friday, December 13th. The stock was acquired at an average price of $116.00 per share, for a total transaction of $672,800.00. Following the acquisition, the director now owns 42,738 shares in the company, valued at $4,957,608. This represents a 15.70 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.98% of the stock is owned by insiders.

About Global Payments

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.