BNP PARIBAS ASSET MANAGEMENT Holding S.A. Grows Stake in Global Payments Inc. (NYSE:GPN)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Global Payments Inc. (NYSE:GPN) by 62.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 88,517 shares of the business services provider’s stock after purchasing an additional 33,896 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Global Payments were worth $9,066,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Pzena Investment Management LLC raised its stake in shares of Global Payments by 3.4% in the third quarter. Pzena Investment Management LLC now owns 6,638,862 shares of the business services provider’s stock valued at $679,952,000 after buying an additional 215,399 shares during the period. Retireful LLC purchased a new stake in Global Payments in the 3rd quarter worth about $610,000. Commerce Bank raised its stake in Global Payments by 4.5% in the 3rd quarter. Commerce Bank now owns 14,248 shares of the business services provider’s stock valued at $1,459,000 after acquiring an additional 617 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Global Payments by 1.9% during the third quarter. PNC Financial Services Group Inc. now owns 44,610 shares of the business services provider’s stock valued at $4,569,000 after purchasing an additional 846 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in Global Payments during the third quarter worth about $681,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Analyst Ratings Changes

GPN has been the topic of several research reports. Oppenheimer started coverage on shares of Global Payments in a research report on Tuesday, October 1st. They issued a “market perform” rating on the stock. William Blair downgraded Global Payments from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 25th. StockNews.com lowered Global Payments from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. KeyCorp decreased 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, Monness Crespi & Hardt reduced their target price on Global Payments from $165.00 to $155.00 and set a “buy” rating for the company in a report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, Global Payments has an average rating of “Moderate Buy” and a consensus target price of $136.57.

Global Payments Price Performance

GPN opened at $117.08 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $29.80 billion, a P/E ratio of 22.05, a PEG ratio of 0.89 and a beta of 0.97. The stock has a 50-day moving average price of $105.86 and a 200-day moving average price of $103.45. Global Payments Inc. has a 12-month low of $91.60 and a 12-month high of $141.77.

Global Payments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date 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.