First Heartland Consultants Inc. Has $295,000 Stock Holdings in Global Payments Inc. (NYSE:GPN)

First Heartland Consultants Inc. decreased its holdings in shares of Global Payments Inc. (NYSE:GPN) by 55.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,884 shares of the business services provider’s stock after selling 3,519 shares during the period. First Heartland Consultants Inc.’s holdings in Global Payments were worth $295,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Pzena Investment Management LLC increased its position in shares of Global Payments by 194.2% during 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 acquiring an additional 4,240,388 shares during the last quarter. AQR Capital Management LLC grew its position in shares of 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 in the last quarter. Natixis grew its position in shares of Global Payments by 830.2% in the first quarter. Natixis now owns 589,520 shares of the business services provider’s stock valued at $78,795,000 after purchasing an additional 526,143 shares in the last quarter. D. E. Shaw & Co. Inc. grew its position in shares of Global Payments by 316.7% in the second quarter. D. E. Shaw & Co. Inc. now owns 609,939 shares of the business services provider’s stock valued at $58,981,000 after purchasing an additional 463,568 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its stake in Global Payments by 171.6% during the second quarter. Squarepoint Ops LLC now owns 561,314 shares of the business services provider’s stock valued at $54,279,000 after buying an additional 354,648 shares during the period. Institutional investors own 89.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on GPN shares. Susquehanna reissued a “positive” rating and set a $147.00 price objective on shares of Global Payments in a research note on Tuesday, September 17th. Morgan Stanley decreased their price objective on Global Payments from $164.00 to $156.00 and set an “overweight” rating on the stock in a report on Wednesday, September 25th. Seaport Res Ptn downgraded Global Payments from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. BTIG Research downgraded Global Payments from a “buy” rating to a “neutral” rating in a report on Wednesday, September 25th. Finally, Barclays reduced their target price on Global Payments from $145.00 to $120.00 and set an “overweight” rating on the stock in a report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $136.50.

Global Payments Stock Down 0.2 %

Shares of NYSE:GPN opened at $116.07 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market capitalization of $29.54 billion, a PE ratio of 21.86, a price-to-earnings-growth ratio of 0.89 and a beta of 0.97. Global Payments Inc. has a 1 year low of $91.60 and a 1 year high of $141.77. The business has a fifty day moving average price of $104.82 and a two-hundred day moving average price of $103.34.

Global Payments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.00 dividend on an annualized basis and a yield of 0.86%. Global Payments’s dividend payout ratio (DPR) is 18.83%.

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.