OneDigital Investment Advisors LLC Increases Position in Global Payments Inc. (NYSE:GPN)

OneDigital Investment Advisors LLC lifted its position in shares of Global Payments Inc. (NYSE:GPN) by 93.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,582 shares of the business services provider’s stock after purchasing an additional 7,529 shares during the period. OneDigital Investment Advisors LLC’s holdings in Global Payments were worth $1,596,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pzena Investment Management LLC boosted its position in shares of Global Payments by 194.2% during the 2nd quarter. Pzena Investment Management LLC now owns 6,423,463 shares of the business services provider’s stock worth $621,149,000 after acquiring an additional 4,240,388 shares in the last quarter. Boston Partners raised its position in shares of Global Payments by 0.3% during the 1st quarter. Boston Partners now owns 4,797,677 shares of the business services provider’s stock worth $639,967,000 after acquiring an additional 12,196 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake 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 holdings in Global Payments by 18.2% in the second quarter. Davis Asset Management L.P. now owns 1,300,000 shares of the business services provider’s stock valued at $125,710,000 after purchasing an additional 200,000 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake 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.

Analyst Ratings Changes

Several brokerages have recently issued reports on GPN. BMO Capital Markets lowered their target price on shares of Global Payments from $126.00 to $122.00 and set a “market perform” rating for the company in a report on Wednesday, September 25th. Barclays dropped their price objective on Global Payments from $145.00 to $120.00 and set an “overweight” rating on the stock in a report on Monday, September 30th. Morgan Stanley decreased their target price on Global Payments from $164.00 to $156.00 and set an “overweight” rating for the company in a research report on Wednesday, September 25th. KeyCorp cut their price target on Global Payments from $145.00 to $135.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 25th. Finally, Sanford C. Bernstein lowered shares of Global Payments from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $135.00 to $112.00 in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $136.50.

Global Payments Price Performance

Shares of NYSE:GPN opened at $116.00 on Monday. Global Payments Inc. has a one year low of $91.60 and a one year high of $141.77. The stock has a market cap of $29.52 billion, a PE ratio of 21.85, a price-to-earnings-growth ratio of 0.89 and a beta of 0.97. The business’s fifty day moving average price is $105.25 and its two-hundred day moving average price is $103.28. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93.

Global Payments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Friday, December 13th. Global Payments’s payout ratio is 18.83%.

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.