Landscape Capital Management L.L.C. Buys 7,693 Shares of Global Payments Inc. (NYSE:GPN)

Landscape Capital Management L.L.C. raised its stake in shares of Global Payments Inc. (NYSE:GPN) by 292.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,326 shares of the business services provider’s stock after purchasing an additional 7,693 shares during the period. Landscape Capital Management L.L.C.’s holdings in Global Payments were worth $1,058,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Cromwell Holdings LLC bought a new stake in Global Payments in the third quarter worth $25,000. New Covenant Trust Company N.A. bought a new stake in shares of Global Payments in the 1st quarter worth about $31,000. LRI Investments LLC purchased a new position in shares of Global Payments during the 1st quarter worth about $32,000. POM Investment Strategies LLC bought a new position in Global Payments during the 2nd quarter valued at about $32,000. Finally, Capital Performance Advisors LLP purchased a new stake in Global Payments in the 3rd quarter worth about $33,000. 89.76% of the stock is owned by institutional investors.

Global Payments Price Performance

GPN opened at $117.08 on Friday. The firm has a market capitalization of $29.80 billion, a PE ratio of 22.05, a price-to-earnings-growth ratio of 0.88 and a beta of 0.97. 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 business’s 50-day moving average is $105.86 and its two-hundred day moving average is $103.56. Global Payments Inc. has a 1 year low of $91.60 and a 1 year high of $141.77.

Global Payments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis 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%.

Wall Street Analysts Forecast Growth

GPN has been the topic of a number of analyst reports. Stephens cut their target price on Global Payments from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Friday, October 18th. Seaport Res Ptn downgraded Global Payments from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. BNP Paribas upgraded Global Payments to a “strong sell” rating in a research report on Wednesday, September 4th. Barclays cut their price target on shares of Global Payments from $145.00 to $120.00 and set an “overweight” rating on the stock in a report on Monday, September 30th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Global Payments from $118.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday, October 29th. One 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $136.57.

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.