Holocene Advisors LP Has $7.91 Million Holdings in Global Payments Inc. (NYSE:GPN)

Holocene Advisors LP trimmed its holdings in Global Payments Inc. (NYSE:GPN) by 56.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,259 shares of the business services provider’s stock after selling 99,099 shares during the period. Holocene Advisors LP’s holdings in Global Payments were worth $7,913,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in GPN. Atom Investors LP acquired a new stake in shares of Global Payments during the 3rd quarter worth $1,677,000. Erste Asset Management GmbH bought a new stake in Global Payments during the third quarter worth about $2,009,000. White Knight Strategic Wealth Advisors LLC acquired a new stake in Global Payments during the third quarter worth about $345,000. Verition Fund Management LLC increased its holdings in Global Payments by 388.7% in the 3rd quarter. Verition Fund Management LLC now owns 54,692 shares of the business services provider’s stock valued at $5,602,000 after buying an additional 43,500 shares during the period. Finally, Vinva Investment Management Ltd lifted its holdings in shares of Global Payments by 1.6% during the 3rd quarter. Vinva Investment Management Ltd now owns 12,215 shares of the business services provider’s stock worth $1,234,000 after acquiring an additional 187 shares during the period. 89.76% of the stock is currently owned by institutional investors.

Global Payments Price Performance

Global Payments stock opened at $118.25 on Wednesday. The stock has a market capitalization of $30.09 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 0.91 and a beta of 1.00. Global Payments Inc. has a 52-week low of $91.60 and a 52-week high of $141.77. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93. The stock’s 50 day moving average price is $107.01 and its two-hundred day moving average price is $103.89.

Global Payments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, December 13th. This represents a $1.00 annualized dividend and a dividend yield of 0.85%. Global Payments’s dividend payout ratio is currently 18.83%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GPN. Oppenheimer started coverage on shares of Global Payments in a research note 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. BNP Paribas upgraded Global Payments to a “strong sell” rating in a research report on Wednesday, September 4th. B. Riley lowered their target price on Global Payments from $204.00 to $194.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. Finally, Barclays reduced their price target on shares of Global Payments from $145.00 to $120.00 and set an “overweight” rating on the stock in a research note on Monday, September 30th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seventeen 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 a consensus target price of $137.41.

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.