Global Payments Inc (NYSE:GPN) has earned a consensus recommendation of “Buy” from the twenty-five analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and eighteen have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $172.47.
GPN has been the topic of several research analyst reports. Deutsche Bank boosted their target price on shares of Global Payments from $162.00 to $182.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Wells Fargo & Co boosted their target price on shares of Global Payments from $180.00 to $185.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Robert W. Baird boosted their target price on shares of Global Payments from $188.00 to $203.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 18th. ValuEngine downgraded shares of Global Payments from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, KeyCorp boosted their target price on shares of Global Payments from $160.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, September 5th.
In other news, Director William I. Jacobs sold 10,980 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $175.27, for a total value of $1,924,464.60. Following the sale, the director now directly owns 40,568 shares of the company’s stock, valued at approximately $7,110,353.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William I. Jacobs sold 600 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $165.05, for a total transaction of $99,030.00. Following the completion of the sale, the director now directly owns 30,188 shares in the company, valued at $4,982,529.40. The disclosure for this sale can be found here. Insiders sold a total of 34,410 shares of company stock worth $5,673,358 over the last ninety days. Insiders own 0.88% of the company’s stock.
Shares of Global Payments stock traded up $2.28 on Friday, reaching $160.84. The stock had a trading volume of 1,248,281 shares, compared to its average volume of 1,545,766. The company has a 50 day moving average price of $162.81 and a 200 day moving average price of $154.57. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.20. Global Payments has a 1 year low of $94.81 and a 1 year high of $175.95. The stock has a market capitalization of $24.84 billion, a P/E ratio of 30.99, a P/E/G ratio of 1.62 and a beta of 1.00.
Global Payments (NYSE:GPN) last issued its quarterly earnings data on Tuesday, July 30th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.05. Global Payments had a net margin of 13.62% and a return on equity of 20.36%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the firm earned $1.29 EPS. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, analysts forecast that Global Payments will post 5.8 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. The ex-dividend date was Thursday, September 12th. Global Payments’s dividend payout ratio (DPR) is currently 0.77%.
Global Payments Company Profile
Global Payments Inc provides payment technology and software solutions for card, electronic, check, and digital-based payments. The company operates in three segments: North America, Europe, and Asia-Pacific. It offers authorization services, settlement and funding services, customer support and help-desk functions, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and statements, and online reporting services.
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