Global Payments Inc (NYSE:GPN) declared a dividend on Thursday, October 31st, Fidelity reports. Stockholders of record on Friday, December 13th will be given a dividend of 0.195 per share by the business services provider on Friday, December 27th. The ex-dividend date of this dividend is Thursday, December 12th. This is a positive change from Global Payments’s previous dividend of $0.01.
Shares of GPN traded down $1.28 during midday trading on Tuesday, hitting $173.90. 2,121,776 shares of the stock were exchanged, compared to its average volume of 1,381,322. The firm has a market cap of $53.09 billion, a P/E ratio of 33.51, a P/E/G ratio of 1.75 and a beta of 0.98. The stock has a fifty day simple moving average of $172.63 and a 200 day simple moving average of $164.07. Global Payments has a 52-week low of $94.81 and a 52-week high of $182.13. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.17 and a current ratio of 1.17.
Global Payments (NYSE:GPN) last released its earnings results on Thursday, October 31st. The business services provider reported $1.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.03. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.16 billion. Global Payments had a return on equity of 9.05% and a net margin of 10.59%. Global Payments’s revenue was up 27.4% compared to the same quarter last year. During the same period last year, the business posted $1.44 earnings per share. As a group, equities research analysts forecast that Global Payments will post 5.83 EPS for the current fiscal year.
A number of research firms recently issued reports on GPN. Oppenheimer lifted their target price on Global Payments from $178.00 to $192.00 and gave the company an “outperform” rating in a report on Friday, November 1st. JPMorgan Chase & Co. set a $203.00 target price on Global Payments and gave the company a “buy” rating in a report on Friday, November 1st. Goldman Sachs Group reiterated a “buy” rating and issued a $212.00 target price on shares of Global Payments in a report on Tuesday, September 24th. UBS Group began coverage on Global Payments in a report on Monday, October 14th. They issued a “buy” rating and a $193.00 target price for the company. Finally, KeyCorp lifted their target price on Global Payments from $160.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, September 5th. Two analysts have rated the stock with a sell rating, four have given a hold rating and twenty-one have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $177.56.
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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