Global Payments (NYSE:GPN) had its target price increased by equities researchers at Jefferies Financial Group from $195.00 to $235.00 in a note issued to investors on Wednesday, Briefing.com Automated Import reports. The firm currently has a “buy” rating on the business services provider’s stock. Jefferies Financial Group’s price objective suggests a potential upside of 18.22% from the company’s current price.
A number of other research analysts have also recently issued reports on GPN. UBS Group started coverage on Global Payments in a research note on Monday, October 14th. They set a “buy” rating and a $193.00 price objective on the stock. Oppenheimer raised their price objective on Global Payments from $178.00 to $192.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Goldman Sachs Group reissued a “buy” rating and issued a $212.00 target price on shares of Global Payments in a research note on Tuesday, September 24th. Barclays raised their target price on Global Payments from $215.00 to $225.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 14th. Finally, BMO Capital Markets raised their target price on Global Payments from $162.00 to $186.00 and gave the stock a “market perform” rating in a research note on Monday, November 4th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $188.42.
Shares of NYSE:GPN opened at $198.79 on Wednesday. The stock’s 50-day moving average price is $184.63 and its 200-day moving average price is $170.25. Global Payments has a 12-month low of $109.95 and a 12-month high of $200.35. The stock has a market capitalization of $59.69 billion, a P/E ratio of 79.84, a price-to-earnings-growth ratio of 1.51 and a beta of 0.95. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.32.
In other Global Payments news, Director Kriss Cloninger III sold 7,877 shares of Global Payments stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $169.15, for a total transaction of $1,332,394.55. Following the sale, the director now directly owns 26,155 shares of the company’s stock, valued at approximately $4,424,118.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William I. Jacobs sold 600 shares of Global Payments stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $173.37, for a total value of $104,022.00. Following the sale, the director now directly owns 27,788 shares in the company, valued at $4,817,605.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,677 shares of company stock worth $1,660,457. Insiders own 0.88% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. RFG Advisory LLC boosted its position in Global Payments by 2.9% during the 4th quarter. RFG Advisory LLC now owns 11,152 shares of the business services provider’s stock valued at $2,036,000 after acquiring an additional 311 shares in the last quarter. NEXT Financial Group Inc boosted its position in Global Payments by 24.8% during the 4th quarter. NEXT Financial Group Inc now owns 1,041 shares of the business services provider’s stock valued at $190,000 after acquiring an additional 207 shares in the last quarter. CENTRAL TRUST Co boosted its position in Global Payments by 150.1% during the 4th quarter. CENTRAL TRUST Co now owns 5,103 shares of the business services provider’s stock valued at $931,000 after acquiring an additional 3,063 shares in the last quarter. Iowa State Bank bought a new stake in Global Payments during the 4th quarter valued at approximately $200,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Global Payments by 47.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 90,270 shares of the business services provider’s stock valued at $16,480,000 after acquiring an additional 29,232 shares in the last quarter. 87.71% of the stock is currently owned by institutional investors and hedge funds.
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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