Global Payments (NYSE:GPN) PT Raised to $235.00 at Jefferies Financial Group

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.

Global Payments (NYSE:GPN) last announced its quarterly earnings data 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. Global Payments had a return on equity of 9.05% and a net margin of 10.59%. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the firm earned $1.44 earnings per share. The company’s revenue for the quarter was up 27.4% compared to the same quarter last year. As a group, research analysts predict that Global Payments will post 5.82 EPS for the current year.

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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Analyst Recommendations for Global Payments (NYSE:GPN)

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