Global Payments (NYSE:GPN) PT Raised to $197.00

Global Payments (NYSE:GPN) had its target price upped by Raymond James from $195.00 to $197.00 in a research note published on Tuesday, Analyst Price Targets reports. The brokerage currently has an outperform rating on the business services provider’s stock.

Several other research firms have also recently issued reports on GPN. Susquehanna Bancshares dropped their target price on Global Payments from $250.00 to $240.00 and set a positive rating on the stock in a research report on Wednesday, November 3rd. Wolfe Research dropped their target price on Global Payments from $250.00 to $200.00 and set an outperform rating on the stock in a research report on Wednesday, November 3rd. Barclays dropped their target price on Global Payments from $195.00 to $182.00 and set an overweight rating on the stock in a research report on Friday, December 10th. UBS Group initiated coverage on Global Payments in a report on Wednesday, November 17th. They issued a buy rating and a $161.00 price target on the stock. Finally, Wedbush lowered their price target on Global Payments from $240.00 to $150.00 and set an outperform rating on the stock in a report on Monday, December 20th. Five research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Buy and a consensus target price of $193.69.

GPN opened at $150.55 on Tuesday. The business has a 50 day moving average price of $132.26 and a two-hundred day moving average price of $155.62. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.41. The company has a market cap of $43.68 billion, a PE ratio of 47.49, a P/E/G ratio of 0.86 and a beta of 1.13. Global Payments has a 52 week low of $116.75 and a 52 week high of $220.81.

Global Payments (NYSE:GPN) last released its earnings results on Tuesday, November 2nd. The business services provider reported $2.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.14 by $0.04. Global Payments had a return on equity of 8.08% and a net margin of 11.38%. The company had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter in the previous year, the firm posted $1.71 EPS. As a group, sell-side analysts expect that Global Payments will post 7.77 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 30th. Shareholders of record on Thursday, December 16th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend was Wednesday, December 15th. Global Payments’s dividend payout ratio is presently 31.55%.

In other news, Director Kriss Cloninger III bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 5th. The shares were acquired at an average cost of $137.68 per share, with a total value of $137,680.00. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William I. Jacobs sold 500 shares of the stock in a transaction on Wednesday, December 15th. The stock was sold at an average price of $129.28, for a total value of $64,640.00. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Amundi Pioneer Asset Management Inc. increased its holdings in Global Payments by 48.0% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 111,641 shares of the business services provider’s stock valued at $15,241,000 after purchasing an additional 36,216 shares in the last quarter. American Century Companies Inc. increased its holdings in Global Payments by 23.0% in the 2nd quarter. American Century Companies Inc. now owns 4,477 shares of the business services provider’s stock valued at $840,000 after purchasing an additional 838 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Global Payments by 11.3% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 54,632 shares of the business services provider’s stock valued at $10,246,000 after purchasing an additional 5,556 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in Global Payments by 228.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 435,850 shares of the business services provider’s stock valued at $81,739,000 after purchasing an additional 303,087 shares in the last quarter. Finally, Ethic Inc. increased its holdings in Global Payments by 41.1% in the 2nd quarter. Ethic Inc. now owns 8,785 shares of the business services provider’s stock valued at $1,647,000 after purchasing an additional 2,558 shares in the last quarter. 83.25% of the stock is currently owned by institutional investors and hedge funds.

Global Payments Company Profile

Global Payments, Inc engages in the provision of payment technology and software solutions. It operates through the following segments: Merchant Solutions, Issuer Solutions and Business & Consumer Solutions. The Merchant Solutions segment provides payments technology and software solutions to customers globally.

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Analyst Recommendations for Global Payments (NYSE:GPN)

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