Global Payments Inc. (NYSE:GPN) Plans Quarterly Dividend of $0.25

Global Payments Inc. (NYSE:GPN) declared a quarterly dividend on Wednesday, August 7th, RTT News reports. Shareholders of record on Friday, September 13th will be paid a dividend of 0.25 per share by the business services provider on Friday, September 27th. This represents a $1.00 dividend on an annualized basis and a yield of 1.02%.

Global Payments has increased its dividend payment by an average of 8.6% per year over the last three years. Global Payments has a payout ratio of 7.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Global Payments to earn $12.60 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 7.9%.

Global Payments Stock Performance

Shares of GPN opened at $97.57 on Wednesday. The company has a 50-day simple moving average of $97.43 and a 200-day simple moving average of $115.80. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $24.90 billion, a PE ratio of 18.46, a P/E/G ratio of 0.63 and a beta of 0.98. Global Payments has a 52-week low of $91.60 and a 52-week high of $141.77.

Global Payments (NYSE:GPN) last announced its quarterly earnings results on Wednesday, August 7th. The business services provider reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $0.17. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.32 billion. Global Payments had a net margin of 13.40% and a return on equity of 11.72%. The business’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.48 EPS. Equities research analysts predict that Global Payments will post 11.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GPN has been the subject of a number of research analyst reports. Susquehanna cut their price target on shares of Global Payments from $160.00 to $157.00 and set a “positive” rating for the company in a report on Thursday, May 2nd. Evercore ISI cut their price target on shares of Global Payments from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Royal Bank of Canada restated an “outperform” rating and set a $172.00 target price on shares of Global Payments in a report on Wednesday, July 10th. Wells Fargo & Company assumed coverage on shares of Global Payments in a report on Wednesday, June 12th. They set an “equal weight” rating and a $100.00 target price for the company. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Global Payments from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Monday, July 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Global Payments currently has a consensus rating of “Moderate Buy” and an average price target of $145.35.

Insider Buying and Selling

In related news, VP Andrea M. Carter sold 3,300 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $111.34, for a total value of $367,422.00. Following the sale, the vice president now directly owns 25,209 shares of the company’s stock, valued at $2,806,770.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.98% of the company’s stock.

Global Payments Company Profile

Global Payments Inc provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through two segments, Merchant Solutions and Issuer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services.