Brokerages Set Global Payments Inc. (NYSE:GPN) Target Price at $136.50

Global Payments Inc. (NYSE:GPN) has been given a consensus recommendation of “Moderate Buy” by the twenty-six ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $136.57.

Several research analysts have recently weighed in on the company. BNP Paribas raised Global Payments to a “strong sell” rating in a research note on Wednesday, September 4th. Royal Bank of Canada dropped their target price on shares of Global Payments from $143.00 to $130.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. StockNews.com cut shares of Global Payments from a “buy” rating to a “hold” rating in a research note on Wednesday. William Blair cut Global Payments from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 25th. Finally, TD Cowen reduced their target price on Global Payments from $125.00 to $122.00 and set a “buy” rating for the company in a report on Wednesday, September 25th.

Global Payments Stock Performance

Shares of GPN stock opened at $117.08 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65. Global Payments has a 12-month low of $91.60 and a 12-month high of $141.77. The business’s 50 day moving average is $105.86 and its two-hundred day moving average is $103.56. The company has a market capitalization of $29.80 billion, a P/E ratio of 22.05, a P/E/G ratio of 0.88 and a beta of 0.97.

Global Payments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Friday, December 13th. Global Payments’s dividend payout ratio (DPR) is 18.83%.

Hedge Funds Weigh In On Global Payments

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. New Covenant Trust Company N.A. acquired a new stake in shares of Global Payments during the first quarter worth about $31,000. LRI Investments LLC acquired a new stake in Global Payments during the 1st quarter worth approximately $32,000. Cromwell Holdings LLC purchased a new position in Global Payments in the 3rd quarter valued at approximately $25,000. Capital Performance Advisors LLP acquired a new position in shares of Global Payments in the third quarter worth $33,000. Finally, POM Investment Strategies LLC purchased a new stake in shares of Global Payments during the second quarter worth $32,000. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

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.