Global Payments Inc. (NYSE:GPN)‘s stock had its “buy” rating reiterated by equities researchers at SunTrust Banks, Inc. in a note issued to investors on Friday. They currently have a $120.00 target price on the business services provider’s stock. SunTrust Banks, Inc.’s price objective would indicate a potential upside of 21.40% from the stock’s previous close.
Several other research firms also recently commented on GPN. Credit Suisse Group reaffirmed an “outperform” rating on shares of Global Payments in a research note on Tuesday, September 5th. Deutsche Bank AG reaffirmed a “buy” rating and set a $115.00 price objective (up from $100.00) on shares of Global Payments in a research note on Tuesday, October 10th. Robert W. Baird reaffirmed a “buy” rating and set a $106.00 price objective on shares of Global Payments in a research note on Tuesday, September 5th. Zacks Investment Research raised Global Payments from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research note on Wednesday, October 11th. Finally, Barclays PLC upped their price objective on Global Payments from $105.00 to $116.00 and gave the company an “overweight” rating in a research note on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $104.56.
Shares of Global Payments (NYSE GPN) opened at $98.85 on Friday. Global Payments has a fifty-two week low of $64.63 and a fifty-two week high of $104.83. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.14 and a quick ratio of 1.20. The firm has a market capitalization of $15,806.02, a PE ratio of 26.70, a PEG ratio of 1.82 and a beta of 1.14.
Global Payments (NYSE:GPN) last posted its earnings results on Wednesday, November 8th. The business services provider reported $1.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.12. Global Payments had a return on equity of 18.50% and a net margin of 7.14%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $917.31 million. During the same period in the previous year, the business earned $0.89 EPS. The business’s quarterly revenue was up 9.1% on a year-over-year basis. analysts anticipate that Global Payments will post 3.75 earnings per share for the current fiscal year.
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In other Global Payments news, Director Robert H. B. Baldwin, Jr. sold 26,000 shares of the stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $99.82, for a total transaction of $2,595,320.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert H. B. Baldwin, Jr. sold 5,600 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $94.58, for a total value of $529,648.00. Following the sale, the director now owns 178,177 shares in the company, valued at approximately $16,851,980.66. The disclosure for this sale can be found here. In the last quarter, insiders have sold 77,755 shares of company stock worth $7,535,230. 0.93% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the business. Sun Life Financial INC grew its holdings in Global Payments by 15,728.6% during the 2nd quarter. Sun Life Financial INC now owns 1,108 shares of the business services provider’s stock valued at $100,000 after buying an additional 1,101 shares during the last quarter. Thompson Davis & CO. Inc. grew its holdings in Global Payments by 0.8% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,197 shares of the business services provider’s stock valued at $108,000 after buying an additional 10 shares during the last quarter. Intellectus Partners LLC acquired a new stake in Global Payments during the 2nd quarter valued at $128,000. Commonwealth Bank of Australia grew its holdings in Global Payments by 13.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,466 shares of the business services provider’s stock valued at $131,000 after buying an additional 176 shares during the last quarter. Finally, Stephens Inc. AR purchased a new position in shares of Global Payments during the 2nd quarter worth $143,000. Hedge funds and other institutional investors own 98.10% of the company’s stock.
Global Payments Company Profile
Global Payments Inc is a provider of payment technology services. The Company provides payment and digital commerce solutions. The Company operates through three segments: North America, Europe and Asia-Pacific. The Company’s segments primarily provide payment solutions for credit cards, debit cards, electronic payments and check-related services.
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