Global Payments Inc (GPN) Given Consensus Recommendation of “Buy” by Analysts

Global Payments Inc (NYSE:GPN) has been assigned a consensus recommendation of “Buy” from the twenty-nine research firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and twenty-one have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $107.70.

Several analysts have recently weighed in on the stock. Stephens upgraded shares of Global Payments from an “equal weight” rating to an “overweight” rating and set a $122.00 price objective for the company in a research note on Tuesday. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $122.00 price objective on shares of Global Payments in a research note on Friday, December 22nd. Zacks Investment Research lowered shares of Global Payments from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. SunTrust Banks reiterated a “buy” rating and issued a $120.00 price objective on shares of Global Payments in a research note on Friday, November 10th. Finally, Nomura boosted their price target on shares of Global Payments from $83.00 to $85.00 and gave the company a “reduce” rating in a research note on Thursday, November 9th.

Shares of Global Payments (NYSE:GPN) opened at $104.00 on Friday. The firm has a market cap of $16,550.00, a price-to-earnings ratio of 59.09, a PEG ratio of 1.60 and a beta of 1.11. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.14 and a quick ratio of 1.14. Global Payments has a one year low of $75.88 and a one year high of $106.52.

Global Payments (NYSE:GPN) last released its quarterly earnings data on Wednesday, November 8th. The business services provider reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.12. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $917.31 million. Global Payments had a net margin of 7.14% and a return on equity of 18.50%. Global Payments’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.89 EPS. analysts expect that Global Payments will post 3.81 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date of this dividend was Thursday, December 14th. Global Payments’s dividend payout ratio is 2.27%.

In other Global Payments news, Director William I. Jacobs sold 600 shares of Global Payments stock in a transaction on Monday, November 13th. The shares were sold at an average price of $98.32, for a total transaction of $58,992.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have sold a total of 3,000 shares of company stock worth $299,082 over the last ninety days. Insiders own 0.93% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio boosted its holdings in Global Payments by 30.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 164,154 shares of the business services provider’s stock worth $15,600,000 after acquiring an additional 38,314 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Global Payments in the 3rd quarter worth about $236,000. IFM Investors Pty Ltd purchased a new position in shares of Global Payments in the 3rd quarter worth about $393,000. TT International boosted its holdings in shares of Global Payments by 29.2% in the 3rd quarter. TT International now owns 105,283 shares of the business services provider’s stock worth $10,005,000 after buying an additional 23,780 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its holdings in shares of Global Payments by 0.8% in the 3rd quarter. Neuberger Berman Group LLC now owns 325,220 shares of the business services provider’s stock worth $30,906,000 after buying an additional 2,620 shares during the last quarter. 98.90% of the stock is currently owned by hedge funds and other institutional investors.

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About Global Payments

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.

Analyst Recommendations for Global Payments (NYSE:GPN)

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