Stephens upgraded shares of Global Payments (NYSE:GPN) from an equal weight rating to an overweight rating in a research report released on Tuesday, January 9th, Marketbeat.com reports. They currently have $122.00 target price on the business services provider’s stock.
Other equities analysts also recently issued reports about the company. Bank of America started coverage on Global Payments in a report on Tuesday, September 12th. They issued a buy rating and a $110.00 price target for the company. Deutsche Bank reaffirmed a buy rating and issued a $115.00 price target (up from $100.00) on shares of Global Payments in a report on Tuesday, October 10th. Buckingham Research began coverage on Global Payments in a research note on Monday, October 2nd. They issued a buy rating and a $113.00 price objective for the company. William Blair reiterated an ourperform rating on shares of Global Payments in a research note on Friday, September 22nd. Finally, KeyCorp started coverage on Global Payments in a research note on Friday, September 22nd. They set an overweight rating and a $110.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $107.79.
Shares of Global Payments (GPN) opened at $103.26 on Tuesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market cap of $16,433.04, a PE ratio of 57.69, a P/E/G ratio of 1.60 and a beta of 1.11. Global Payments has a fifty-two week low of $75.88 and a fifty-two week high of $106.52.
Global Payments (NYSE:GPN) last issued its quarterly earnings results on Wednesday, November 8th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.12. Global Payments had a net margin of 7.14% and a return on equity of 18.50%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $917.31 million. During the same period in the prior year, the firm earned $0.89 earnings per share. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. equities analysts predict that Global Payments will post 3.81 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. Global Payments’s dividend payout ratio is currently 2.23%.
In other Global Payments news, Director Alan M. Silberstein sold 600 shares of Global Payments stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $97.69, for a total transaction of $58,614.00. Following the sale, the director now owns 46,093 shares of the company’s stock, valued at approximately $4,502,825.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 3,000 shares of company stock worth $299,082 in the last ninety days. 0.93% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Sun Life Financial INC raised its stake in shares of Global Payments by 15,728.6% in the 2nd quarter. Sun Life Financial INC now owns 1,108 shares of the business services provider’s stock worth $100,000 after buying an additional 1,101 shares in the last quarter. Intellectus Partners LLC bought a new stake in shares of Global Payments in the 2nd quarter worth $128,000. Commonwealth Bank of Australia raised its stake in shares of Global Payments by 13.6% in the 2nd quarter. Commonwealth Bank of Australia now owns 1,466 shares of the business services provider’s stock worth $131,000 after buying an additional 176 shares in the last quarter. Stephens Inc. AR acquired a new stake in shares of Global Payments during the second quarter worth $143,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Global Payments by 28.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,819 shares of the business services provider’s stock worth $164,000 after purchasing an additional 400 shares during the period. 98.82% of the stock is currently owned by institutional investors.
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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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