Global Payments (NYSE:GPN) had its price objective lifted by Oppenheimer from $21.00 to $23.00 in a research report sent to investors on Friday, January 19th. Oppenheimer currently has an outperform rating on the business services provider’s stock.
Several other research analysts have also weighed in on the company. Keefe, Bruyette & Woods reaffirmed a buy rating and set a $122.00 price target on shares of Global Payments in a research report on Friday, December 22nd. Zacks Investment Research lowered Global Payments from a buy rating to a hold rating in a research report on Tuesday, November 14th. Stephens raised Global Payments from an equal weight rating to an overweight rating and set a $122.00 price target on the stock in a research report on Tuesday, January 9th. Credit Suisse Group reaffirmed an outperform rating and set a $108.00 price target (up previously from $100.00) on shares of Global Payments in a research report on Thursday, November 9th. They noted that the move was a valuation call. Finally, Deutsche Bank reaffirmed a buy rating and set a $115.00 price target (up previously from $100.00) on shares of Global Payments in a research report on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twenty-two have issued a buy rating to the stock. Global Payments presently has a consensus rating of Buy and a consensus target price of $105.51.
Shares of Global Payments (NYSE:GPN) traded up $0.73 during trading on Friday, reaching $107.58. The company had a trading volume of 1,503,150 shares, compared to its average volume of 1,076,247. The firm has a market cap of $16,932.75, a price-to-earnings ratio of 60.10, a PEG ratio of 1.58 and a beta of 1.14. Global Payments has a 1-year low of $76.47 and a 1-year high of $113.26. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.14 and a current ratio of 1.14.
In related news, Director William I. Jacobs sold 600 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $100.43, for a total value of $60,258.00. Following the completion of the sale, the director now directly owns 38,275 shares in the company, valued at approximately $3,843,958.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 3,600 shares of company stock valued at $370,602 over the last 90 days. 0.93% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Global Payments by 3.0% in the 2nd quarter. Vanguard Group Inc. now owns 15,211,802 shares of the business services provider’s stock valued at $1,373,930,000 after purchasing an additional 448,864 shares during the period. JPMorgan Chase & Co. boosted its stake in Global Payments by 3.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,396,554 shares of the business services provider’s stock valued at $319,071,000 after purchasing an additional 112,256 shares during the period. Capital International Investors boosted its stake in Global Payments by 39.1% in the 3rd quarter. Capital International Investors now owns 2,678,334 shares of the business services provider’s stock valued at $254,522,000 after purchasing an additional 752,962 shares during the period. Goldman Sachs Group Inc. boosted its stake in Global Payments by 5.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,552,480 shares of the business services provider’s stock valued at $255,861,000 after purchasing an additional 137,628 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in Global Payments by 0.4% in the 3rd quarter. Janus Henderson Group PLC now owns 2,302,837 shares of the business services provider’s stock valued at $218,838,000 after purchasing an additional 10,039 shares during the period. Institutional investors and hedge funds own 98.53% of the company’s stock.
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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.
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