Global Payments (GPN) Receiving Somewhat Favorable News Coverage, Report Shows

Headlines about Global Payments (NYSE:GPN) have been trending somewhat positive on Saturday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Global Payments earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news articles about the business services provider an impact score of 46.4552478334405 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the media stories that may have effected Accern’s rankings:

Global Payments (NYSE GPN) traded up $2.00 during mid-day trading on Friday, reaching $114.35. 1,642,410 shares of the company traded hands, compared to its average volume of 1,130,000. The firm has a market capitalization of $18,200.00, a price-to-earnings ratio of 57.46, a price-to-earnings-growth ratio of 1.67 and a beta of 1.14. The company has a current ratio of 1.13, a quick ratio of 1.14 and a debt-to-equity ratio of 1.15. Global Payments has a 1-year low of $76.47 and a 1-year high of $114.86.

Global Payments (NYSE:GPN) last released its earnings results on Thursday, February 15th. The business services provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.01. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $943.39 million. Global Payments had a net margin of 11.78% and a return on equity of 17.94%. Global Payments’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 earnings per share. equities analysts anticipate that Global Payments will post 4.53 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.04 annualized dividend and a yield of 0.03%. Global Payments’s payout ratio is 2.01%.

Global Payments declared that its board has initiated a stock repurchase plan on Thursday, February 15th that permits the company to repurchase $600.00 million in outstanding shares. This repurchase authorization permits the business services provider to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

A number of analysts have weighed in on GPN shares. Morgan Stanley raised their target price on shares of Global Payments from $98.00 to $106.00 and gave the company an “equal weight” rating in a research report on Thursday, November 2nd. Royal Bank of Canada restated an “outperform” rating and issued a $108.00 target price (up previously from $103.00) on shares of Global Payments in a research report on Thursday, November 9th. Nomura raised their target price on shares of Global Payments from $83.00 to $85.00 and gave the company a “reduce” rating in a research report on Thursday, November 9th. Zacks Investment Research lowered shares of Global Payments from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, Oppenheimer raised their target price on shares of Global Payments from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, January 19th. Two research 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 company. Global Payments has an average rating of “Buy” and an average price target of $107.69.

In related news, Director Alan M. Silberstein sold 600 shares of the business’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $106.05, for a total value of $63,630.00. Following the transaction, the director now owns 44,293 shares in the company, valued at $4,697,272.65. The transaction was disclosed in a document filed with the SEC, which is available through this link. In the last 90 days, insiders sold 3,600 shares of company stock worth $370,602. 0.93% of the stock is owned by company insiders.

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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.

Insider Buying and Selling by Quarter for Global Payments (NYSE:GPN)

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