Global Payments (NYSE:GPN) – Wedbush decreased their Q1 2018 earnings per share (EPS) estimates for Global Payments in a report released on Wednesday, April 18th. Wedbush analyst M. Katri now forecasts that the business services provider will earn $1.03 per share for the quarter, down from their previous forecast of $1.08. Wedbush also issued estimates for Global Payments’ Q2 2018 earnings at $1.13 EPS and FY2018 earnings at $4.86 EPS.
Other research analysts have also recently issued research reports about the company. Nomura raised their price target on Global Payments from $85.00 to $92.00 and gave the company a “reduce” rating in a research report on Tuesday, February 13th. Zacks Investment Research cut Global Payments from a “buy” rating to a “hold” rating in a research report on Tuesday, April 17th. Cowen restated a “buy” rating and issued a $127.00 price target on shares of Global Payments in a research report on Thursday, March 1st. Oppenheimer raised their price target on Global Payments from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, January 19th. Finally, SunTrust Banks restated a “buy” rating and issued a $130.00 price target on shares of Global Payments in a research report on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-two have given a buy rating to the company’s stock. Global Payments presently has an average rating of “Buy” and a consensus target price of $110.08.
Shares of GPN stock opened at $111.28 on Friday. Global Payments has a fifty-two week low of $80.01 and a fifty-two week high of $118.94. The firm has a market capitalization of $17,885.19, a PE ratio of 27.75, a PEG ratio of 1.47 and a beta of 1.11. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.13 and a quick ratio of 1.13.
Global Payments (NYSE:GPN) last announced its quarterly earnings results on Thursday, February 15th. The business services provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. Global Payments had a return on equity of 17.94% and a net margin of 11.78%. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $943.39 million. During the same quarter last year, the business posted $0.89 earnings per share. The business’s revenue for the quarter was up 11.0% on a year-over-year basis.
Large investors have recently modified their holdings of the business. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Global Payments in the 4th quarter worth about $120,000. SWS Partners acquired a new stake in Global Payments in the 4th quarter worth about $163,000. Tower Research Capital LLC TRC boosted its stake in Global Payments by 2,412.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,658 shares of the business services provider’s stock worth $166,000 after buying an additional 1,592 shares during the last quarter. Klingenstein Fields & Co. LLC purchased a new position in shares of Global Payments in the 4th quarter worth about $204,000. Finally, Commerzbank Aktiengesellschaft FI purchased a new position in shares of Global Payments in the 4th quarter worth about $233,000. 96.75% of the stock is currently owned by hedge funds and other institutional investors.
In other Global Payments news, Director Alan M. Silberstein sold 600 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $114.34, for a total value of $68,604.00. Following the sale, the director now directly owns 43,693 shares of the company’s stock, valued at approximately $4,995,857.62. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Alan M. Silberstein sold 5,900 shares of the firm’s stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $118.15, for a total value of $697,085.00. Following the completion of the sale, the director now directly owns 46,497 shares in the company, valued at $5,493,620.55. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,200 shares of company stock worth $1,659,695. 0.98% of the stock is owned by corporate insiders.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Friday, March 16th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date was Thursday, March 15th. Global Payments’s payout ratio is 1.00%.
Global Payments declared that its board has approved a share repurchase program 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 repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.
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Global Payments Company Profile
Global Payments Inc provides payment technology and software solutions for credit cards, debit cards, electronic payments, and check-related services. It offers authorization services, settlement and funding services, customer support and help-desk functions, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and statements, online reporting, industry compliance, and payment card industry security services.
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