News headlines about Global Payments (NYSE:GPN) have been trending neutral recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by monitoring more than 6,000 blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Global Payments earned a news sentiment score of 0.13 on their scale. InfoTrie also assigned press coverage about the business services provider an news buzz score of 5 out of 10, indicating that recent media coverage is somewhat likely to have an effect on the stock’s share price in the next several days.
Shares of GPN opened at $110.79 on Friday. The stock has a market capitalization of $17.28 billion, a PE ratio of 27.63, a P/E/G ratio of 1.07 and a beta of 1.14. Global Payments has a fifty-two week low of $94.81 and a fifty-two week high of $129.25. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.03 and a current ratio of 1.03.
Global Payments (NYSE:GPN) last issued its quarterly earnings data on Tuesday, October 30th. The business services provider reported $1.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.05. The company had revenue of $857.70 million for the quarter, compared to analyst estimates of $1.02 billion. Global Payments had a net margin of 17.48% and a return on equity of 18.38%. The company’s revenue was down 17.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.15 earnings per share. Equities research analysts anticipate that Global Payments will post 4.89 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 28th. Stockholders of record on Friday, December 14th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. The ex-dividend date of this dividend was Thursday, December 13th. Global Payments’s payout ratio is presently 1.00%.
A number of analysts have commented on the stock. Robert W. Baird increased their price target on shares of Global Payments from $136.00 to $142.00 and gave the company an “outperform” rating in a research note on Wednesday, October 17th. Goldman Sachs Group upgraded shares of Global Payments from a “neutral” rating to a “buy” rating and increased their price target for the company from $122.00 to $128.00 in a research note on Tuesday. ValuEngine cut shares of Global Payments from a “buy” rating to a “hold” rating in a research note on Tuesday, November 6th. Zacks Investment Research cut shares of Global Payments from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. Finally, Deutsche Bank increased their price target on shares of Global Payments to $140.00 and gave the company a “buy” rating in a research note on Friday, September 14th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $125.70.
In other news, Director Robert H. B. Baldwin, Jr. sold 3,000 shares of the stock in a transaction dated Friday, December 14th. The shares were sold at an average price of $102.02, for a total value of $306,060.00. Following the transaction, the director now directly owns 74,899 shares of the company’s stock, valued at $7,641,195.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan M. Silberstein sold 700 shares of the stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $109.66, for a total transaction of $76,762.00. Following the completion of the transaction, the director now directly owns 42,169 shares in the company, valued at $4,624,252.54. The disclosure for this sale can be found here. Insiders sold 6,825 shares of company stock worth $745,541 over the last three months. Insiders own 0.98% of the company’s stock.
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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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