Keefe, Bruyette & Woods restated their buy rating on shares of Global Payments Inc. (NYSE:GPN) in a research note published on Thursday. The brokerage currently has a $100.00 price objective on the business services provider’s stock.

Several other equities analysts also recently commented on the stock. Stifel Nicolaus assumed coverage on shares of Global Payments in a report on Thursday, June 1st. They issued a buy rating and a $102.00 price objective on the stock. BMO Capital Markets upped their price objective on shares of Global Payments from $91.00 to $93.00 and gave the company an outperform rating in a report on Monday, May 15th. Credit Suisse Group upped their price objective on shares of Global Payments from $86.00 to $91.00 and gave the company an outperform rating in a report on Monday, May 15th. Barclays PLC reiterated a buy rating and issued a $96.00 price objective on shares of Global Payments in a report on Friday, May 5th. Finally, Royal Bank Of Canada reiterated a buy rating and issued a $90.00 price objective on shares of Global Payments in a report on Friday, May 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have assigned a buy rating to the company. Global Payments presently has a consensus rating of Buy and a consensus price target of $93.09.

Shares of Global Payments (GPN) opened at 97.72 on Thursday. Global Payments has a 12-month low of $64.63 and a 12-month high of $97.99. The company has a market capitalization of $14.90 billion, a P/E ratio of 76.88 and a beta of 1.09. The company’s 50 day moving average is $91.38 and its 200 day moving average is $84.38.

Global Payments (NYSE:GPN) last issued its earnings results on Thursday, August 3rd. The business services provider reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.07. The business had revenue of $847.90 million for the quarter, compared to the consensus estimate of $837.76 million. Global Payments had a net margin of 6.65% and a return on equity of 18.32%. The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.76 earnings per share. Analysts expect that Global Payments will post $3.89 earnings per share for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.04 annualized dividend and a yield of 0.04%. Global Payments’s dividend payout ratio is 3.07%.

In other news, Director Robert H. B. Baldwin, Jr. sold 10,000 shares of the stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $95.00, for a total value of $950,000.00. Following the completion of the transaction, the director now owns 183,177 shares of the company’s stock, valued at $17,401,815. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alan M. Silberstein sold 600 shares of the stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $90.94, for a total transaction of $54,564.00. Following the completion of the transaction, the director now directly owns 47,893 shares of the company’s stock, valued at approximately $4,355,389.42. The disclosure for this sale can be found here. Insiders sold 30,702 shares of company stock valued at $2,847,076 in the last three months. Company insiders own 0.93% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of GPN. Financial Architects Inc boosted its position in Global Payments by 14.5% in the first quarter. Financial Architects Inc now owns 1,840 shares of the business services provider’s stock worth $149,000 after buying an additional 233 shares during the period. Morgan Dempsey Capital Management LLC boosted its position in Global Payments by 86.6% in the first quarter. Morgan Dempsey Capital Management LLC now owns 2,004 shares of the business services provider’s stock worth $162,000 after buying an additional 930 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in Global Payments by 84.8% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,033 shares of the business services provider’s stock valued at $164,000 after buying an additional 933 shares in the last quarter. Point72 Asia Hong Kong Ltd purchased a new position in Global Payments during the first quarter valued at about $200,000. Finally, Lakeview Capital Partners LLC purchased a new position in Global Payments during the second quarter valued at about $200,000. 98.70% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Global Payments (NYSE:GPN)

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