Global Payments (NYSE:GPN) Receiving Somewhat Positive News Coverage, Accern Reports
News stories about Global Payments (NYSE:GPN) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Global Payments earned a coverage optimism score of 0.25 on Accern’s scale. Accern also assigned headlines about the business services provider an impact score of 45.8832940539968 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Global Payments Inc. (GPN) Investment Increased by Paradice Investment Management LLC – Modern Readers (modernreaders.com)
- Where do the Charts Say Global Payments Inc (GPN) is Headed? – Berry Recorder (berryrecorder.com)
- Norges Bank Bought A Lot More Global Payments Inc. (GPN) Stock – First News 24 (firstnewspaper24.com)
- Paradice Investment Management LLC Increases Its Holdings in Global Payments Inc. (GPN) Last Quarter – Modern Readers (modernreaders.com)
- See what the IHS Markit Score report has to say about Global Payments Inc. (finance.yahoo.com)
Global Payments (NYSE:GPN) traded down 2.48% during trading on Thursday, hitting $93.64. 1,305,551 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $92.59 and its 200 day moving average price is $85.12. The firm has a market cap of $14.28 billion, a price-to-earnings ratio of 72.65 and a beta of 1.09. Global Payments has a 12-month low of $64.63 and a 12-month high of $97.99.
Global Payments (NYSE:GPN) last posted its earnings results on Thursday, August 3rd. The business services provider reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.07. The firm had revenue of $847.90 million during the quarter, compared to analyst estimates of $837.76 million. Global Payments had a net margin of 6.65% and a return on equity of 18.32%. The business’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 EPS. Equities analysts forecast that Global Payments will post $3.94 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. The ex-dividend date of this dividend is Thursday, September 14th. Global Payments’s dividend payout ratio (DPR) is 3.07%.
Several research firms recently commented on GPN. Stifel Nicolaus reissued a “buy” rating and set a $103.00 price objective (up previously from $102.00) on shares of Global Payments in a research note on Friday, August 4th. Compass Point lowered shares of Global Payments from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $95.72 to $96.00 in a research note on Friday, August 4th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $100.00 target price on shares of Global Payments in a research note on Thursday, August 3rd. Barclays PLC upped their target price on shares of Global Payments from $98.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, August 4th. Finally, Wells Fargo & Company upgraded shares of Global Payments from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $90.00 to $110.00 in a research note on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $94.58.
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In related news, Director Alan M. Silberstein sold 600 shares of the business’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $88.09, for a total value of $52,854.00. Following the completion of the sale, the director now owns 49,093 shares of the company’s stock, valued at approximately $4,324,602.37. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert H. B. Baldwin, Jr. sold 10,000 shares of the business’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $95.00, for a total transaction of $950,000.00. Following the completion of the sale, the director now directly owns 183,177 shares of the company’s stock, valued at approximately $17,401,815. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,702 shares of company stock valued at $2,847,076. Insiders own 0.93% of the company’s stock.
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.
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