A number of research firms have changed their ratings and price targets for Global Payments (NYSE: GPN):

  • 8/4/2017 – Global Payments had its price target lowered by analysts at Royal Bank Of Canada from $103.00 to $90.00. They now have an “outperform” rating on the stock.
  • 8/4/2017 – Global Payments had its price target raised by analysts at Barclays PLC from $98.00 to $105.00. They now have an “overweight” rating on the stock.
  • 8/4/2017 – Global Payments was downgraded by analysts at Compass Point from a “buy” rating to a “neutral” rating. They now have a $96.00 price target on the stock, up previously from $95.72.
  • 8/4/2017 – Global Payments was upgraded by analysts at Wells Fargo & Company from a “market perform” rating to an “outperform” rating. They now have a $110.00 price target on the stock, up previously from $90.00.
  • 8/4/2017 – Global Payments had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $103.00 price target on the stock, up previously from $102.00.
  • 8/3/2017 – Global Payments had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $100.00 price target on the stock.
  • 7/24/2017 – Global Payments had its “outperform” rating reaffirmed by analysts at William Blair.
  • 7/21/2017 – Global Payments was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Global Payments' investment for future growth, efforts to further the Heartland integration and successfully refinancing its credit facilities bodes well for the long term. The company is witnessing sustained growth in business from Europe, Asia Pacific, and North America. Year to date, shares of the company have outperformed the Zacks categorized Business Service industry. Following the company’s strong first-quarter earnings,  progress with the Heartland integration as well as the recent refinancing, the company increased its outlook for 2017. The company’s high debt and exposure to currency volatility are other concerns.”
  • 7/13/2017 – Global Payments had its “outperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $97.00 price target on the stock, up previously from $91.00.
  • 7/7/2017 – Global Payments had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $90.00 price target on the stock.
  • 7/6/2017 – Global Payments was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $101.00 price target on the stock. According to Zacks, “Global Payments' investment for future growth, efforts to further the Heartland integration and successfully refinancing its credit facilities bodes well for the long term. The company is witnessing sustained growth in business from Europe, Asia Pacific, and North America. Year to date, shares of the company have outperformed the Zacks categorized Business Service industry. The Zacks Consensus Estimate for 2017 has witnessed an upward revision revision in the past 60 days. Following the company’s strong first-quarter earnings,  progress with the Heartland integration as well as the recent refinancing, the company increased its outlook for 2017. The company’s high debt and exposure to currency volatility are other concerns.”
  • 6/27/2017 – Global Payments is now covered by analysts at Mizuho. They set a “buy” rating and a $105.00 price target on the stock.

Global Payments Inc. (NYSE GPN) opened at 93.64 on Friday. Global Payments Inc. has a 1-year low of $64.63 and a 1-year high of $97.99. The firm’s 50 day moving average is $92.59 and its 200 day moving average is $85.12. The stock has a market capitalization of $14.28 billion, a P/E ratio of 72.65 and a beta of 1.09.

Global Payments (NYSE:GPN) last issued its quarterly earnings results on Thursday, August 3rd. The business services provider reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.07. The company had revenue of $847.90 million during the quarter, compared to the consensus estimate of $837.76 million. Global Payments had a return on equity of 18.32% and a net margin of 6.65%. Global Payments’s revenue was up 18.4% on a year-over-year basis. During the same period last year, the company earned $0.76 earnings per share. On average, equities research analysts anticipate that Global Payments Inc. will post $3.94 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. Global Payments’s payout ratio is 3.07%.

In other news, Director Alan M. Silberstein sold 600 shares of the firm’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $88.09, for a total transaction of $52,854.00. Following the transaction, the director now owns 49,093 shares in the company, valued at $4,324,602.37. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert H. B. Baldwin, Jr. sold 10,000 shares of the firm’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $95.00, for a total value of $950,000.00. Following the transaction, the director now owns 183,177 shares in the company, valued at approximately $17,401,815. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,702 shares of company stock worth $2,847,076. Insiders own 0.93% of the company’s stock.

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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