William Blair restated their ourperform rating on shares of Global Payments Inc. (NYSE:GPN) in a research note released on Friday.

A number of other brokerages have also recently weighed in on GPN. Stifel Nicolaus initiated coverage on Global Payments in a research report on Thursday, June 1st. They issued a buy rating and a $102.00 price target for the company. Wedbush restated an outperform rating and issued a $107.25 price target (up previously from $85.00) on shares of Global Payments in a research report on Tuesday, June 6th. Mizuho initiated coverage on Global Payments in a research report on Tuesday, June 27th. They issued a buy rating and a $105.00 price target for the company. Zacks Investment Research upgraded Global Payments from a hold rating to a buy rating and set a $101.00 price target for the company in a research report on Thursday, July 6th. Finally, Royal Bank Of Canada restated a buy rating and issued a $90.00 price target on shares of Global Payments in a research report on Friday, July 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $98.26.

Shares of Global Payments (GPN) traded down 0.54% during midday trading on Friday, reaching $95.82. 810,317 shares of the company traded hands. Global Payments has a 1-year low of $64.63 and a 1-year high of $98.14. The stock’s 50-day moving average is $95.36 and its 200-day moving average is $88.50. The stock has a market capitalization of $14.61 billion, a P/E ratio of 74.34 and a beta of 1.11.

Global Payments (NYSE:GPN) last released its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.07. The firm had revenue of $847.90 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.76 earnings per share. Equities analysts predict that Global Payments will post $3.95 EPS for the current fiscal year.

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The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.01 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. Global Payments’s payout ratio is currently 2.45%.

In related news, Director William I. Jacobs sold 600 shares of the firm’s stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $90.52, for a total transaction of $54,312.00. Following the sale, the director now directly owns 41,275 shares in the company, valued at approximately $3,736,213. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert H. B. Baldwin, Jr. sold 4,200 shares of the firm’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $89.87, for a total value of $377,454.00. Following the sale, the director now owns 195,477 shares in the company, valued at $17,567,517.99. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 141,749 shares of company stock worth $13,421,277. Company insiders own 0.93% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Comerica Bank increased its holdings in Global Payments by 11.6% during the 1st quarter. Comerica Bank now owns 38,953 shares of the business services provider’s stock worth $3,193,000 after purchasing an additional 4,057 shares during the last quarter. Karp Capital Management Corp purchased a new stake in Global Payments during the 1st quarter worth approximately $2,096,000. Norinchukin Bank The increased its holdings in Global Payments by 6.1% during the 1st quarter. Norinchukin Bank The now owns 9,894 shares of the business services provider’s stock worth $798,000 after purchasing an additional 569 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in Global Payments by 5.3% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 318,558 shares of the business services provider’s stock worth $25,701,000 after purchasing an additional 16,055 shares during the last quarter. Finally, Baird Financial Group Inc. purchased a new stake in Global Payments during the 1st quarter worth approximately $437,000. Institutional investors and hedge funds own 97.84% of the company’s stock.

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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