Global Payments Inc. (GPN) PT Raised to $85.00
Global Payments Inc. (NYSE:GPN) had its price objective increased by Nomura from $83.00 to $85.00 in a research report report published on Thursday morning. Nomura currently has a reduce rating on the business services provider’s stock.
Several other analysts also recently commented on the company. Morgan Stanley increased their target price on Global Payments from $106.00 to $110.00 and gave the company an equal weight rating in a research note on Thursday. Citigroup Inc. reiterated a buy rating and set a $116.00 target price (up from $107.00) on shares of Global Payments in a research note on Thursday. Royal Bank Of Canada reiterated an outperform rating and set a $108.00 target price (up from $103.00) on shares of Global Payments in a research note on Thursday. BMO Capital Markets increased their target price on Global Payments from $103.00 to $115.00 and gave the company a positive rating in a research note on Thursday. Finally, Credit Suisse Group reiterated an outperform rating and set a $108.00 target price (up from $100.00) on shares of Global Payments in a research note on Thursday. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-four have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $104.56.
Shares of Global Payments (GPN) traded down $0.47 on Thursday, reaching $98.85. The company’s stock had a trading volume of 1,142,800 shares, compared to its average volume of 1,123,539. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.27. Global Payments has a 1-year low of $64.63 and a 1-year high of $104.83. The stock has a market cap of $15,731.23, a P/E ratio of 26.57, a price-to-earnings-growth ratio of 1.81 and a beta of 1.14.
Global Payments (NYSE:GPN) last issued its earnings results on Wednesday, November 8th. The business services provider reported $1.15 EPS for the quarter, beating the consensus estimate of $1.03 by $0.12. Global Payments had a return on equity of 18.50% and a net margin of 7.14%. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $917.31 million. During the same period last year, the business posted $0.89 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. equities analysts expect that Global Payments will post 3.75 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a $0.01 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. Global Payments’s payout ratio is presently 2.23%.
In other Global Payments news, Director Alan M. Silberstein sold 600 shares of the stock in a transaction on Friday, August 18th. The stock was sold at an average price of $93.74, for a total value of $56,244.00. Following the completion of the sale, the director now owns 47,293 shares in the company, valued at approximately $4,433,245.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert H. B. Baldwin, Jr. sold 26,000 shares of the stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $99.82, for a total value of $2,595,320.00. The disclosure for this sale can be found here. Insiders sold a total of 77,155 shares of company stock valued at $7,478,710 in the last quarter. 0.93% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of GPN. Sun Life Financial INC grew its position in shares of Global Payments by 15,728.6% during the second quarter. Sun Life Financial INC now owns 1,108 shares of the business services provider’s stock valued at $100,000 after purchasing an additional 1,101 shares in the last quarter. Thompson Davis & CO. Inc. grew its position in shares of Global Payments by 0.8% during the second quarter. Thompson Davis & CO. Inc. now owns 1,197 shares of the business services provider’s stock valued at $108,000 after purchasing an additional 10 shares in the last quarter. Intellectus Partners LLC purchased a new position in shares of Global Payments during the second quarter valued at about $128,000. Commonwealth Bank of Australia grew its position in shares of Global Payments by 13.6% during the second quarter. Commonwealth Bank of Australia now owns 1,466 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 176 shares in the last quarter. Finally, Stephens Inc. AR purchased a new position in shares of Global Payments during the second quarter valued at about $143,000. Hedge funds and other institutional investors own 97.90% 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.
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