Global Payments (NYSE:GPN) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Tuesday, ValuEngine reports.

A number of other equities research analysts also recently weighed in on the company. UBS Group assumed coverage on Global Payments in a report on Monday, October 14th. They set a “buy” rating and a $193.00 price objective on the stock. Wolfe Research set a $195.00 price objective on Global Payments and gave the company a “buy” rating in a report on Friday, November 1st. Goldman Sachs Group reaffirmed a “buy” rating and set a $212.00 price objective on shares of Global Payments in a report on Tuesday, September 24th. Robert W. Baird lifted their price objective on Global Payments from $188.00 to $203.00 and gave the company an “outperform” rating in a report on Wednesday, September 18th. Finally, Oppenheimer lifted their price objective on Global Payments from $178.00 to $192.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and twenty-one have given a buy rating to the company. Global Payments currently has an average rating of “Buy” and a consensus target price of $177.56.

GPN stock opened at $178.07 on Tuesday. Global Payments has a twelve month low of $94.81 and a twelve month high of $182.13. The company has a market cap of $54.43 billion, a PE ratio of 34.31, a price-to-earnings-growth ratio of 1.83 and a beta of 0.98. The business’s 50-day simple moving average is $170.70 and its 200 day simple moving average is $163.15. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.32.

Global Payments (NYSE:GPN) last released its earnings results on Thursday, October 31st. The business services provider reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.03. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.16 billion. Global Payments had a return on equity of 9.05% and a net margin of 10.59%. The firm’s revenue for the quarter was up 27.4% compared to the same quarter last year. During the same period last year, the business earned $1.44 earnings per share. On average, equities research analysts anticipate that Global Payments will post 5.83 EPS for the current year.

In other news, Director William I. Jacobs sold 10,980 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $175.27, for a total value of $1,924,464.60. Following the transaction, the director now directly owns 40,568 shares of the company’s stock, valued at approximately $7,110,353.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William I. Jacobs sold 600 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $163.22, for a total value of $97,932.00. Following the completion of the transaction, the director now directly owns 28,388 shares in the company, valued at $4,633,489.36. The disclosure for this sale can be found here. Insiders sold a total of 20,757 shares of company stock worth $3,575,202 over the last three months. 0.88% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Next Capital Management LLC bought a new position in Global Payments in the 2nd quarter worth approximately $25,000. Citizens Financial Group Inc RI bought a new position in Global Payments in the 2nd quarter worth approximately $27,000. First Financial Corp IN bought a new position in Global Payments in the 3rd quarter worth approximately $27,000. Tarbox Family Office Inc. raised its position in Global Payments by 130.7% in the 3rd quarter. Tarbox Family Office Inc. now owns 173 shares of the business services provider’s stock worth $28,000 after purchasing an additional 98 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. bought a new position in Global Payments in the 2nd quarter worth approximately $34,000. 87.90% of the stock is currently owned by institutional investors and hedge funds.

About Global Payments

Global Payments Inc provides payment technology and software solutions for card, electronic, check, and digital-based payments. The company operates in three segments: North America, Europe, and Asia-Pacific. It offers authorization services, settlement and funding services, customer support and help-desk functions, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and statements, and online reporting services.

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Analyst Recommendations for Global Payments (NYSE:GPN)

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