Global Payments Receives Consensus Rating of “Hold” from Brokerages (NYSE:GPN)
Global Payments (NYSE:GPN) has received a consensus recommendation of “Hold” from the twenty-two brokerages that are presently covering the company, AnalystRatingsNetwork reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $69.25.
A number of analysts have recently weighed in on GPN shares. Analysts at Buckingham Research raised their price target on shares of Global Payments from $73.00 to $77.00 in a research note on Friday, April 4th. Separately, analysts at Cowen and Company raised their price target on shares of Global Payments from $60.00 to $70.00 in a research note on Friday, April 4th. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Global Payments from $73.00 to $74.00 in a research note on Friday, April 4th.
In other Global Payments news, Director Alan Silberstein sold 3,250 shares of the company’s stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $67.39, for a total value of $219,017.50. Following the completion of the sale, the director now directly owns 20,371 shares in the company, valued at approximately $1,372,802. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Global Payments (NYSE:GPN) traded up 0.06% on Tuesday, hitting $67.76. 104,724 shares of the company’s stock traded hands. Global Payments has a 52-week low of $44.84 and a 52-week high of $73.84. The stock has a 50-day moving average of $70.12 and a 200-day moving average of $65.1. The company has a market cap of $4.866 billion and a P/E ratio of 21.41.
Global Payments (NYSE:GPN) last released its earnings data on Thursday, April 3rd. The company reported $0.96 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.95 by $0.01. The company had revenue of $616.50 million for the quarter, compared to the consensus estimate of $618.68 million. During the same quarter in the prior year, the company posted $0.87 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. Analysts expect that Global Payments will post $4.10 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.12%. The ex-dividend date is Wednesday, May 14th.
Global Payments Inc (NYSE:GPN) is a provider of electronic payments transaction processing services for consumers, merchants, independent sales organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United States, Canada, the United Kingdom, Spain, the Asia-Pacific region, the Czech Republic, and the Russian Federation.
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