Brokers Issue Forecasts for Global Payments Inc’s Q1 2018 Earnings (GPN)
Global Payments Inc (NYSE:GPN) – Equities research analysts at First Analysis issued their Q1 2018 earnings per share estimates for shares of Global Payments in a report released on Wednesday. First Analysis analyst L. Berlin anticipates that the business services provider will earn $0.98 per share for the quarter.
Other equities research analysts have also recently issued reports about the company. BMO Capital Markets lifted their target price on Global Payments from $91.00 to $93.00 and gave the company an “outperform” rating in a research note on Friday, May 5th. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Global Payments in a research note on Monday, May 15th. Cantor Fitzgerald reissued a “buy” rating and issued a $97.00 target price (up from $93.00) on shares of Global Payments in a research note on Monday, May 8th. Royal Bank of Canada reissued a “buy” rating and issued a $90.00 target price on shares of Global Payments in a research note on Monday, May 15th. Finally, Instinet reissued a “reduce” rating and issued a $79.00 target price (up from $70.00) on shares of Global Payments in a research note on Wednesday, May 17th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and eighteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $87.10.
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Shares of Global Payments (NYSE:GPN) opened at 92.51 on Thursday. Global Payments has a 52-week low of $64.63 and a 52-week high of $92.64. The stock has a market cap of $14.11 billion, a PE ratio of 72.79 and a beta of 1.05. The company’s 50-day moving average price is $83.61 and its 200-day moving average price is $77.55.
Global Payments (NYSE:GPN) last announced its quarterly earnings results on Thursday, May 4th. The business services provider reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.10. Global Payments had a return on equity of 19.50% and a net margin of 7.28%. The business had revenue of $919.76 million during the quarter, compared to analysts’ expectations of $767.09 million. During the same quarter last year, the business posted $0.64 earnings per share. The business’s revenue for the quarter was up 46.9% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Friday, June 9th will be issued a dividend of $0.0133 per share. The ex-dividend date of this dividend is Wednesday, June 7th. This is a positive change from Global Payments’s previous quarterly dividend of $0.01. This represents a $0.05 annualized dividend and a yield of 0.06%. Global Payments’s payout ratio is currently 2.41%.
In other Global Payments news, Director Robert H. B. Baldwin, Jr. sold 3,500 shares of Global Payments stock in a transaction dated Thursday, April 20th. The stock was sold at an average price of $80.00, for a total transaction of $280,000.00. Following the transaction, the director now directly owns 265,752 shares in the company, valued at $21,260,160. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Alan M. Silberstein sold 600 shares of Global Payments stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $88.09, for a total value of $52,854.00. Following the transaction, the director now owns 49,093 shares in the company, valued at $4,324,602.37. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 64,100 shares of company stock worth $5,384,174. Corporate insiders own 1.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of GPN. Raiff Partners Inc. acquired a new position in Global Payments during the fourth quarter valued at $104,000. Financial Architects Inc raised its position in Global Payments by 14.5% in the first quarter. Financial Architects Inc now owns 1,840 shares of the business services provider’s stock valued at $149,000 after buying an additional 233 shares in the last quarter. Morgan Dempsey Capital Management LLC raised its position in Global Payments by 86.6% in the first quarter. Morgan Dempsey Capital Management LLC now owns 2,004 shares of the business services provider’s stock valued at $162,000 after buying an additional 930 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in Global Payments by 84.8% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,033 shares of the business services provider’s stock valued at $164,000 after buying an additional 933 shares in the last quarter. Finally, WFG Advisors LP raised its position in Global Payments by 262.4% in the fourth quarter. WFG Advisors LP now owns 2,464 shares of the business services provider’s stock valued at $161,000 after buying an additional 1,784 shares in the last quarter. Hedge funds and other institutional investors own 97.82% of the company’s stock.
Global Payments Company Profile
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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