Global Payments Inc. (NYSE:GPN) – Analysts at Wedbush raised their FY2017 earnings per share (EPS) estimates for shares of Global Payments in a report released on Wednesday. Wedbush analyst M. Katri now anticipates that the business services provider will post earnings per share of $3.73 for the year, up from their previous forecast of $3.71. Wedbush currently has a “Outperform” rating and a $107.25 price objective on the stock.

Other equities analysts also recently issued research reports about the stock. BMO Capital Markets upped their price objective on shares of Global Payments from $91.00 to $93.00 and gave the company an “outperform” rating in a research note on Monday, May 15th. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Global Payments in a research note on Monday, May 15th. Cantor Fitzgerald reiterated a “buy” rating and set a $97.00 target price (up previously from $93.00) on shares of Global Payments in a research note on Monday, May 8th. Royal Bank Of Canada reiterated a “buy” rating and set a $90.00 target price on shares of Global Payments in a research note on Monday, May 15th. Finally, Instinet reiterated a “reduce” rating and set a $79.00 target price (up previously from $70.00) on shares of Global Payments in a research note on Wednesday, May 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twenty have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $90.28.

COPYRIGHT VIOLATION WARNING: “Wedbush Comments on Global Payments Inc.’s FY2017 Earnings (GPN)” was published by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another site, it was stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this news story can be read at https://www.americanbankingnews.com/2017/07/20/wedbush-comments-on-global-payments-inc-s-fy2017-earnings-gpn.html.

Shares of Global Payments (NYSE:GPN) opened at 92.80 on Thursday. The firm’s 50-day moving average price is $90.57 and its 200-day moving average price is $83.15. The firm has a market cap of $14.15 billion, a PE ratio of 73.01 and a beta of 1.09. Global Payments has a 12 month low of $64.63 and a 12 month high of $93.52.

Global Payments (NYSE:GPN) last issued its quarterly earnings results on Thursday, May 4th. The business services provider reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.10. Global Payments had a return on equity of 17.38% and a net margin of 6.22%. The company had revenue of $919.76 million during the quarter, compared to analysts’ expectations of $767.09 million. During the same quarter in the previous year, the firm posted $0.64 EPS. The firm’s revenue was up 46.9% compared to the same quarter last year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Thrivent Financial for Lutherans boosted its position in shares of Global Payments by 5.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 5,280 shares of the business services provider’s stock worth $366,000 after buying an additional 270 shares during the period. River & Mercantile Asset Management LLP bought a new position in shares of Global Payments during the fourth quarter worth about $1,204,000. Quadrature Capital Ltd bought a new position in shares of Global Payments during the fourth quarter worth about $380,000. Kentucky Retirement Systems bought a new position in shares of Global Payments during the fourth quarter worth about $774,000. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Global Payments during the fourth quarter worth about $345,000. 98.73% of the stock is owned by institutional investors.

In other Global Payments news, Director Robert H. B. Baldwin, Jr. sold 50,000 shares of the stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $85.00, for a total value of $4,250,000.00. Following the completion of the transaction, the director now directly owns 267,552 shares of the company’s stock, valued at $22,741,920. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director William I. Jacobs sold 600 shares of the stock in a transaction dated Thursday, July 13th. The shares were sold at an average price of $90.52, for a total transaction of $54,312.00. Following the completion of the transaction, the director now directly owns 41,275 shares of the company’s stock, valued at $3,736,213. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,102 shares of company stock valued at $6,092,512. 0.93% of the stock is currently owned by corporate insiders.

The business also recently announced a quarterly dividend, which was paid on Friday, June 23rd. Shareholders of record on Friday, June 9th were issued a $0.0133 dividend. The ex-dividend date was Wednesday, June 7th. This is a boost from Global Payments’s previous quarterly dividend of $0.01. This represents a $0.05 dividend on an annualized basis and a yield of 0.06%. Global Payments’s dividend payout ratio (DPR) is 3.45%.

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.

Earnings History and Estimates for Global Payments (NYSE:GPN)

Receive News & Ratings for Global Payments Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Payments Inc. and related companies with MarketBeat.com's FREE daily email newsletter.