Global Payments Inc. (NYSE:GPN)‘s stock had its “outperform” rating reissued by stock analysts at William Blair in a research note issued to investors on Monday.

Several other research analysts have also weighed in on the company. Atlantic Securities started coverage on Global Payments in a research report on Wednesday, April 12th. They issued an “overweight” rating and a $91.00 price objective for the company. Zacks Investment Research raised Global Payments from a “sell” rating to a “hold” rating in a research report on Wednesday, May 10th. Mizuho started coverage on Global Payments in a research report on Tuesday, June 27th. They issued a “buy” rating and a $105.00 target price for the company. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Global Payments in a research report on Monday, May 15th. Finally, Credit Suisse Group boosted their target price on Global Payments from $86.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nineteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $90.28.

Global Payments (NYSE:GPN) opened at 93.78 on Monday. The firm has a 50-day moving average price of $90.63 and a 200-day moving average price of $83.23. Global Payments has a 1-year low of $64.63 and a 1-year high of $94.32. The firm has a market capitalization of $14.30 billion, a PE ratio of 73.78 and a beta of 1.09.

Global Payments (NYSE:GPN) last announced its earnings results on Thursday, May 4th. The business services provider reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business had revenue of $919.76 million during the quarter, compared to analyst estimates of $767.09 million. During the same period last year, the company earned $0.64 EPS. Global Payments’s revenue for the quarter was up 46.9% compared to the same quarter last year. Equities analysts expect that Global Payments will post $3.91 earnings per share for the current fiscal year.

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In other news, Director Alan M. Silberstein sold 600 shares of the company’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $90.94, for a total value of $54,564.00. Following the transaction, the director now owns 47,893 shares of the company’s stock, valued at $4,355,389.42. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert H. B. Baldwin, Jr. sold 50,000 shares of the company’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $85.00, for a total transaction of $4,250,000.00. Following the completion of the transaction, the director now directly owns 267,552 shares in the company, valued at approximately $22,741,920. The disclosure for this sale can be found here. Insiders have sold a total of 70,702 shares of company stock worth $6,147,076 in the last three months. Insiders own 0.93% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Value Holdings Management CO. LLC boosted its position in Global Payments by 29.4% in the second quarter. Value Holdings Management CO. LLC now owns 219,600 shares of the business services provider’s stock valued at $19,834,000 after buying an additional 49,906 shares during the last quarter. US Bancorp DE boosted its position in Global Payments by 4.8% in the second quarter. US Bancorp DE now owns 32,900 shares of the business services provider’s stock valued at $2,972,000 after buying an additional 1,497 shares during the last quarter. Aperio Group LLC boosted its position in Global Payments by 26.5% in the second quarter. Aperio Group LLC now owns 32,874 shares of the business services provider’s stock valued at $2,969,000 after buying an additional 6,891 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in Global Payments by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the business services provider’s stock valued at $858,000 after buying an additional 100 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its position in Global Payments by 2.3% in the second quarter. LS Investment Advisors LLC now owns 4,506 shares of the business services provider’s stock valued at $407,000 after buying an additional 101 shares during the last quarter. 98.59% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Global Payments (NYSE:GPN)

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