Global Payments Inc. (NYSE:GPN) – Analysts at William Blair raised their Q2 2017 earnings per share (EPS) estimates for Global Payments in a research note issued to investors on Monday. William Blair analyst R. Napoli now forecasts that the business services provider will post earnings per share of $0.87 for the quarter, up from their prior estimate of $0.84. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for Global Payments’ Q4 2017 earnings at $1.01 EPS and FY2017 earnings at $3.74 EPS.

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

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Global Payments (GPN) opened at 94.80 on Tuesday. Global Payments has a 12 month low of $64.63 and a 12 month high of $95.00. The firm has a market cap of $14.46 billion, a PE ratio of 74.59 and a beta of 1.09. The firm’s 50-day moving average is $90.71 and its 200-day moving average is $83.63.

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 analysts’ consensus estimates of $0.75 by $0.10. The company had revenue of $919.76 million during the quarter, compared to analysts’ expectations of $767.09 million. Global Payments had a net margin of 6.22% and a return on equity of 17.38%. The firm’s quarterly revenue was up 46.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.64 earnings per share.

In related news, Director William I. Jacobs sold 600 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $87.72, for a total transaction of $52,632.00. Following the transaction, the director now owns 42,475 shares of the company’s stock, valued at $3,725,907. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ruth Ann Marshall sold 5,402 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $92.26, for a total transaction of $498,388.52. Following the transaction, the director now directly owns 41,476 shares in the company, valued at approximately $3,826,575.76. The disclosure for this sale can be found here. Insiders sold 70,702 shares of company stock valued at $6,147,076 over the last three months. 0.93% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of GPN. Wellington Management Group LLP raised its position in shares of Global Payments by 0.8% in the first quarter. Wellington Management Group LLP now owns 16,940,401 shares of the business services provider’s stock valued at $1,366,752,000 after buying an additional 126,712 shares during the last quarter. FMR LLC raised its position in shares of Global Payments by 12.4% in the first quarter. FMR LLC now owns 14,898,661 shares of the business services provider’s stock valued at $1,202,023,000 after buying an additional 1,647,907 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Global Payments by 2.4% in the first quarter. Vanguard Group Inc. now owns 14,762,938 shares of the business services provider’s stock valued at $1,191,073,000 after buying an additional 341,212 shares during the last quarter. BlackRock Inc. raised its position in shares of Global Payments by 3,093.1% in the first quarter. BlackRock Inc. now owns 13,529,075 shares of the business services provider’s stock valued at $1,091,527,000 after buying an additional 13,105,378 shares during the last quarter. Finally, State Street Corp raised its position in shares of Global Payments by 1.1% in the first quarter. State Street Corp now owns 5,989,099 shares of the business services provider’s stock valued at $483,201,000 after buying an additional 63,278 shares during the last quarter. 98.59% of the stock is currently owned by hedge funds and other institutional investors.

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)

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