Global Payments Inc. (NYSE:GPN) was downgraded by research analysts at Compass Point from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Friday, Marketbeat reports. They presently have a $96.00 price target on the business services provider’s stock, up from their previous price target of $95.72. Compass Point’s target price would suggest a potential downside of 0.98% from the stock’s previous close.

GPN has been the subject of a number of other reports. Stifel Nicolaus assumed coverage on shares of Global Payments in a research report on Thursday, June 1st. They set a “buy” rating and a $102.00 price target for the company. BMO Capital Markets upped their target price on shares of Global Payments from $91.00 to $93.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. Credit Suisse Group upped their target price on shares of Global Payments from $86.00 to $91.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. Barclays PLC reiterated a “buy” rating and issued a $96.00 target price on shares of Global Payments in a research report on Friday, May 5th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $100.00 target price on shares of Global Payments in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eighteen have given a buy rating to the company. Global Payments has a consensus rating of “Buy” and a consensus target price of $93.09.

Shares of Global Payments (NYSE:GPN) opened at 96.95 on Friday. Global Payments has a one year low of $64.63 and a one year high of $97.99. The firm has a market cap of $14.78 billion, a P/E ratio of 76.28 and a beta of 1.09. The firm has a 50 day moving average price of $91.86 and a 200-day moving average price of $84.63.

Global Payments (NYSE:GPN) last released its quarterly earnings results on Thursday, August 3rd. The business services provider reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.07. The firm had revenue of $847.90 million during the quarter, compared to analyst estimates of $837.76 million. Global Payments had a net margin of 6.65% and a return on equity of 18.32%. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.76 EPS. Analysts forecast that Global Payments will post $3.94 earnings per share for the current year.

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In other news, Director Ruth Ann Marshall sold 5,402 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $92.26, for a total transaction of $498,388.52. Following the completion of the transaction, the director now directly owns 41,476 shares of the company’s stock, valued at $3,826,575.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Alan M. Silberstein sold 600 shares of the company’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $88.09, for a total transaction of $52,854.00. Following the transaction, the director now directly owns 49,093 shares of the company’s stock, valued at $4,324,602.37. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,702 shares of company stock valued at $2,847,076. Insiders own 0.93% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Parametrica Management Ltd purchased a new position in shares of Global Payments during the first quarter valued at approximately $697,000. Bank of Montreal Can increased its position in shares of Global Payments by 18.5% in the first quarter. Bank of Montreal Can now owns 67,834 shares of the business services provider’s stock valued at $5,473,000 after buying an additional 10,604 shares during the period. First American Bank increased its position in shares of Global Payments by 41.0% in the first quarter. First American Bank now owns 63,259 shares of the business services provider’s stock valued at $5,104,000 after buying an additional 18,407 shares during the period. National Pension Service increased its position in shares of Global Payments by 87,070.3% in the first quarter. National Pension Service now owns 149,933 shares of the business services provider’s stock valued at $12,100,000 after buying an additional 149,761 shares during the period. Finally, Gulf International Bank UK Ltd increased its position in shares of Global Payments by 0.8% in the first quarter. Gulf International Bank UK Ltd now owns 47,571 shares of the business services provider’s stock valued at $3,838,000 after buying an additional 380 shares during the period. 98.70% of the stock is 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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