Shares of Global Payments Inc. (NYSE:GPN) have earned a consensus rating of “Buy” from the twenty-two research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eighteen have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $94.26.

A number of research analysts have recently weighed in on GPN shares. BMO Capital Markets increased their price objective on Global Payments from $91.00 to $93.00 and gave the company an “outperform” rating in a report on Friday, May 5th. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Global Payments in a report on Monday, May 15th. Royal Bank Of Canada cut their price objective on Global Payments from $103.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, August 4th. Stifel Nicolaus reissued a “buy” rating and issued a $103.00 price objective (up from $102.00) on shares of Global Payments in a report on Friday, August 4th. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $97.00 price objective (up from $93.00) on shares of Global Payments in a report on Monday, May 8th.

Shares of Global Payments (NYSE GPN) opened at 94.48 on Tuesday. Global Payments has a 1-year low of $64.63 and a 1-year high of $97.99. The company has a market capitalization of $14.41 billion, a P/E ratio of 73.30 and a beta of 1.09. The firm’s 50 day moving average price is $92.76 and its 200-day moving average price is $85.45.

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. Global Payments had a return on equity of 18.32% and a net margin of 6.65%. The company had revenue of $847.90 million during the quarter, compared to analysts’ expectations of $837.76 million. During the same period last year, the business posted $0.76 earnings per share. The firm’s revenue was up 18.4% compared to the same quarter last year. Analysts expect that Global Payments will post $3.95 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.04 annualized dividend and a yield of 0.04%. Global Payments’s dividend payout ratio (DPR) is 3.07%.

In other news, Director Alan M. Silberstein sold 600 shares of Global Payments stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $88.09, for a total value of $52,854.00. Following the completion of the sale, the director now directly owns 49,093 shares of the company’s stock, valued at $4,324,602.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider David E. Mangum sold 75,794 shares of Global Payments stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $94.51, for a total value of $7,163,290.94. Following the completion of the sale, the insider now directly owns 112,930 shares of the company’s stock, valued at $10,673,014.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 105,896 shares of company stock valued at $9,957,734. 0.93% of the stock is owned by insiders.

Large investors have recently modified their holdings of the stock. Financial Architects Inc boosted its stake in shares of Global Payments by 14.5% in the first quarter. Financial Architects Inc now owns 1,840 shares of the business services provider’s stock worth $149,000 after buying an additional 233 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Global Payments by 24.4% in the first quarter. Russell Investments Group Ltd. now owns 97,983 shares of the business services provider’s stock worth $7,907,000 after buying an additional 19,222 shares during the last quarter. Janney Capital Management LLC purchased a new stake in shares of Global Payments during the first quarter worth $253,000. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Global Payments by 4.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,099 shares of the business services provider’s stock worth $309,000 after buying an additional 185 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its stake in shares of Global Payments by 36.8% in the first quarter. Candriam Luxembourg S.C.A. now owns 9,645 shares of the business services provider’s stock worth $778,000 after buying an additional 2,597 shares during the last quarter. 98.62% of the stock is owned by institutional investors and hedge funds.

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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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