Global Payments Inc. (GPN) Given Consensus Recommendation of “Buy” by Brokerages
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.
WARNING: This piece was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another site, it was stolen and republished in violation of international copyright & trademark laws. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/08/15/global-payments-inc-gpn-given-consensus-recommendation-of-buy-by-brokerages.html.
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.
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.