Global Payments Inc. (NYSE:GPN)‘s stock had its “buy” rating restated by investment analysts at Royal Bank Of Canada in a report issued on Wednesday. They presently have a $103.00 price target on the business services provider’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 8.32% from the company’s current price.

A number of other brokerages have also weighed in on GPN. Barclays PLC raised their price objective on Global Payments from $98.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, August 4th. Credit Suisse Group restated an “outperform” rating and issued a $97.00 price objective (up previously from $91.00) on shares of Global Payments in a report on Thursday, July 13th. Robert W. Baird restated a “buy” rating and issued a $106.00 price objective on shares of Global Payments in a report on Tuesday, September 5th. Instinet restated a “reduce” rating and issued a $79.00 price objective (up previously from $70.00) on shares of Global Payments in a report on Wednesday, May 17th. Finally, Keefe, Bruyette & Woods restated a “buy” rating on shares of Global Payments in a report on Monday, May 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $96.33.

Global Payments (NYSE GPN) traded down 0.94% during midday trading on Wednesday, reaching $95.09. 1,047,840 shares of the company were exchanged. The firm’s 50 day moving average price is $94.87 and its 200-day moving average price is $87.47. The stock has a market capitalization of $14.50 billion, a P/E ratio of 57.98 and a beta of 1.11. Global Payments has a 52 week low of $64.63 and a 52 week high of $97.99.

Global Payments (NYSE:GPN) last released its quarterly earnings results on Thursday, August 3rd. The business services provider reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.07. The firm had revenue of $847.90 million for the quarter, compared to analysts’ expectations of $837.76 million. Global Payments had a net margin of 6.65% and a return on equity of 18.32%. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.76 EPS. Equities analysts forecast that Global Payments will post $3.95 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Global Payments Inc. (GPN) Given “Buy” Rating at Royal Bank Of Canada” was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another site, it was illegally stolen and reposted in violation of international trademark & copyright law. The legal version of this report can be read at https://www.americanbankingnews.com/2017/09/10/global-payments-inc-gpn-given-buy-rating-at-royal-bank-of-canada.html.

In related news, Director Alan M. Silberstein sold 600 shares of the firm’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $89.91, for a total transaction of $53,946.00. Following the completion of the sale, the director now directly owns 48,493 shares of the company’s stock, valued at approximately $4,360,005.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William I. Jacobs sold 8,428 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $94.05, for a total value of $792,653.40. Following the sale, the director now directly owns 40,675 shares of the company’s stock, valued at $3,825,483.75. The disclosure for this sale can be found here. Insiders have sold a total of 133,549 shares of company stock valued at $12,611,401 over the last three months. Corporate insiders own 0.93% of the company’s stock.

Several large investors have recently modified their holdings of GPN. Sun Life Financial INC grew its position in Global Payments by 15,728.6% in the 2nd quarter. Sun Life Financial INC now owns 1,108 shares of the business services provider’s stock valued at $100,000 after acquiring an additional 1,101 shares in the last quarter. Thompson Davis & CO. Inc. grew its position in Global Payments by 0.8% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,197 shares of the business services provider’s stock valued at $108,000 after acquiring an additional 10 shares in the last quarter. Intellectus Partners LLC acquired a new position in Global Payments in the 2nd quarter valued at about $128,000. Commonwealth Bank of Australia grew its position in Global Payments by 13.6% in the 2nd quarter. Commonwealth Bank of Australia now owns 1,466 shares of the business services provider’s stock valued at $131,000 after acquiring an additional 176 shares in the last quarter. Finally, Stephens Inc. AR acquired a new position in Global Payments in the 2nd quarter valued at about $143,000. 97.87% of the stock is 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.

Analyst Recommendations for Global Payments (NYSE:GPN)

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.