Global Payments Inc. (GPN) Given Consensus Rating of “Buy” by Analysts
Global Payments Inc. (NYSE:GPN) has received a consensus recommendation of “Buy” from the twenty-seven analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-one have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $99.01.
Several research analysts have recently weighed in on GPN shares. BidaskClub cut shares of Global Payments from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. Cowen and Company reissued a “buy” rating and set a $102.00 price objective on shares of Global Payments in a research note on Friday, September 8th. Bank of America Corporation began coverage on Global Payments in a research report on Tuesday, September 12th. They set a “buy” rating and a $110.00 target price for the company. Wells Fargo & Company upgraded Global Payments from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $90.00 to $110.00 in a research report on Friday, August 4th. Finally, Compass Point lowered Global Payments from a “buy” rating to a “neutral” rating and upped their target price for the stock from $95.72 to $96.00 in a research note on Friday, August 4th.
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In other news, Director Alan M. Silberstein sold 600 shares of the business’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $90.94, for a total transaction of $54,564.00. Following the sale, the director now owns 47,893 shares in the company, valued at approximately $4,355,389.42. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert H. B. Baldwin, Jr. sold 4,200 shares of the business’s stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $89.87, for a total transaction of $377,454.00. Following the sale, the director now owns 195,477 shares in the company, valued at approximately $17,567,517.99. The disclosure for this sale can be found here. Insiders have sold 141,749 shares of company stock worth $13,421,277 in the last quarter. 0.93% of the stock is owned by corporate insiders.
Several institutional investors have recently modified their holdings of GPN. Lord Abbett & CO. LLC lifted its position in Global Payments by 50.0% during the 2nd quarter. Lord Abbett & CO. LLC now owns 420,429 shares of the business services provider’s stock valued at $37,973,000 after acquiring an additional 140,109 shares during the period. Toronto Dominion Bank boosted its stake in Global Payments by 25.7% during the second quarter. Toronto Dominion Bank now owns 51,654 shares of the business services provider’s stock worth $4,665,000 after acquiring an additional 10,551 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its stake in Global Payments by 9.4% during the second quarter. Dynamic Technology Lab Private Ltd now owns 3,283 shares of the business services provider’s stock worth $297,000 after acquiring an additional 283 shares in the last quarter. Sterling Capital Management LLC grew its holdings in Global Payments by 3.1% in the second quarter. Sterling Capital Management LLC now owns 120,209 shares of the business services provider’s stock worth $10,857,000 after purchasing an additional 3,621 shares during the period. Finally, Ameritas Investment Partners Inc. grew its holdings in Global Payments by 0.4% in the second quarter. Ameritas Investment Partners Inc. now owns 17,368 shares of the business services provider’s stock worth $1,567,000 after purchasing an additional 65 shares during the period. Institutional investors own 97.84% of the company’s stock.
Global Payments (NYSE:GPN) opened at 96.62 on Wednesday. The company has a 50-day moving average of $95.29 and a 200-day moving average of $89.62. The company has a market capitalization of $14.73 billion, a PE ratio of 74.96 and a beta of 1.11. Global Payments has a 52 week low of $64.63 and a 52 week high of $98.14.
Global Payments (NYSE:GPN) last released its quarterly earnings data 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 company 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%. Global Payments’s revenue was up 18.4% compared to the same quarter last year. During the same period last year, the business earned $0.76 earnings per share. On average, equities research analysts anticipate that Global Payments will post $3.95 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a $0.01 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.04 annualized dividend and a yield of 0.04%. Global Payments’s dividend payout ratio (DPR) is presently 2.45%.
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.
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