Global Payments Inc. (GPN) Given Consensus Recommendation of “Buy” by Analysts
Global Payments Inc. (NYSE:GPN) has been assigned an average recommendation of “Buy” from the twenty-eight analysts that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $100.45.
Several research firms recently commented on GPN. KeyCorp reiterated a “buy” rating and issued a $110.00 price target on shares of Global Payments in a research report on Friday. Nomura reissued a “sell” rating and issued a $83.00 price objective on shares of Global Payments in a research note on Monday, October 16th. Mizuho reissued a “buy” rating and issued a $105.00 price objective on shares of Global Payments in a research note on Sunday, October 15th. Barclays PLC raised their price objective on shares of Global Payments from $105.00 to $116.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 11th. Finally, Zacks Investment Research raised shares of Global Payments from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research note on Wednesday, October 11th.
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Global Payments (NYSE GPN) opened at 101.57 on Friday. Global Payments has a 52-week low of $64.63 and a 52-week high of $101.59. The company has a market cap of $15.49 billion, a price-to-earnings ratio of 78.80 and a beta of 1.11. The firm’s 50-day moving average price is $97.12 and its 200-day moving average price is $91.98.
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, topping the Thomson Reuters’ consensus estimate 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 return on equity of 18.32% and a net margin of 6.65%. The firm’s revenue was up 18.4% on a year-over-year basis. During the same quarter last year, the business posted $0.76 earnings per share. On average, equities analysts anticipate that Global Payments will post $3.95 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date of this dividend was Thursday, September 14th. Global Payments’s dividend payout ratio (DPR) is 2.45%.
In related news, Director Robert H. B. Baldwin, Jr. sold 26,000 shares of the business’s stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $99.82, for a total value of $2,595,320.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert H. B. Baldwin, Jr. sold 5,600 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $94.58, for a total transaction of $529,648.00. Following the completion of the transaction, the director now directly owns 178,177 shares of the company’s stock, valued at approximately $16,851,980.66. The disclosure for this sale can be found here. Insiders sold 153,549 shares of company stock valued at $14,698,521 in the last three months. 0.93% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Global Payments by 3.0% in the second quarter. Vanguard Group Inc. now owns 15,211,802 shares of the business services provider’s stock worth $1,373,930,000 after buying an additional 448,864 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Global Payments by 162.0% in the second quarter. JPMorgan Chase & Co. now owns 3,284,298 shares of the business services provider’s stock worth $296,636,000 after buying an additional 2,030,880 shares in the last quarter. Janus Henderson Group PLC raised its stake in Global Payments by 11,779.8% in the second quarter. Janus Henderson Group PLC now owns 2,292,798 shares of the business services provider’s stock worth $207,086,000 after buying an additional 2,273,498 shares in the last quarter. Capital International Investors bought a new position in Global Payments in the second quarter worth approximately $173,900,000. Finally, Frontier Capital Management Co. LLC raised its stake in Global Payments by 1.6% in the second quarter. Frontier Capital Management Co. LLC now owns 1,819,498 shares of the business services provider’s stock worth $164,337,000 after buying an additional 29,125 shares in the last quarter. 97.86% of the stock is owned by 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.
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