Global Payments Inc. (NYSE:GPN)‘s stock had its “outperform” rating restated by research analysts at Credit Suisse Group in a research report issued to clients and investors on Thursday, The Fly reports. They presently have a $108.00 price objective on the business services provider’s stock, up from their previous price objective of $100.00. Credit Suisse Group’s target price would indicate a potential upside of 6.25% from the company’s current price. The analysts noted that the move was a valuation call.

Other analysts also recently issued reports about the company. Robert W. Baird restated a “buy” rating and set a $106.00 price objective on shares of Global Payments in a report on Tuesday, September 5th. Piper Jaffray Companies upped their price objective on Global Payments to $105.00 and gave the stock a “neutral” rating in a report on Wednesday. Stifel Nicolaus restated a “buy” rating and set a $121.00 price objective (up from $103.00) on shares of Global Payments in a report on Thursday. Royal Bank Of Canada dropped their price objective on Global Payments from $103.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, August 4th. Finally, Bank of America Corporation began coverage on Global Payments in a report on Tuesday, September 12th. They set a “buy” rating and a $110.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and twenty-two have assigned a buy rating to the stock. Global Payments currently has an average rating of “Buy” and an average target price of $103.16.

Global Payments (GPN) opened at $101.65 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $15,843.59, a price-to-earnings ratio of 30.12, a price-to-earnings-growth ratio of 1.90 and a beta of 1.14. Global Payments has a twelve month low of $64.63 and a twelve month high of $104.83.

Global Payments (NYSE:GPN) last issued its quarterly earnings results on Wednesday, November 8th. The business services provider reported $1.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.05. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $917.31 million. Global Payments had a return on equity of 18.32% and a net margin of 6.65%. Global Payments’s revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.89 EPS. equities research analysts anticipate that Global Payments will post 3.74 earnings per share for the current fiscal year.

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In other news, Director Robert H. B. Baldwin, Jr. sold 5,600 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $94.58, for a total transaction of $529,648.00. Following the transaction, the director now owns 178,177 shares of the company’s stock, valued at $16,851,980.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William I. Jacobs sold 600 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $94.20, for a total transaction of $56,520.00. Following the transaction, the director now directly owns 49,103 shares in the company, valued at approximately $4,625,502.60. The disclosure for this sale can be found here. Insiders have sold 77,755 shares of company stock worth $7,535,230 in the last ninety days. Corporate insiders own 0.93% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Thompson Davis & CO. Inc. lifted its position in shares of Global Payments by 0.8% during the second quarter. Thompson Davis & CO. Inc. now owns 1,197 shares of the business services provider’s stock worth $108,000 after purchasing an additional 10 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Global Payments by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,329 shares of the business services provider’s stock worth $1,023,000 after purchasing an additional 34 shares during the last quarter. Xact Kapitalforvaltning AB lifted its position in shares of Global Payments by 0.3% during the second quarter. Xact Kapitalforvaltning AB now owns 11,990 shares of the business services provider’s stock worth $1,083,000 after purchasing an additional 41 shares during the last quarter. First Personal Financial Services lifted its position in shares of Global Payments by 1.7% during the second quarter. First Personal Financial Services now owns 2,875 shares of the business services provider’s stock worth $260,000 after purchasing an additional 47 shares during the last quarter. Finally, Keybank National Association OH lifted its position in shares of Global Payments by 1.5% during the second quarter. Keybank National Association OH now owns 3,792 shares of the business services provider’s stock worth $342,000 after purchasing an additional 56 shares during the last quarter. 98.10% of the stock is currently owned by institutional investors and hedge funds.

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.

The Fly

Analyst Recommendations for Global Payments (NYSE:GPN)

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