Global Payments (NYSE:GPN) had its price target hoisted by investment analysts at Oppenheimer from $21.00 to $23.00 in a research report issued to clients and investors on Friday. The firm currently has an “outperform” rating on the business services provider’s stock. Oppenheimer’s price objective would indicate a potential downside of 78.71% from the company’s previous close.
Several other equities research analysts have also issued reports on GPN. KeyCorp started coverage on Global Payments in a research report on Friday, September 22nd. They set an “overweight” rating and a $110.00 target price for the company. William Blair reaffirmed an “ourperform” rating on shares of Global Payments in a research report on Friday, September 22nd. Robert W. Baird raised their target price on Global Payments from $106.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, September 28th. Buckingham Research started coverage on Global Payments in a research report on Monday, October 2nd. They set a “buy” rating and a $113.00 target price for the company. Finally, Zacks Investment Research lowered Global Payments from a “hold” rating to a “sell” rating in a research report on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-two have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $104.76.
Shares of Global Payments (NYSE:GPN) traded up $1.83 during trading on Friday, hitting $108.01. The stock had a trading volume of 1,077,177 shares, compared to its average volume of 1,017,500. Global Payments has a 1 year low of $75.88 and a 1 year high of $108.06. The stock has a market cap of $17,190.00, a price-to-earnings ratio of 61.37, a PEG ratio of 1.64 and a beta of 1.11. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.27.
In other Global Payments news, Director Alan M. Silberstein sold 600 shares of the firm’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $106.05, for a total value of $63,630.00. Following the completion of the transaction, the director now owns 44,293 shares in the company, valued at approximately $4,697,272.65. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 3,600 shares of company stock valued at $366,270 in the last quarter. 0.93% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Catalyst Capital Advisors LLC purchased a new stake in shares of Global Payments in the 3rd quarter valued at about $100,000. Sun Life Financial INC raised its holdings in shares of 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. Raiff Partners Inc. purchased a new stake in shares of Global Payments in the 4th quarter valued at about $104,000. Thompson Davis & CO. Inc. raised its holdings in shares of 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. Finally, Acrospire Investment Management LLC raised its holdings in shares of Global Payments by 77.8% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the business services provider’s stock valued at $114,000 after acquiring an additional 700 shares in the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.
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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.
