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.
Global Payments (NYSE:GPN) last announced its earnings results on Wednesday, November 8th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.12. Global Payments had a return on equity of 18.50% and a net margin of 7.14%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $917.31 million. During the same period last year, the firm posted $0.89 EPS. The business’s revenue was up 9.1% compared to the same quarter last year. equities analysts forecast that Global Payments will post 3.81 EPS for the current fiscal year.
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.