Global Payments (GPN) Releases Earnings Results, Beats Expectations By $0.01 EPS

Global Payments (NYSE:GPN) issued its quarterly earnings results on Thursday. The business services provider reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01, Bloomberg Earnings reports. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $943.39 million. Global Payments had a return on equity of 18.50% and a net margin of 7.14%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.89 earnings per share. Global Payments updated its FY18 guidance to $4.95-5.15 EPS.

Shares of Global Payments (NYSE GPN) traded up $2.51 during midday trading on Thursday, reaching $110.09. The company’s stock had a trading volume of 1,036,261 shares, compared to its average volume of 1,075,232. The firm has a market capitalization of $17,004.37, a P/E ratio of 60.10, a PEG ratio of 1.59 and a beta of 1.14. 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 has a 1 year low of $76.47 and a 1 year high of $113.26.

In other Global Payments news, Director Alan M. Silberstein sold 600 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $100.48, for a total transaction of $60,288.00. Following the transaction, the director now owns 45,493 shares of the company’s stock, valued at $4,571,136.64. The sale was disclosed in a document filed with the SEC, which is available through this link. In the last three months, insiders have sold 3,600 shares of company stock worth $370,602. Company insiders own 0.93% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its position in Global Payments by 3.4% during the third quarter. JPMorgan Chase & Co. now owns 3,396,554 shares of the business services provider’s stock worth $319,071,000 after buying an additional 112,256 shares during the last quarter. Capital International Investors increased its position in Global Payments by 39.1% during the third quarter. Capital International Investors now owns 2,678,334 shares of the business services provider’s stock worth $254,522,000 after buying an additional 752,962 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Global Payments by 5.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,552,480 shares of the business services provider’s stock worth $255,861,000 after buying an additional 137,628 shares during the last quarter. Janus Henderson Group PLC increased its position in Global Payments by 0.4% during the third quarter. Janus Henderson Group PLC now owns 2,302,837 shares of the business services provider’s stock worth $218,838,000 after buying an additional 10,039 shares during the last quarter. Finally, Frontier Capital Management Co. LLC increased its position in Global Payments by 0.9% during the third quarter. Frontier Capital Management Co. LLC now owns 1,836,396 shares of the business services provider’s stock worth $174,513,000 after buying an additional 16,898 shares during the last quarter. 98.53% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently commented on the company. Robert W. Baird restated a “buy” rating and issued a $124.00 price target on shares of Global Payments in a report on Tuesday, January 23rd. Oppenheimer boosted their price target on Global Payments from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, January 19th. Nomura boosted their price target on Global Payments from $85.00 to $92.00 and gave the company a “reduce” rating in a report on Tuesday. Stephens upgraded Global Payments from an “equal weight” rating to an “overweight” rating and set a $122.00 price target on the stock in a report on Tuesday, January 9th. Finally, Morgan Stanley boosted their price target on Global Payments from $98.00 to $106.00 and gave the company an “equal weight” rating in a report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-two have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $105.51.

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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.

Earnings History for Global Payments (NYSE:GPN)

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