FY2021 EPS Estimates for Global Payments Inc. (NYSE:GPN) Increased by Analyst


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Global Payments Inc. (NYSE:GPN) – Jefferies Financial Group raised their FY2021 earnings per share estimates for Global Payments in a note issued to investors on Wednesday, January 13th. Jefferies Financial Group analyst T. Williams now anticipates that the business services provider will post earnings per share of $7.62 for the year, up from their prior estimate of $7.56.

Other research analysts have also issued research reports about the company. KeyCorp lowered their price target on Global Payments from $200.00 to $175.00 and set an “overweight” rating on the stock in a research report on Monday, November 2nd. JPMorgan Chase & Co. boosted their target price on Global Payments from $200.00 to $209.00 and gave the stock an “overweight” rating in a report on Tuesday, October 20th. Loop Capital began coverage on Global Payments in a report on Tuesday, September 22nd. They set a “buy” rating and a $199.00 target price on the stock. BidaskClub raised Global Payments from a “hold” rating to a “buy” rating in a report on Wednesday, December 30th. Finally, Truist decreased their target price on Global Payments from $235.00 to $200.00 in a report on Friday, October 30th. Five investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. Global Payments presently has an average rating of “Buy” and an average price target of $203.23.

NYSE:GPN opened at $199.05 on Thursday. The firm has a market capitalization of $59.58 billion, a price-to-earnings ratio of 118.48, a price-to-earnings-growth ratio of 1.73 and a beta of 1.17. Global Payments has a twelve month low of $105.54 and a twelve month high of $215.70. The stock’s 50 day moving average price is $201.15 and its two-hundred day moving average price is $181.26. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.30.

Global Payments (NYSE:GPN) last posted its quarterly earnings results on Thursday, October 29th. The business services provider reported $1.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.05. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.73 billion. Global Payments had a return on equity of 6.46% and a net margin of 6.75%. The business’s quarterly revenue was up 73.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.70 EPS.

A number of institutional investors have recently modified their holdings of the business. Amundi Pioneer Asset Management Inc. increased its stake in Global Payments by 48.0% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 111,641 shares of the business services provider’s stock valued at $15,241,000 after buying an additional 36,216 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Global Payments by 8.4% in the second quarter. PNC Financial Services Group Inc. now owns 90,280 shares of the business services provider’s stock valued at $15,315,000 after buying an additional 7,005 shares during the last quarter. Captrust Financial Advisors boosted its position in Global Payments by 63.3% in the second quarter. Captrust Financial Advisors now owns 4,826 shares of the business services provider’s stock valued at $828,000 after buying an additional 1,871 shares during the last quarter. AQR Capital Management LLC boosted its position in Global Payments by 21.7% in the second quarter. AQR Capital Management LLC now owns 52,099 shares of the business services provider’s stock valued at $8,634,000 after buying an additional 9,274 shares during the last quarter. Finally, Stephens Investment Management Group LLC boosted its position in Global Payments by 4.7% in the second quarter. Stephens Investment Management Group LLC now owns 65,494 shares of the business services provider’s stock valued at $11,109,000 after buying an additional 2,914 shares during the last quarter. Institutional investors and hedge funds own 79.70% of the company’s stock.

In other news, Director John Thompson Turner sold 1,064 shares of the firm’s stock in a transaction dated Wednesday, November 11th. The shares were sold at an average price of $190.53, for a total transaction of $202,723.92. Following the completion of the sale, the director now owns 4,773 shares in the company, valued at approximately $909,399.69. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William I. Jacobs sold 500 shares of the firm’s stock in a transaction dated Tuesday, December 15th. The stock was sold at an average price of $192.93, for a total transaction of $96,465.00. Following the sale, the director now owns 22,893 shares of the company’s stock, valued at approximately $4,416,746.49. The disclosure for this sale can be found here. Company insiders own 0.88% of the company’s stock.

The business also recently announced a quarterly dividend, which was paid on Thursday, December 31st. Stockholders of record on Thursday, December 17th were paid a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend was Wednesday, December 16th. Global Payments’s dividend payout ratio is presently 13.31%.

Global Payments Company Profile

Global Payments Inc provides payment technology and software solutions for card, electronic, check, and digital-based payments in North America, Europe, the Asia-Pacific, and Latin America. The company operates through three segments: Merchant Solutions, Issuer Solutions, and Business and Consumer Solutions.

See Also: Gross Domestic Product (GDP)

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