Global Payments Inc. (NYSE:GPN) Given Consensus Rating of “Hold” by Analysts

Shares of Global Payments Inc. (NYSE:GPN) have been given a consensus rating of “Hold” by the twenty-five research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $97.8182.

A number of brokerages have weighed in on GPN. Evercore lowered their price objective on Global Payments from $90.00 to $85.00 in a report on Tuesday, November 11th. UBS Group restated a “neutral” rating and issued a $93.00 price target on shares of Global Payments in a research note on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft began coverage on Global Payments in a report on Wednesday, January 14th. They set a “hold” rating and a $80.00 price objective on the stock. Jefferies Financial Group reduced their target price on Global Payments from $85.00 to $75.00 and set a “hold” rating for the company in a report on Monday, November 24th. Finally, Cantor Fitzgerald raised shares of Global Payments to a “hold” rating in a research note on Tuesday, January 27th.

Insider Activity at Global Payments

In other news, Director Connie D. Mcdaniel sold 4,464 shares of Global Payments stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $77.81, for a total transaction of $347,343.84. Following the completion of the sale, the director directly owned 30,014 shares in the company, valued at approximately $2,335,389.34. This trade represents a 12.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David Lawrence Green sold 11,600 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $79.99, for a total value of $927,884.00. Following the completion of the sale, the insider owned 68,096 shares in the company, valued at approximately $5,446,999.04. This represents a 14.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 18,080 shares of company stock valued at $1,439,350 in the last 90 days. Insiders own 1.01% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. North Star Investment Management Corp. boosted its position in shares of Global Payments by 242.2% in the 3rd quarter. North Star Investment Management Corp. now owns 308 shares of the business services provider’s stock worth $26,000 after buying an additional 218 shares in the last quarter. Root Financial Partners LLC acquired a new position in Global Payments during the third quarter worth about $27,000. SouthState Bank Corp purchased a new stake in shares of Global Payments in the third quarter valued at about $28,000. REAP Financial Group LLC acquired a new stake in shares of Global Payments in the third quarter valued at approximately $28,000. Finally, LRI Investments LLC increased its stake in shares of Global Payments by 53.4% during the 2nd quarter. LRI Investments LLC now owns 382 shares of the business services provider’s stock worth $31,000 after purchasing an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Global Payments Trading Up 2.4%

Shares of Global Payments stock opened at $72.95 on Monday. Global Payments has a 52-week low of $65.93 and a 52-week high of $111.79. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.57. The company’s 50-day simple moving average is $77.14 and its 200-day simple moving average is $81.00. The firm has a market cap of $17.27 billion, a price-to-earnings ratio of 10.25, a price-to-earnings-growth ratio of 0.48 and a beta of 0.76.

Global Payments Company Profile

Global Payments Inc (NYSE: GPN) is a worldwide provider of payment technology and software solutions that enables commerce for merchants, issuers and enterprises. The company develops and operates payment processing networks, point-of-sale systems and cloud-based software that facilitate electronic transactions across in-store, online and mobile channels. Its services span merchant acquiring, payment gateway services, omnichannel commerce platforms, and solutions for recurring and subscription billing.

Global Payments offers a range of products and services including integrated payment terminals and point-of-sale software, e-commerce and gateway technologies, fraud prevention and tokenization tools, and business analytics and reporting.