Global Payments Inc (NYSE:GPN) has been given a consensus rating of “Buy” by the twenty-three research firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $135.53.
A number of equities analysts have issued reports on the company. Jefferies Financial Group assumed coverage on Global Payments in a report on Thursday, February 28th. They issued a “buy” rating and a $150.00 target price for the company. Barclays upped their target price on Global Payments from $133.00 to $145.00 and gave the stock an “overweight” rating in a report on Tuesday, February 19th. Zacks Investment Research raised Global Payments from a “sell” rating to a “hold” rating in a report on Monday, February 18th. TheStreet raised Global Payments from a “c” rating to a “b-” rating in a report on Wednesday, February 13th. Finally, Piper Jaffray Companies upped their target price on Global Payments to $152.00 and gave the stock an “overweight” rating in a report on Thursday, February 14th.
In other news, Director Robert H. B. Baldwin, Jr. sold 3,000 shares of the stock in a transaction dated Monday, January 14th. The stock was sold at an average price of $110.82, for a total value of $332,460.00. Following the completion of the sale, the director now owns 72,399 shares of the company’s stock, valued at $8,023,257.18. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jeffrey Steven Sloan sold 167,545 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $129.59, for a total value of $21,712,156.55. Following the completion of the sale, the chief executive officer now directly owns 579,207 shares of the company’s stock, valued at approximately $75,059,435.13. The disclosure for this sale can be found here. In the last three months, insiders sold 177,045 shares of company stock valued at $22,775,892. Insiders own 0.98% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Lunia Capital LP bought a new stake in shares of Global Payments during the 4th quarter valued at about $18,742,000. Norges Bank bought a new stake in shares of Global Payments during the 4th quarter valued at about $131,343,000. Boston Partners bought a new stake in shares of Global Payments during the 4th quarter valued at about $122,196,000. Marshall Wace North America L.P. boosted its position in shares of Global Payments by 43.5% during the 3rd quarter. Marshall Wace North America L.P. now owns 2,162,102 shares of the business services provider’s stock valued at $275,452,000 after purchasing an additional 655,495 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Global Payments by 14.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,520,530 shares of the business services provider’s stock valued at $575,914,000 after purchasing an additional 581,025 shares in the last quarter. 98.44% of the stock is owned by institutional investors.
Shares of GPN opened at $131.89 on Wednesday. Global Payments has a 12-month low of $94.81 and a 12-month high of $132.50. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $20.84 billion, a price-to-earnings ratio of 25.41, a PEG ratio of 1.26 and a beta of 1.15.
Global Payments (NYSE:GPN) last issued its earnings results on Wednesday, February 13th. The business services provider reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.08. Global Payments had a return on equity of 19.11% and a net margin of 13.43%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the prior year, the firm earned $1.07 EPS. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, research analysts forecast that Global Payments will post 5.72 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. Global Payments’s payout ratio is 0.77%.
Global Payments Company Profile
Global Payments Inc provides payment technology and software solutions for card, electronic, check, and digital-based payments. The company operates in three segments: North America, Europe, and Asia-Pacific. It offers authorization services, settlement and funding services, customer support and help-desk functions, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and statements, and online reporting services.
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