Global Payments (GPN) Rating Increased to Overweight at Stephens

Stephens upgraded shares of Global Payments (NYSE:GPN) from an equal weight rating to an overweight rating in a research report sent to investors on Tuesday, January 9th, MarketBeat reports. Stephens currently has $122.00 price target on the business services provider’s stock.

A number of other equities analysts have also recently issued reports on GPN. Robert W. Baird boosted their price objective on shares of Global Payments from $106.00 to $110.00 and gave the company an outperform rating in a research report on Thursday, September 28th. KeyCorp initiated coverage on shares of Global Payments in a research report on Friday, September 22nd. They issued an overweight rating and a $110.00 price objective on the stock. William Blair reiterated an ourperform rating on shares of Global Payments in a research report on Friday, September 22nd. Bank of America initiated coverage on shares of Global Payments in a research report on Tuesday, September 12th. They set a buy rating and a $110.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price target on shares of Global Payments from $106.00 to $107.00 and gave the company an overweight rating in a research report on Tuesday, September 12th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $104.76.

Shares of Global Payments (NYSE GPN) traded up $1.83 during trading hours on Tuesday, reaching $108.01. 1,077,177 shares of the company were exchanged, compared to its average volume of 1,040,000. Global Payments has a one year low of $75.88 and a one year high of $108.06. The stock has a market cap of $17,190.00, a PE ratio of 61.37, a PEG ratio of 1.64 and a beta of 1.11. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.14 and a current ratio of 1.14.

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

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were paid a $0.01 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. Global Payments’s dividend payout ratio is presently 2.27%.

In other news, Director William I. Jacobs sold 600 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $98.32, for a total value of $58,992.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. In the last quarter, insiders sold 3,600 shares of company stock worth $366,270. Insiders own 0.93% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Pacer Advisors Inc. raised its holdings in shares of Global Payments by 8.5% during the second quarter. Pacer Advisors Inc. now owns 2,964 shares of the business services provider’s stock valued at $268,000 after purchasing an additional 232 shares during the last quarter. Keybank National Association OH raised its holdings in shares of Global Payments by 1.5% during the second quarter. Keybank National Association OH now owns 3,792 shares of the business services provider’s stock valued at $342,000 after purchasing an additional 56 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Global Payments by 5.3% during the second quarter. Principal Financial Group Inc. now owns 247,850 shares of the business services provider’s stock valued at $22,386,000 after purchasing an additional 12,509 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Global Payments by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,329 shares of the business services provider’s stock valued at $1,023,000 after purchasing an additional 34 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Global Payments during the second quarter valued at approximately $3,845,000. Hedge funds and other institutional investors 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.

Analyst Recommendations for Global Payments (NYSE:GPN)

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