Global Payments Inc (GPN) Receives $112.76 Consensus PT from Brokerages

Shares of Global Payments Inc (NYSE:GPN) have been given a consensus recommendation of “Buy” by the twenty-eight brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and twenty-one have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $112.76.

A number of analysts have recently weighed in on GPN shares. Citigroup upped their target price on Global Payments from $122.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, February 16th. SunTrust Banks reiterated a “buy” rating and set a $130.00 target price on shares of Global Payments in a research report on Friday, February 16th. Deutsche Bank upped their target price on Global Payments and gave the company a “buy” rating in a research report on Friday, February 16th. BMO Capital Markets reiterated a “buy” rating and set a $135.00 target price on shares of Global Payments in a research report on Friday, February 16th. Finally, Cowen reiterated a “buy” rating and set a $127.00 target price on shares of Global Payments in a research report on Thursday, March 1st.

Shares of NYSE:GPN traded up $0.48 during trading on Monday, reaching $118.96. 9,424 shares of the company traded hands, compared to its average volume of 1,052,408. The company has a market cap of $18.64 billion, a price-to-earnings ratio of 29.62, a PEG ratio of 1.40 and a beta of 1.11. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.06 and a current ratio of 1.06. Global Payments has a 52 week low of $87.86 and a 52 week high of $119.65.

Global Payments (NYSE:GPN) last released its earnings results on Thursday, May 3rd. The business services provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. The firm had revenue of $924.30 million during the quarter, compared to the consensus estimate of $914.06 million. Global Payments had a return on equity of 17.66% and a net margin of 13.27%. The company’s revenue was up 17.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.85 EPS. research analysts predict that Global Payments will post 4.87 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be given a $0.01 dividend. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.04 annualized dividend and a yield of 0.03%. Global Payments’s dividend payout ratio is presently 1.00%.

Global Payments declared that its board has approved a stock repurchase plan on Thursday, February 15th that permits the company to repurchase $600.00 million in shares. This repurchase authorization permits the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

In other Global Payments news, Director William I. Jacobs sold 600 shares of the stock in a transaction dated Friday, April 13th. The stock was sold at an average price of $110.00, for a total value of $66,000.00. Following the completion of the transaction, the director now directly owns 35,875 shares in the company, valued at $3,946,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan M. Silberstein sold 5,300 shares of the stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $118.20, for a total value of $626,460.00. Following the completion of the transaction, the director now owns 46,497 shares of the company’s stock, valued at $5,495,945.40. The disclosure for this sale can be found here. Insiders sold 22,048 shares of company stock valued at $2,563,468 over the last quarter. Corporate insiders own 0.98% of the company’s stock.

A number of institutional investors have recently bought and sold shares of GPN. Cambridge Investment Research Advisors Inc. grew its position in shares of Global Payments by 8.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,863 shares of the business services provider’s stock valued at $654,000 after purchasing an additional 443 shares in the last quarter. New Mexico Educational Retirement Board lifted its holdings in shares of Global Payments by 3.5% during the 4th quarter. New Mexico Educational Retirement Board now owns 14,700 shares of the business services provider’s stock valued at $1,474,000 after buying an additional 500 shares during the period. Mutual of America Capital Management LLC lifted its holdings in shares of Global Payments by 2.0% during the 4th quarter. Mutual of America Capital Management LLC now owns 25,951 shares of the business services provider’s stock valued at $2,601,000 after buying an additional 508 shares during the period. Brinker Capital Inc. lifted its holdings in shares of Global Payments by 2.3% during the 1st quarter. Brinker Capital Inc. now owns 26,048 shares of the business services provider’s stock valued at $2,905,000 after buying an additional 575 shares during the period. Finally, WINTON GROUP Ltd lifted its holdings in shares of Global Payments by 19.0% during the 4th quarter. WINTON GROUP Ltd now owns 3,607 shares of the business services provider’s stock valued at $362,000 after buying an additional 576 shares during the period. Hedge funds and other institutional investors own 96.28% of the company’s stock.

Global Payments Company Profile

Global Payments Inc provides payment technology and software solutions for credit cards, debit cards, electronic payments, and check-related services. 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, online reporting, industry compliance, and payment card industry security services.

Analyst Recommendations for Global Payments (NYSE:GPN)

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