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.
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