Barclays Increases Global Payments (NYSE:GPN) Price Target to $180.00

Global Payments (NYSE:GPN) had its price objective increased by Barclays from $165.00 to $180.00 in a research note published on Friday morning, BenzingaRatingsTable reports. Barclays currently has an overweight rating on the business services provider’s stock.

A number of other research analysts have also recently weighed in on GPN. Zacks Investment Research cut shares of GENEL ENERGY PL/ADR from a buy rating to a hold rating in a research note on Tuesday, May 7th. Morgan Stanley raised their target price on shares of SYSCO from $69.00 to $72.00 and gave the stock an equal weight rating in a research report on Tuesday, May 7th. Cantor Fitzgerald restated a hold rating and set a $8.00 target price on shares of Pacific Biosciences of California in a research report on Friday, May 3rd. Robert W. Baird raised their target price on shares of Global Payments from $174.00 to $182.00 and gave the stock an outperform rating in a research report on Tuesday, July 9th. Finally, Susquehanna Bancshares upgraded shares of Global Payments from a neutral rating to a positive rating and raised their target price for the stock from $130.00 to $170.00 in a research report on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $151.64.

Shares of GPN opened at $164.73 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.03 and a current ratio of 1.03. The stock’s 50 day simple moving average is $160.49. Global Payments has a 1-year low of $94.81 and a 1-year high of $168.83. The stock has a market cap of $25.89 billion, a PE ratio of 31.74, a price-to-earnings-growth ratio of 1.67 and a beta of 1.03.

Global Payments (NYSE:GPN) last issued its quarterly earnings data on Thursday, May 2nd. The business services provider reported $1.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.12. Global Payments had a net margin of 13.69% and a return on equity of 19.83%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the company posted $1.13 EPS. The company’s revenue was up 12.8% on a year-over-year basis. On average, equities analysts expect that Global Payments will post 5.81 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $0.01 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. Global Payments’s dividend payout ratio (DPR) is presently 0.77%.

In other Global Payments news, Director Alan M. Silberstein sold 700 shares of Global Payments stock in a transaction on Friday, June 14th. The shares were sold at an average price of $157.95, for a total value of $110,565.00. Following the transaction, the director now owns 40,163 shares in the company, valued at approximately $6,343,745.85. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert H. B. Baldwin, Jr. sold 4,250 shares of Global Payments stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $146.36, for a total transaction of $622,030.00. Following the completion of the transaction, the director now owns 48,382 shares in the company, valued at approximately $7,081,189.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,550 shares of company stock worth $831,625. 0.88% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in GPN. Stephens Investment Management Group LLC lifted its holdings in shares of Global Payments by 6.4% during the 1st quarter. Stephens Investment Management Group LLC now owns 53,565 shares of the business services provider’s stock valued at $7,313,000 after acquiring an additional 3,214 shares in the last quarter. GHP Investment Advisors Inc. lifted its holdings in shares of Global Payments by 2.1% during the 1st quarter. GHP Investment Advisors Inc. now owns 30,785 shares of the business services provider’s stock valued at $4,203,000 after acquiring an additional 635 shares in the last quarter. Wetherby Asset Management Inc. lifted its holdings in shares of Global Payments by 2.1% during the 1st quarter. Wetherby Asset Management Inc. now owns 10,635 shares of the business services provider’s stock valued at $1,452,000 after acquiring an additional 221 shares in the last quarter. Psagot Investment House Ltd. lifted its holdings in shares of Global Payments by 93.8% during the 4th quarter. Psagot Investment House Ltd. now owns 24,613 shares of the business services provider’s stock valued at $2,538,000 after acquiring an additional 11,913 shares in the last quarter. Finally, Conning Inc. lifted its holdings in shares of Global Payments by 3.7% during the 1st quarter. Conning Inc. now owns 2,510 shares of the business services provider’s stock valued at $343,000 after acquiring an additional 90 shares in the last quarter. Institutional investors own 97.84% of the company’s stock.

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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Analyst Recommendations for Global Payments (NYSE:GPN)

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