Keefe, Bruyette & Woods Lowers Global Payments (NYSE:GPN) Price Target to $135.00

Global Payments (NYSE:GPN) had its target price decreased by equities research analysts at Keefe, Bruyette & Woods from $140.00 to $135.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 38.39% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. Barclays cut their price objective on shares of Global Payments from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Morgan Stanley reduced their price objective on Global Payments from $166.00 to $163.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $122.00 target price (down from $155.00) on shares of Global Payments in a research report on Thursday, January 9th. StockNews.com raised shares of Global Payments from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, Bank of America lowered their price objective on shares of Global Payments from $156.00 to $149.00 and set a “buy” rating on the stock in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $134.10.

Global Payments Trading Down 1.9 %

NYSE GPN opened at $97.55 on Monday. The stock has a market capitalization of $23.99 billion, a P/E ratio of 15.79, a P/E/G ratio of 0.86 and a beta of 1.04. The business has a 50 day simple moving average of $103.72 and a 200 day simple moving average of $107.32. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.93. Global Payments has a one year low of $90.99 and a one year high of $133.63.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Thursday, February 13th. The business services provider reported $2.84 EPS for the quarter, missing the consensus estimate of $2.98 by ($0.14). Global Payments had a return on equity of 12.21% and a net margin of 15.54%. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. Research analysts expect that Global Payments will post 11.89 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Beaird Harris Wealth Management LLC bought a new stake in Global Payments in the 3rd quarter valued at about $25,000. Optiver Holding B.V. purchased a new position in shares of Global Payments in the fourth quarter worth about $28,000. Whipplewood Advisors LLC bought a new stake in shares of Global Payments in the fourth quarter valued at approximately $37,000. Quintet Private Bank Europe S.A. bought a new stake in shares of Global Payments in the fourth quarter valued at approximately $38,000. Finally, True Wealth Design LLC purchased a new stake in shares of Global Payments during the 4th quarter valued at approximately $40,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.

About Global Payments

Global Payments Inc provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through two segments, Merchant Solutions and Issuer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services.