Global Payments (NYSE:GPN) Given New $100.00 Price Target at JPMorgan Chase & Co.

Global Payments (NYSE:GPN) had its target price upped by JPMorgan Chase & Co. from $95.00 to $100.00 in a research report report published on Friday,Benzinga reports. They currently have a neutral rating on the business services provider’s stock.

GPN has been the topic of several other reports. William Blair reiterated a “market perform” rating on shares of Global Payments in a research report on Friday, October 30th. Weiss Ratings upgraded Global Payments from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. UBS Group began coverage on Global Payments in a report on Thursday, August 6th. They issued a “buy” rating for the company. HC Wainwright initiated coverage on shares of Global Payments in a research note on Thursday, August 6th. They set a “buy” rating for the company. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $83.00 price objective on shares of Global Payments in a report on Thursday, August 6th. Thirteen investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $97.79.

Global Payments Trading Up 0.0%

Shares of GPN opened at $97.42 on Friday. Global Payments has a fifty-two week low of $61.16 and a fifty-two week high of $101.32. The company has a market capitalization of $25.78 billion, a PE ratio of -21.36, a price-to-earnings-growth ratio of 0.47 and a beta of 0.83. The stock has a fifty day moving average of $86.72 and a two-hundred day moving average of $77.54. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.82 and a current ratio of 0.82.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Thursday, November 5th. The business services provider reported $3.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $3.58. The business had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.18 billion. Global Payments had a positive return on equity of 14.43% and a negative net margin of 11.21%. The business’s revenue was up 36.1% on a year-over-year basis. During the same quarter last year, the firm earned $3.26 earnings per share. As a group, analysts forecast that Global Payments will post 13.65 EPS for the current year.

Global Payments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 24th. Stockholders of record on Thursday, December 10th will be paid a $0.25 dividend. The ex-dividend date is Thursday, December 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.0%. Global Payments’s dividend payout ratio (DPR) is -21.93%.

Institutional Investors Weigh In On Global Payments

Several hedge funds have recently modified their holdings of the stock. Western Wealth Management LLC acquired a new position in Global Payments in the first quarter valued at approximately $34,000. Nvwm LLC bought a new position in Global Payments in the third quarter valued at approximately $41,000. Jacobi Capital Management LLC acquired a new stake in Global Payments during the 3rd quarter worth $47,000. Mather Group LLC. grew its holdings in Global Payments by 25.2% during the 3rd quarter. Mather Group LLC. now owns 622 shares of the business services provider’s stock worth $51,000 after acquiring an additional 125 shares during the period. Finally, Fortitude Family Office LLC raised its position in shares of Global Payments by 365.7% during the 3rd quarter. Fortitude Family Office LLC now owns 624 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 490 shares during the last quarter. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

About Global Payments

Global Payments Inc is a payment technology and software company that helps businesses accept and manage payments. Its services support in-person, online and mobile transactions, along with point-of-sale systems and software for business operations.

The company also provides technology to financial institutions and other organizations that issue payment cards. Its services include card processing, account management and related digital tools.

Global Payments serves customers across a range of industries and operates internationally, with services available in many countries.