Analysts Set Global Payments Inc. (NYSE:GPN) PT at $151.92

Shares of Global Payments Inc. (NYSE:GPNGet Free Report) have earned an average recommendation of “Moderate Buy” from the twenty-seven analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and twenty-one have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $150.04.

Several research firms have commented on GPN. B. Riley lifted their price target on Global Payments from $180.00 to $186.00 and gave the company a “buy” rating in a report on Monday, February 5th. BMO Capital Markets reduced their price objective on Global Payments from $143.00 to $128.00 and set a “market perform” rating on the stock in a research note on Thursday. TheStreet raised Global Payments from a “c” rating to a “b-” rating in a research report on Thursday, February 1st. Susquehanna reduced their price target on Global Payments from $160.00 to $157.00 and set a “positive” rating on the stock in a research report on Thursday. Finally, Wedbush upped their target price on Global Payments from $130.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, January 10th.

Read Our Latest Stock Report on GPN

Institutional Trading of Global Payments

Several institutional investors have recently modified their holdings of GPN. Salomon & Ludwin LLC lifted its holdings in shares of Global Payments by 82.5% during the first quarter. Salomon & Ludwin LLC now owns 491 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 222 shares during the last quarter. FinTrust Capital Advisors LLC raised its position in Global Payments by 2,311.0% during the first quarter. FinTrust Capital Advisors LLC now owns 4,605 shares of the business services provider’s stock valued at $616,000 after buying an additional 4,414 shares during the period. Daiwa Securities Group Inc. raised its position in Global Payments by 8.3% during the first quarter. Daiwa Securities Group Inc. now owns 28,618 shares of the business services provider’s stock valued at $3,825,000 after buying an additional 2,193 shares during the period. Bryn Mawr Capital Management LLC increased its position in Global Payments by 2.0% in the 1st quarter. Bryn Mawr Capital Management LLC now owns 53,518 shares of the business services provider’s stock worth $7,153,000 after purchasing an additional 1,034 shares during the last quarter. Finally, Fidelis Capital Partners LLC increased its position in Global Payments by 5.1% in the 1st quarter. Fidelis Capital Partners LLC now owns 1,930 shares of the business services provider’s stock worth $258,000 after purchasing an additional 93 shares during the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Global Payments Price Performance

Global Payments stock opened at $110.54 on Tuesday. The company has a market cap of $28.20 billion, a P/E ratio of 29.24, a price-to-earnings-growth ratio of 0.79 and a beta of 0.97. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.99 and a current ratio of 0.99. Global Payments has a one year low of $95.12 and a one year high of $141.77. The business has a fifty day moving average of $127.93 and a two-hundred day moving average of $124.72.

Global Payments (NYSE:GPNGet Free Report) last released its quarterly earnings results on Wednesday, February 14th. The business services provider reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.64 by $0.01. The business had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.18 billion. Global Payments had a return on equity of 11.44% and a net margin of 10.22%. The business’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.30 EPS. As a group, analysts predict that Global Payments will post 10.94 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.00 annualized dividend and a dividend yield of 0.90%. Global Payments’s dividend payout ratio (DPR) is 26.46%.

About Global Payments

(Get Free Report

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.

Further Reading

Analyst Recommendations for Global Payments (NYSE:GPN)

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