Global Payments Inc. (NYSE:GPN) Receives $110.91 Average Price Target from Brokerages

Shares of Global Payments Inc. (NYSE:GPN) have earned a consensus recommendation of “Hold” from the twenty-eight research firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $110.91.

A number of research analysts recently weighed in on GPN shares. Wolfe Research reissued a “peer perform” rating on shares of Global Payments in a report on Wednesday, April 23rd. Williams Trading set a $75.00 price target on Global Payments in a research report on Friday, April 18th. KeyCorp increased their price objective on shares of Global Payments from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 7th. JPMorgan Chase & Co. reduced their target price on Global Payments from $115.00 to $85.00 and set a “neutral” rating on the stock in a report on Wednesday, May 7th. Finally, Truist Financial began coverage on shares of Global Payments in a research note on Monday, June 2nd. They issued a “hold” rating and a $79.00 price target on the stock.

Institutional Trading of Global Payments

Hedge funds and other institutional investors have recently modified their holdings of the company. Optiver Holding B.V. purchased a new position in Global Payments during the 4th quarter valued at approximately $28,000. NBC Securities Inc. purchased a new position in Global Payments during the 1st quarter valued at $30,000. Whipplewood Advisors LLC purchased a new stake in Global Payments in the 4th quarter valued at about $37,000. Larson Financial Group LLC increased its holdings in Global Payments by 546.6% during the 1st quarter. Larson Financial Group LLC now owns 375 shares of the business services provider’s stock worth $37,000 after purchasing an additional 317 shares during the period. Finally, Zions Bancorporation National Association UT purchased a new position in shares of Global Payments during the first quarter valued at $37,000. 89.76% of the stock is owned by hedge funds and other institutional investors.

Global Payments Trading Up 2.4%

Shares of NYSE:GPN opened at $81.95 on Friday. The company’s fifty day simple moving average is $77.58 and its 200 day simple moving average is $93.35. Global Payments has a 12 month low of $65.93 and a 12 month high of $120.00. The firm has a market cap of $19.99 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 0.76 and a beta of 0.94. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.66.

Global Payments (NYSE:GPN) last issued its quarterly earnings results on Tuesday, May 6th. The business services provider reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.73 by $0.09. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.20 billion. Global Payments had a net margin of 15.48% and a return on equity of 12.33%. The company’s revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.59 EPS. As a group, research analysts forecast that Global Payments will post 11.89 EPS for the current fiscal year.

Global Payments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Friday, June 13th. Global Payments’s payout ratio is 16.13%.

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.