Global Payments Inc (GPN) Receives Average Rating of “Buy” from Analysts

Shares of Global Payments Inc (NYSE:GPN) have earned an average recommendation of “Buy” from the twenty-eight ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $121.33.

A number of research analysts have issued reports on GPN shares. Zacks Investment Research cut shares of Global Payments from a “hold” rating to a “sell” rating in a report on Monday, July 23rd. Morgan Stanley increased their target price on shares of Global Payments from $119.00 to $124.00 and gave the company a “$117.08” rating in a report on Thursday, July 19th. Buckingham Research increased their target price on shares of Global Payments from $120.00 to $135.00 and gave the company a “buy” rating in a report on Friday, August 3rd. Guggenheim cut shares of Global Payments from a “buy” rating to a “neutral” rating in a report on Monday. Finally, Robert W. Baird increased their target price on shares of Global Payments from $136.00 to $142.00 and gave the company an “outperform” rating in a report on Wednesday, October 17th.

In other news, Director Alan M. Silberstein sold 600 shares of the firm’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $119.01, for a total transaction of $71,406.00. Following the completion of the transaction, the director now directly owns 44,269 shares of the company’s stock, valued at approximately $5,268,453.69. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Cameron M. Bready sold 57,737 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $127.78, for a total transaction of $7,377,633.86. Following the transaction, the insider now directly owns 189,083 shares of the company’s stock, valued at $24,161,025.74. The disclosure for this sale can be found here. Over the last three months, insiders have sold 92,955 shares of company stock valued at $11,773,553. Corporate insiders own 0.98% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Atria Investments LLC boosted its position in Global Payments by 5.6% during the third quarter. Atria Investments LLC now owns 8,156 shares of the business services provider’s stock worth $1,039,000 after acquiring an additional 431 shares during the last quarter. State of Alaska Department of Revenue boosted its position in Global Payments by 1.9% during the second quarter. State of Alaska Department of Revenue now owns 25,628 shares of the business services provider’s stock worth $2,856,000 after acquiring an additional 469 shares during the last quarter. First Mercantile Trust Co. boosted its position in Global Payments by 4.7% during the third quarter. First Mercantile Trust Co. now owns 10,834 shares of the business services provider’s stock worth $1,380,000 after acquiring an additional 488 shares during the last quarter. First Republic Investment Management Inc. boosted its position in Global Payments by 6.5% during the second quarter. First Republic Investment Management Inc. now owns 8,079 shares of the business services provider’s stock worth $901,000 after acquiring an additional 494 shares during the last quarter. Finally, Riverhead Capital Management LLC boosted its position in Global Payments by 9.8% during the second quarter. Riverhead Capital Management LLC now owns 5,838 shares of the business services provider’s stock worth $651,000 after acquiring an additional 519 shares during the last quarter. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Shares of Global Payments stock opened at $115.04 on Thursday. Global Payments has a 12-month low of $95.32 and a 12-month high of $129.25. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $17.74 billion, a price-to-earnings ratio of 28.69, a P/E/G ratio of 1.32 and a beta of 1.18.

Global Payments (NYSE:GPN) last issued its earnings results on Tuesday, October 30th. The business services provider reported $1.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.05. Global Payments had a net margin of 17.48% and a return on equity of 18.38%. The company had revenue of $857.70 million during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the company posted $1.15 earnings per share. The firm’s quarterly revenue was down 17.4% compared to the same quarter last year. As a group, sell-side analysts predict that Global Payments will post 4.88 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be paid a dividend of $0.01 per share. The ex-dividend date is Thursday, December 13th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. Global Payments’s dividend payout ratio (DPR) is 1.00%.

Global Payments Company Profile

Global Payments Inc provides payment technology and software solutions for credit cards, debit cards, electronic payments, and check-related services. 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, online reporting, industry compliance, and payment card industry security services.

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Analyst Recommendations for Global Payments (NYSE:GPN)

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