Deutsche Bank AG Reaffirms “Buy” Rating for Global Payments Inc. (GPN)

Deutsche Bank AG restated their buy rating on shares of Global Payments Inc. (NYSE:GPN) in a research note released on Tuesday. The brokerage currently has a $115.00 target price on the business services provider’s stock, up from their prior target price of $100.00.

GPN has been the topic of several other research reports. Robert W. Baird increased their price target on shares of Global Payments from $106.00 to $110.00 and gave the stock an outperform rating in a research note on Thursday, September 28th. J P Morgan Chase & Co increased their price target on shares of Global Payments from $106.00 to $107.00 and gave the stock an overweight rating in a research note on Tuesday, September 12th. Credit Suisse Group restated an outperform rating on shares of Global Payments in a research note on Tuesday, September 5th. Royal Bank Of Canada restated a buy rating and set a $90.00 price target on shares of Global Payments in a research note on Friday, July 7th. Finally, Zacks Investment Research upgraded shares of Global Payments from a hold rating to a buy rating and set a $101.00 target price on the stock in a research note on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $101.01.

Global Payments (NYSE:GPN) last announced its quarterly earnings results on Thursday, August 3rd. The business services provider reported $0.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.07. Global Payments had a net margin of 6.65% and a return on equity of 18.32%. The company had revenue of $847.90 million for the quarter, compared to analyst estimates of $837.76 million. During the same quarter in the prior year, the business posted $0.76 EPS. Global Payments’s quarterly revenue was up 18.4% on a year-over-year basis.

ILLEGAL ACTIVITY WARNING: This news story was posted by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another website, it was stolen and republished in violation of U.S. & international copyright laws. The correct version of this news story can be read at https://www.com-unik.info/2017/10/13/deutsche-bank-ag-reaffirms-buy-rating-for-global-payments-inc-gpn.html.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a dividend of $0.01 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. Global Payments’s payout ratio is 2.45%.

In other Global Payments news, Director Alan M. Silberstein sold 600 shares of the stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $90.94, for a total transaction of $54,564.00. Following the sale, the director now directly owns 47,893 shares in the company, valued at $4,355,389.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert H. B. Baldwin, Jr. sold 26,000 shares of the stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $99.82, for a total transaction of $2,595,320.00. The disclosure for this sale can be found here. Insiders have sold 162,949 shares of company stock worth $15,584,831 over the last quarter. Corporate insiders own 0.93% of the company’s stock.

A number of institutional investors have recently made changes to their positions in GPN. Sun Life Financial INC grew its stake in Global Payments by 15,728.6% during the second quarter. Sun Life Financial INC now owns 1,108 shares of the business services provider’s stock worth $100,000 after buying an additional 1,101 shares in the last quarter. Thompson Davis & CO. Inc. grew its stake in Global Payments by 0.8% during the second quarter. Thompson Davis & CO. Inc. now owns 1,197 shares of the business services provider’s stock worth $108,000 after buying an additional 10 shares in the last quarter. Intellectus Partners LLC acquired a new stake in Global Payments during the second quarter worth about $128,000. Commonwealth Bank of Australia grew its stake in Global Payments by 13.6% during the second quarter. Commonwealth Bank of Australia now owns 1,466 shares of the business services provider’s stock worth $131,000 after buying an additional 176 shares in the last quarter. Finally, Stephens Inc. AR acquired a new stake in Global Payments during the second quarter worth about $143,000. Hedge funds and other institutional investors own 97.84% of the company’s stock.

About Global Payments

Global Payments Inc is a provider of payment technology services. The Company provides payment and digital commerce solutions. The Company operates through three segments: North America, Europe and Asia-Pacific. The Company’s segments primarily provide payment solutions for credit cards, debit cards, electronic payments and check-related services.

Analyst Recommendations for Global Payments (NYSE:GPN)

What are top analysts saying about Global Payments Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Global Payments Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit