Global Payments (NYSE:GPN)‘s stock had its “buy” rating reaffirmed by equities researchers at Keefe, Bruyette & Woods in a report released on Friday. They presently have a $122.00 target price on the business services provider’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 21.56% from the company’s previous close.
A number of other brokerages also recently issued reports on GPN. Morgan Stanley lifted their price objective on shares of Global Payments from $98.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 2nd. Stifel Nicolaus reissued a “buy” rating and set a $121.00 target price (up previously from $103.00) on shares of Global Payments in a research report on Thursday, November 9th. Credit Suisse Group reissued an “outperform” rating and set a $108.00 target price (up previously from $100.00) on shares of Global Payments in a research report on Thursday, November 9th. They noted that the move was a valuation call. BMO Capital Markets boosted their target price on shares of Global Payments from $103.00 to $115.00 and gave the stock a “positive” rating in a research report on Thursday, November 9th. Finally, Piper Jaffray Companies boosted their target price on shares of Global Payments to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-two have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $106.15.
Global Payments (NYSE GPN) opened at $100.36 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.14 and a quick ratio of 1.14. Global Payments has a 12-month low of $68.98 and a 12-month high of $104.90. The stock has a market cap of $16,187.96, a P/E ratio of 56.07, a PEG ratio of 1.87 and a beta of 1.11.
In related news, Director Alan M. Silberstein sold 600 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $101.55, for a total value of $60,930.00. Following the completion of the transaction, the director now directly owns 44,893 shares in the company, valued at approximately $4,558,884.15. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert H. B. Baldwin, Jr. sold 26,000 shares of the business’s stock in a transaction on Thursday, October 12th. The shares were 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. Over the last quarter, insiders sold 29,600 shares of company stock valued at $2,954,042. Company insiders own 0.93% of the company’s stock.
A number of large investors have recently bought and sold shares of GPN. Sun Life Financial INC boosted 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 during the period. Thompson Davis & CO. Inc. boosted 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 during the period. Intellectus Partners LLC purchased a new position in Global Payments during the second quarter worth about $128,000. Commonwealth Bank of Australia boosted 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 during the period. Finally, Stephens Inc. AR purchased a new position in Global Payments during the second quarter worth about $143,000. Institutional investors own 98.90% of the company’s stock.
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Global Payments Company Profile
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.
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