Shares of Global Payments Inc (NYSE:GPN) have earned an average rating of “Buy” from the twenty-nine research firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twenty-one have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $107.70.
GPN has been the topic of several research analyst reports. Nomura restated a “sell” rating and issued a $83.00 price objective on shares of Global Payments in a research report on Monday, October 16th. Morgan Stanley upped 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. Royal Bank of Canada restated an “outperform” rating and issued a $108.00 price objective (up from $103.00) on shares of Global Payments in a research report on Thursday, November 9th. Zacks Investment Research cut shares of Global Payments from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, BMO Capital Markets increased their price target on shares of Global Payments from $103.00 to $115.00 and gave the company a “positive” rating in a research report on Thursday, November 9th.
In other news, Director William I. Jacobs sold 600 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $98.32, for a total transaction of $58,992.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have sold 3,000 shares of company stock valued at $299,082. Insiders own 0.93% of the company’s stock.
Global Payments (NYSE GPN) opened at $104.00 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. The firm has a market cap of $16,550.00, a P/E ratio of 59.09, a P/E/G ratio of 1.60 and a beta of 1.11. Global Payments has a 52-week low of $75.88 and a 52-week high of $106.52.
Global Payments (NYSE:GPN) last posted its quarterly earnings data on Wednesday, November 8th. The business services provider reported $1.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.12. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $917.31 million. Global Payments had a net margin of 7.14% and a return on equity of 18.50%. Global Payments’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.89 earnings per share. analysts anticipate that Global Payments will post 3.81 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date of this dividend was Thursday, December 14th. Global Payments’s dividend payout ratio (DPR) is presently 2.27%.
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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.
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