Global Payments Inc (GPN) Receives Consensus Rating of “Buy” from Brokerages

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.

Hedge funds have recently made changes to their positions in the stock. Sun Life Financial INC lifted its stake in Global Payments by 15,728.6% in the second quarter. Sun Life Financial INC now owns 1,108 shares of the business services provider’s stock worth $100,000 after acquiring an additional 1,101 shares during the period. Intellectus Partners LLC purchased a new stake in Global Payments in the second quarter worth $128,000. Commonwealth Bank of Australia lifted its stake in Global Payments by 13.6% in the second quarter. Commonwealth Bank of Australia now owns 1,466 shares of the business services provider’s stock worth $131,000 after acquiring an additional 176 shares during the period. Stephens Inc. AR purchased a new stake in Global Payments in the second quarter worth $143,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Global Payments by 28.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,819 shares of the business services provider’s stock worth $164,000 after acquiring an additional 400 shares during the period. 98.90% of the stock is owned by institutional investors.

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%.

COPYRIGHT VIOLATION NOTICE: This piece was first reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece on another site, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this piece can be viewed at https://www.com-unik.info/2018/01/12/global-payments-inc-gpn-receives-consensus-rating-of-buy-from-brokerages.html.

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)

Receive News & Ratings for Global Payments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Payments and related companies with MarketBeat.com's FREE daily email newsletter.

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