Global Payments Inc (GPN) Receives $105.08 Consensus Price Target from Brokerages

Global Payments Inc (NYSE:GPN) has received a consensus recommendation of “Buy” from the thirty research firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-two have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $105.08.

Several research analysts recently commented on GPN shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $122.00 price target on shares of Global Payments in a research note on Friday, December 22nd. Zacks Investment Research downgraded shares of Global Payments from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Stephens raised shares of Global Payments from an “equal weight” rating to an “overweight” rating and set a $122.00 target price on the stock in a research report on Tuesday, January 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. Finally, Nomura raised their target price on shares of Global Payments from $83.00 to $85.00 and gave the company a “reduce” rating in a research report on Thursday, November 9th.

Global Payments (GPN) traded down $0.16 during mid-day trading on Tuesday, reaching $100.43. 560,109 shares of the company traded hands, compared to its average volume of 974,277. The stock has a market cap of $16,920.02, a P/E ratio of 56.20, a PEG ratio of 1.58 and a beta of 1.14. Global Payments has a 52 week low of $76.47 and a 52 week high of $113.26. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.27.

Global Payments (NYSE:GPN) last posted its quarterly earnings results on Wednesday, November 8th. The business services provider reported $1.15 EPS 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 the consensus estimate of $917.31 million. Global Payments had a net margin of 7.14% and a return on equity of 18.50%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.89 EPS. analysts predict that Global Payments will post 3.81 earnings per share for the current fiscal year.

In other news, Director William I. Jacobs sold 600 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $98.32, for a total value of $58,992.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 3,600 shares of company stock worth $366,270 over the last 90 days. Company insiders own 0.93% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its holdings in shares of Global Payments by 3.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 58,410 shares of the business services provider’s stock valued at $5,551,000 after buying an additional 2,081 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Global Payments by 9.3% in the 3rd quarter. Wells Fargo & Company MN now owns 1,679,426 shares of the business services provider’s stock valued at $159,596,000 after buying an additional 142,950 shares in the last quarter. Chevy Chase Trust Holdings Inc. boosted its holdings in shares of Global Payments by 3.7% in the 4th quarter. Chevy Chase Trust Holdings Inc. now owns 138,142 shares of the business services provider’s stock valued at $13,847,000 after buying an additional 4,870 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Global Payments by 9.5% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,401 shares of the business services provider’s stock worth $1,178,000 after purchasing an additional 1,072 shares in the last quarter. Finally, Capital Bank & Trust Co boosted its stake in Global Payments by 102.2% in the 3rd quarter. Capital Bank & Trust Co now owns 393,153 shares of the business services provider’s stock worth $37,361,000 after purchasing an additional 198,713 shares in the last quarter. Institutional investors and hedge funds own 98.79% 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.

Analyst Recommendations for Global Payments (NYSE:GPN)

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