Global Payments (NYSE:GPN) had its target price upped by equities researchers at SunTrust Banks from $210.00 to $245.00 in a research note issued on Thursday, The Fly reports. The brokerage currently has a “buy” rating on the business services provider’s stock. SunTrust Banks’ price objective suggests a potential upside of 18.72% from the company’s previous close.
Several other analysts have also recently issued reports on the company. Deutsche Bank increased their target price on Global Payments from $182.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. ValuEngine upgraded Global Payments from a “sell” rating to a “hold” rating in a research report on Wednesday, January 15th. Robert W. Baird increased their target price on Global Payments from $212.00 to $222.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Jefferies Financial Group increased their target price on Global Payments from $195.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Finally, Cfra increased their target price on Global Payments from $184.00 to $215.00 and gave the stock a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $210.42.
Shares of GPN opened at $206.37 on Thursday. The company has a quick ratio of 1.17, a current ratio of 1.22 and a debt-to-equity ratio of 0.32. The business has a 50-day simple moving average of $194.12 and a two-hundred day simple moving average of $174.32. The stock has a market cap of $62.02 billion, a price-to-earnings ratio of 87.45, a PEG ratio of 1.54 and a beta of 1.00. Global Payments has a 52 week low of $120.20 and a 52 week high of $206.18.
In related news, Director Joia M. Johnson acquired 560 shares of the stock in a transaction dated Monday, December 2nd. The stock was acquired at an average cost of $178.45 per share, with a total value of $99,932.00. Following the purchase, the director now directly owns 2,347 shares of the company’s stock, valued at $418,822.15. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William I. Jacobs sold 600 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $179.70, for a total value of $107,820.00. Following the completion of the sale, the director now directly owns 27,188 shares of the company’s stock, valued at $4,885,683.60. The disclosure for this sale can be found here. 0.88% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of GPN. First Financial Corp IN bought a new stake in shares of Global Payments in the 3rd quarter valued at approximately $27,000. Tarbox Family Office Inc. lifted its stake in shares of Global Payments by 130.7% in the 3rd quarter. Tarbox Family Office Inc. now owns 173 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 98 shares during the last quarter. Virtus ETF Advisers LLC bought a new stake in shares of Global Payments in the 4th quarter valued at approximately $29,000. Evoke Wealth LLC bought a new stake in shares of Global Payments in the 3rd quarter valued at approximately $30,000. Finally, Resources Management Corp CT ADV bought a new stake in shares of Global Payments in the 3rd quarter valued at approximately $32,000. 87.83% of the stock is owned by institutional investors and hedge funds.
Global Payments Company Profile
Global Payments Inc provides payment technology and software solutions for card, electronic, check, and digital-based payments. The company operates in three segments: North America, Europe, and Asia-Pacific. It offers authorization services, settlement and funding services, customer support and help-desk functions, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and statements, and online reporting services.
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