Global Payments Inc. to Issue Quarterly Dividend of $0.25 (NYSE:GPN)

Global Payments Inc. (NYSE:GPN) declared a quarterly dividend on Wednesday, May 1st, Zacks reports. Shareholders of record on Friday, June 14th will be paid a dividend of 0.25 per share by the business services provider on Friday, June 28th. This represents a $1.00 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Friday, June 14th.

Global Payments has raised its dividend by an average of 8.6% per year over the last three years.

Global Payments Price Performance

Shares of GPN traded down $0.66 during trading hours on Thursday, reaching $108.40. 607,614 shares of the company’s stock traded hands, compared to its average volume of 2,226,728. The stock has a market cap of $27.65 billion, a PE ratio of 28.78, a price-to-earnings-growth ratio of 0.79 and a beta of 0.97. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.67. The firm’s 50 day simple moving average is $128.37 and its 200-day simple moving average is $124.82. Global Payments has a 12 month low of $95.12 and a 12 month high of $141.77.

Global Payments (NYSE:GPN) last released its earnings results on Wednesday, February 14th. The business services provider reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.64 by $0.01. The company had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.18 billion. Global Payments had a return on equity of 11.44% and a net margin of 10.22%. Global Payments’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.30 EPS. Equities analysts expect that Global Payments will post 10.94 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the company. StockNews.com cut Global Payments from a “buy” rating to a “hold” rating in a research note on Thursday. Wedbush lifted their price target on Global Payments from $130.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 10th. Mizuho reaffirmed a “neutral” rating and issued a $129.00 price target on shares of Global Payments in a research note on Wednesday, March 27th. B. Riley lifted their price target on Global Payments from $180.00 to $186.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Finally, Evercore ISI reduced their target price on Global Payments from $185.00 to $180.00 and set an “outperform” rating on the stock in a research note on Thursday, February 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.56.

Global Payments Company Profile

Global Payments Inc provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through two segments, Merchant Solutions and Issuer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services.