Global Payments Inc. (NYSE:GPN) Receives $145.32 Consensus Target Price from Analysts

Shares of Global Payments Inc. (NYSE:GPN) have received a consensus rating of “Moderate Buy” from the twenty-eight analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $145.32.

GPN has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods decreased their price target on Global Payments from $150.00 to $140.00 and set an “outperform” rating for the company in a research note on Monday, July 8th. Robert W. Baird decreased their target price on Global Payments from $182.00 to $150.00 and set an “outperform” rating for the company in a research note on Thursday, May 2nd. Barclays dropped their price target on shares of Global Payments from $160.00 to $145.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Wells Fargo & Company assumed coverage on shares of Global Payments in a research report on Wednesday, June 12th. They set an “equal weight” rating and a $100.00 price objective for the company. Finally, Mizuho cut their target price on shares of Global Payments from $129.00 to $105.00 and set a “neutral” rating for the company in a research note on Wednesday, May 15th.

Global Payments Price Performance

Shares of NYSE GPN opened at $101.16 on Friday. The stock has a market cap of $25.82 billion, a P/E ratio of 20.07, a P/E/G ratio of 0.66 and a beta of 0.98. The firm’s 50-day simple moving average is $99.50 and its 200 day simple moving average is $118.73. Global Payments has a fifty-two week low of $91.60 and a fifty-two week high of $141.77. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.68.

Global Payments (NYSE:GPN) last released its quarterly earnings results on Wednesday, May 1st. The business services provider reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $0.07. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.17 billion. Global Payments had a net margin of 13.40% and a return on equity of 11.72%. Equities analysts expect that Global Payments will post 11.09 EPS for the current year.

Global Payments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Friday, June 14th. Global Payments’s payout ratio is currently 19.84%.

Insider Activity

In other Global Payments news, VP Andrea M. Carter sold 3,300 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $111.34, for a total value of $367,422.00. Following the completion of the sale, the vice president now directly owns 25,209 shares of the company’s stock, valued at $2,806,770.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.98% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Global Payments

Institutional investors have recently bought and sold shares of the stock. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Global Payments in the fourth quarter worth $30,000. New Covenant Trust Company N.A. bought a new position in Global Payments in the 1st quarter worth $31,000. LRI Investments LLC acquired a new position in Global Payments during the 1st quarter worth $32,000. McGlone Suttner Wealth Management Inc. bought a new stake in Global Payments during the fourth quarter valued at about $41,000. Finally, West Paces Advisors Inc. grew its position in shares of Global Payments by 54.5% in the first quarter. West Paces Advisors Inc. now owns 309 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 109 shares during the last quarter. 89.76% of the stock is currently owned by institutional investors.

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.