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

Global Payments Inc. (NYSE:GPN) declared a quarterly dividend on Wednesday, August 7th, RTT News reports. Investors of record on Friday, September 13th will be given a dividend of 0.25 per share by the business services provider on Friday, September 27th. This represents a $1.00 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Friday, September 13th.

Global Payments has increased its dividend by an average of 8.6% per year over the last three years. Global Payments has a dividend payout ratio of 7.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Global Payments to earn $12.54 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 8.0%.

Global Payments Trading Down 0.0 %

NYSE:GPN opened at $109.33 on Thursday. The company has a market cap of $27.82 billion, a P/E ratio of 21.69, a P/E/G ratio of 0.69 and a beta of 0.98. Global Payments has a 1 year low of $91.60 and a 1 year high of $141.77. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.92 and a quick ratio of 0.92. The stock’s fifty day moving average price is $103.42 and its two-hundred day moving average price is $111.08.

Global Payments (NYSE:GPN) last issued its earnings results on Wednesday, August 7th. The business services provider reported $2.93 EPS for the quarter, topping the consensus estimate of $2.90 by $0.03. Global Payments had a return on equity of 11.93% and a net margin of 14.26%. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter last year, the company earned $2.48 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. As a group, analysts expect that Global Payments will post 11.07 EPS for the current year.

Analyst Ratings Changes

GPN has been the subject of a number of recent analyst reports. Wells Fargo & Company initiated 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 target for the company. JPMorgan Chase & Co. upped their target price on Global Payments from $111.00 to $118.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. TD Cowen dropped their price target on Global Payments from $152.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, June 21st. Stephens decreased their price objective on shares of Global Payments from $145.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Finally, Susquehanna lowered their target price on shares of Global Payments from $157.00 to $147.00 and set a “positive” rating on the stock in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $140.96.

Insider Transactions at Global Payments

In related news, CAO David M. Sheffield sold 1,651 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $100.73, for a total transaction of $166,305.23. Following the completion of the sale, the chief accounting officer now directly owns 20,531 shares in the company, valued at approximately $2,068,087.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.98% of the company’s stock.

About Global Payments

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.