Global Payments (GPN) Upgraded at Stephens

Stephens upgraded shares of Global Payments (NYSE:GPN) from an equal weight rating to an overweight rating in a report published on Tuesday, MarketBeat reports. Stephens currently has $122.00 price target on the business services provider’s stock.

GPN has been the topic of several other research reports. Zacks Investment Research upgraded shares of Global Payments from a hold rating to a buy rating and set a $110.00 price target on the stock in a research note on Wednesday, October 11th. KeyCorp restated a buy rating and issued a $110.00 price target on shares of Global Payments in a research note on Friday, October 27th. Bank of America began coverage on shares of Global Payments in a research note on Tuesday, September 12th. They issued a buy rating and a $110.00 price target on the stock. Keefe, Bruyette & Woods restated a buy rating and issued a $122.00 price target on shares of Global Payments in a research note on Friday, December 22nd. Finally, SunTrust Banks restated a buy rating and issued a $120.00 price target on shares of Global Payments in a research note on Friday, November 10th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-one have given a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $107.79.

Shares of Global Payments (NYSE GPN) traded down $0.74 during trading hours on Tuesday, hitting $103.26. 843,457 shares of the company’s stock traded hands, compared to its average volume of 1,140,000. Global Payments has a 12 month low of $75.88 and a 12 month high of $106.52. The firm has a market capitalization of $16,430.00, a price-to-earnings ratio of 58.67, a P/E/G ratio of 1.61 and a beta of 1.11. 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 announced its quarterly earnings results on Wednesday, November 8th. The business services provider reported $1.15 EPS for the quarter, beating the consensus estimate of $1.03 by $0.12. Global Payments had a net margin of 7.14% and a return on equity of 18.50%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $917.31 million. During the same quarter last year, the business earned $0.89 earnings per share. Global Payments’s revenue was up 9.1% compared to the same quarter last year. sell-side analysts anticipate that Global Payments will post 3.81 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date of this dividend was Thursday, December 14th. Global Payments’s payout ratio is 2.27%.

In related news, Director Alan M. Silberstein sold 600 shares of the firm’s stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $97.69, for a total transaction of $58,614.00. Following the completion of the sale, the director now directly owns 46,093 shares in the company, valued at $4,502,825.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 3,000 shares of company stock valued at $299,082 over the last 90 days. 0.93% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the stock. Sun Life Financial INC boosted its holdings in Global Payments by 15,728.6% during the second quarter. Sun Life Financial INC now owns 1,108 shares of the business services provider’s stock worth $100,000 after buying an additional 1,101 shares in the last quarter. Intellectus Partners LLC bought a new stake in Global Payments during the second quarter worth approximately $128,000. Commonwealth Bank of Australia boosted its holdings in Global Payments by 13.6% during the second quarter. Commonwealth Bank of Australia now owns 1,466 shares of the business services provider’s stock worth $131,000 after buying an additional 176 shares in the last quarter. Stephens Inc. AR bought a new stake in Global Payments during the second quarter worth approximately $143,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Global Payments by 28.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,819 shares of the business services provider’s stock worth $164,000 after buying an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 98.90% of the company’s stock.

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About Global Payments

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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