Global Payments Inc. (GPN) Given “Buy” Rating at SunTrust Banks, Inc.

SunTrust Banks, Inc. reissued their buy rating on shares of Global Payments Inc. (NYSE:GPN) in a research note issued to investors on Friday morning. The firm currently has a $120.00 target price on the business services provider’s stock.

Several other analysts have also recently issued reports on GPN. BMO Capital Markets upped their target price on shares of Global Payments from $103.00 to $115.00 and gave the company a positive rating in a research report on Thursday, November 9th. Nomura upped their target price on shares of Global Payments from $83.00 to $85.00 and gave the company a reduce rating in a research report on Thursday, November 9th. Royal Bank Of Canada reissued an outperform rating and issued a $108.00 price objective (up from $103.00) on shares of Global Payments in a research report on Thursday, November 9th. Piper Jaffray Companies increased their price objective on shares of Global Payments to $105.00 and gave the stock a neutral rating in a research report on Wednesday, November 8th. Finally, Stifel Nicolaus reissued a buy rating and issued a $121.00 price objective (up from $103.00) on shares of Global Payments in a research report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-four have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $104.56.

Shares of Global Payments (NYSE GPN) opened at $99.60 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.27. The stock has a market cap of $15,731.23, a PE ratio of 26.57, a PEG ratio of 1.81 and a beta of 1.14. Global Payments has a 1 year low of $64.63 and a 1 year high of $104.83.

Global Payments (NYSE:GPN) last announced its earnings results on Wednesday, November 8th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.12. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $917.31 million. Global Payments had a net margin of 7.14% and a return on equity of 18.50%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.89 EPS. sell-side analysts anticipate that Global Payments will post 3.75 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece was published by BBNS and is owned by of BBNS. If you are viewing this piece on another site, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be read at https://baseballnewssource.com/markets/global-payments-inc-gpn-given-buy-rating-at-suntrust-banks-inc/1773778.html.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.01 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. Global Payments’s dividend payout ratio is presently 2.23%.

In other Global Payments news, Director Alan M. Silberstein sold 600 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $93.74, for a total value of $56,244.00. Following the completion of the sale, the director now directly owns 47,293 shares in the company, valued at $4,433,245.82. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William I. Jacobs sold 8,428 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $94.05, for a total transaction of $792,653.40. Following the completion of the sale, the director now owns 40,675 shares of the company’s stock, valued at $3,825,483.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,555 shares of company stock valued at $6,949,062. 0.93% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Engineers Gate Manager LP boosted its stake in Global Payments by 712.1% in the third quarter. Engineers Gate Manager LP now owns 34,735 shares of the business services provider’s stock valued at $3,301,000 after acquiring an additional 30,458 shares in the last quarter. Stifel Financial Corp boosted its stake in Global Payments by 29.5% in the third quarter. Stifel Financial Corp now owns 167,462 shares of the business services provider’s stock valued at $15,922,000 after acquiring an additional 38,149 shares in the last quarter. BB&T Securities LLC raised its holdings in shares of Global Payments by 12.5% in the third quarter. BB&T Securities LLC now owns 4,703 shares of the business services provider’s stock worth $446,000 after buying an additional 522 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Global Payments by 2.6% in the third quarter. Schwab Charles Investment Management Inc. now owns 507,013 shares of the business services provider’s stock worth $48,182,000 after buying an additional 12,846 shares during the last quarter. Finally, WINTON GROUP Ltd raised its holdings in shares of Global Payments by 36.7% in the third quarter. WINTON GROUP Ltd now owns 3,031 shares of the business services provider’s stock worth $288,000 after buying an additional 814 shares during the last quarter. Institutional investors own 97.90% of the company’s stock.

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)

Receive News & Ratings for Global Payments Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Payments Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Brandon Morrow Becomes Hot Commodity
Brandon Morrow Becomes Hot Commodity
Red Sox Want Sluggers, Giancarlo Stanton May Become Available
Red Sox Want Sluggers, Giancarlo Stanton May Become Available
Rangers Able to Pay More for Shohei Otani Than Others
Rangers Able to Pay More for Shohei Otani Than Others


Leave a Reply

 
© 2006-2017 BBNS.