Global Payments Inc (NYSE:GPN) has earned an average rating of “Buy” from the thirty-two analysts that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and twenty-three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $116.09.
A number of research analysts have recently weighed in on the company. Zacks Investment Research raised Global Payments from a “hold” rating to a “buy” rating and set a $124.00 price objective on the stock in a report on Wednesday, June 27th. Cfra reissued a “hold” rating and issued a $119.00 price objective on shares of Global Payments in a report on Thursday. TheStreet lowered Global Payments from a “b” rating to a “c” rating in a report on Thursday, May 3rd. Morgan Stanley increased their price objective on Global Payments from $118.00 to $119.00 and gave the company an “equal weight” rating in a report on Friday, May 4th. Finally, ValuEngine raised Global Payments from a “hold” rating to a “buy” rating in a report on Friday.
Shares of Global Payments traded down $0.41, reaching $118.77, during mid-day trading on Tuesday, Marketbeat reports. The stock had a trading volume of 1,503,221 shares, compared to its average volume of 1,038,495. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.09. The firm has a market capitalization of $19.01 billion, a PE ratio of 29.62, a P/E/G ratio of 1.44 and a beta of 1.13. Global Payments has a 1-year low of $92.90 and a 1-year high of $121.00.
Global Payments (NYSE:GPN) last announced its quarterly earnings data on Thursday, August 2nd. The business services provider reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.07. The business had revenue of $982.50 million for the quarter, compared to analyst estimates of $968.75 million. Global Payments had a return on equity of 17.99% and a net margin of 14.86%. The company’s revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.94 earnings per share. sell-side analysts forecast that Global Payments will post 4.82 earnings per share for the current year.
In other Global Payments news, Director Robert H. B. Baldwin, Jr. sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, July 16th. The stock was sold at an average price of $117.34, for a total value of $352,020.00. Following the sale, the director now directly owns 90,149 shares of the company’s stock, valued at $10,578,083.66. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Alan M. Silberstein sold 600 shares of the firm’s stock in a transaction that occurred on Friday, May 18th. The shares were sold at an average price of $114.00, for a total value of $68,400.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,029 shares of company stock worth $3,520,396. 0.98% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Catalyst Capital Advisors LLC acquired a new stake in Global Payments in the first quarter valued at approximately $2,063,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in Global Payments by 32.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,494 shares of the business services provider’s stock valued at $350,000 after purchasing an additional 859 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Global Payments by 16.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 26,499 shares of the business services provider’s stock valued at $2,657,000 after acquiring an additional 3,792 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Global Payments by 8.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,863 shares of the business services provider’s stock valued at $654,000 after acquiring an additional 443 shares in the last quarter. Finally, Aperio Group LLC lifted its position in shares of Global Payments by 13.8% in the first quarter. Aperio Group LLC now owns 36,398 shares of the business services provider’s stock valued at $4,059,000 after acquiring an additional 4,416 shares in the last quarter. 96.28% of the stock is currently owned by institutional investors.
Global Payments Company Profile
Global Payments Inc provides payment technology and software solutions for credit cards, debit cards, electronic payments, and check-related services. It offers authorization services, settlement and funding services, customer support and help-desk functions, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and statements, online reporting, industry compliance, and payment card industry security services.
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