Global Payments Inc (GPN) Receives Average Recommendation of “Buy” from Analysts

Shares of Global Payments Inc (NYSE:GPN) have been assigned a consensus recommendation of “Buy” from the thirty ratings firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and twenty-two have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $105.08.

GPN has been the topic of a number of analyst reports. Stephens raised shares of Global Payments from an “equal weight” rating to an “overweight” rating and set a $122.00 price objective on the stock in a research note on Tuesday, January 9th. Piper Jaffray Companies upped their price objective on shares of Global Payments to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, November 8th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $122.00 price objective on shares of Global Payments in a research note on Friday, December 22nd. Nomura reaffirmed a “sell” rating and issued a $83.00 price objective on shares of Global Payments in a research note on Monday, October 16th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $124.00 price objective on shares of Global Payments in a research note on Tuesday, January 23rd.

In other Global Payments news, Director Alan M. Silberstein sold 600 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $100.48, for a total value of $60,288.00. Following the transaction, the director now directly owns 45,493 shares of the company’s stock, valued at $4,571,136.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 3,600 shares of company stock worth $366,270 over the last ninety days. Insiders own 0.93% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Global Payments in the fourth quarter valued at $120,000. Intellectus Partners LLC bought a new position in shares of Global Payments in the second quarter valued at $128,000. Quantbot Technologies LP bought a new position in shares of Global Payments in the third quarter valued at $198,000. Klingenstein Fields & Co. LLC bought a new position in shares of Global Payments in the fourth quarter valued at $204,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Global Payments in the third quarter valued at $209,000. 98.79% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Global Payments (NYSE:GPN) opened at $104.98 on Tuesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.14 and a quick ratio of 1.14. Global Payments has a 12 month low of $76.47 and a 12 month high of $113.26. The company has a market cap of $17,301.96, a price-to-earnings ratio of 58.65, a PEG ratio of 1.62 and a beta of 1.14.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Wednesday, November 8th. The business services provider reported $1.15 EPS for the quarter, beating the Zacks’ 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 period in the prior year, the firm posted $0.89 EPS. The company’s quarterly revenue was up 9.1% on a year-over-year basis. sell-side analysts anticipate that Global Payments will post 3.81 earnings per share for the current year.

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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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