Global Payments Inc. (NYSE:GPN) had its target price increased by Barclays PLC from $75.00 to $85.00 in a research note issued on Friday. The firm presently has an “equal weight” rating on the stock. Barclays PLC’s target price points to a potential upside of 10.22% from the company’s previous close.

GPN has been the subject of several other research reports. Robert W. Baird reiterated an “outperform” rating and issued a $85.00 price objective on shares of Global Payments in a research report on Tuesday, September 6th. William Blair reiterated an “outperform” rating on shares of Global Payments in a research report on Tuesday, September 27th. Goldman Sachs Group Inc. upgraded Global Payments from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $80.00 to $88.00 in a research report on Thursday, September 15th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $85.00 target price on shares of Global Payments in a research note on Wednesday, September 28th. Finally, Zacks Investment Research cut Global Payments from a “buy” rating to a “hold” rating in a research note on Friday, July 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $77.75.

Shares of Global Payments (NYSE:GPN) opened at 77.12 on Friday. Global Payments has a 52 week low of $51.29 and a 52 week high of $79.93. The company has a 50-day moving average price of $75.51 and a 200 day moving average price of $73.70. The stock has a market capitalization of $11.85 billion, a P/E ratio of 37.80 and a beta of 1.09.

Global Payments (NYSE:GPN) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.73 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.73. Global Payments had a return on equity of 27.99% and a net margin of 9.37%. The firm earned $747.10 million during the quarter, compared to the consensus estimate of $568.81 million. During the same quarter in the previous year, the company posted $1.22 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. Analysts forecast that Global Payments will post $3.47 earnings per share for the current fiscal year.

In other Global Payments news, Director Robert H. B. Baldwin, Jr. sold 6,500 shares of the business’s stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $74.73, for a total transaction of $485,745.00. Following the transaction, the director now owns 349,063 shares of the company’s stock, valued at $26,085,477.99. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director William I. Jacobs sold 600 shares of the business’s stock in a transaction that occurred on Wednesday, July 13th. The stock was sold at an average price of $75.80, for a total value of $45,480.00. Following the transaction, the director now directly owns 44,716 shares in the company, valued at approximately $3,389,472.80. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

A number of institutional investors have recently made changes to their positions in GPN. Geode Capital Management LLC increased its position in shares of Global Payments by 0.9% in the first quarter. Geode Capital Management LLC now owns 773,444 shares of the company’s stock worth $50,475,000 after buying an additional 7,011 shares during the period. Riverhead Capital Management LLC increased its position in shares of Global Payments by 91.5% in the first quarter. Riverhead Capital Management LLC now owns 46,724 shares of the company’s stock worth $3,050,000 after buying an additional 22,324 shares during the period. Lazard Asset Management LLC increased its position in shares of Global Payments by 66.4% in the first quarter. Lazard Asset Management LLC now owns 113,522 shares of the company’s stock worth $7,412,000 after buying an additional 45,281 shares during the period. A.R.T. Advisors LLC increased its position in shares of Global Payments by 11.4% in the first quarter. A.R.T. Advisors LLC now owns 38,169 shares of the company’s stock worth $2,492,000 after buying an additional 3,900 shares during the period. Finally, AMP Capital Investors Ltd increased its position in shares of Global Payments by 10.9% in the first quarter. AMP Capital Investors Ltd now owns 53,049 shares of the company’s stock worth $3,330,000 after buying an additional 5,200 shares during the period. 96.56% of the stock is currently owned by hedge funds and other institutional investors.

Global Payments Company Profile

Global Payments Inc is a provider of payment technology services. The Company provides payment and digital commerce solutions. The Company operates in two segments: North America merchant services and International merchant services. The Company’s North America merchant services and International merchant services segments primarily provide payment solutions for credit cards, debit cards, electronic payments and check-related services.

5 Day Chart for NYSE:GPN

Receive News & Stock 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 stocks with our FREE daily email newsletter.