Global Payments Inc. (NYSE:GPN)‘s stock had its “buy” rating restated by research analysts at Deutsche Bank AG in a research note issued to investors on Thursday. They currently have a $85.00 price objective on the stock, up from their previous price objective of $79.00. Deutsche Bank AG’s target price suggests a potential upside of 7.54% from the stock’s previous close.

Several other research analysts have also commented on GPN. Credit Suisse Group AG reiterated a “buy” rating on shares of Global Payments in a research report on Monday, June 27th. Zacks Investment Research upgraded Global Payments from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a research report on Wednesday, June 29th. Barclays PLC dropped their price target on Global Payments from $78.00 to $73.00 and set an “equal weight” rating for the company in a research report on Thursday, July 7th. Nomura lifted their price target on Global Payments from $64.00 to $66.00 in a research report on Friday, July 29th. Finally, Keefe, Bruyette & Woods lifted their price target on Global Payments from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, July 29th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $77.75.

Global Payments (NYSE:GPN) traded down 0.08% on Thursday, reaching $78.98. The company’s stock had a trading volume of 1,401,220 shares. The company has a market capitalization of $12.13 billion, a PE ratio of 38.72 and a beta of 1.09. Global Payments has a one year low of $51.29 and a one year high of $79.93. The firm has a 50-day moving average of $75.71 and a 200-day moving average of $73.87.

Global Payments (NYSE:GPN) last issued its quarterly earnings data on Wednesday, October 5th. The company reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.03. The firm earned $939.50 million during the quarter. Global Payments had a return on equity of 27.99% and a net margin of 9.37%. The company’s revenue for the quarter was up 52.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.79 EPS. Analysts predict that Global Payments will post $3.47 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 25th. Shareholders of record on Friday, November 11th will be given a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.05%. Global Payments’s dividend payout ratio (DPR) is currently 1.95%.

In related news, insider David E. Mangum sold 88,938 shares of the company’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $75.07, for a total transaction of $6,676,575.66. Following the completion of the transaction, the insider now owns 172,060 shares in the company, valued at approximately $12,916,544.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO David E. Mangum sold 8,400 shares of the company’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $74.71, for a total transaction of $627,564.00. Following the transaction, the chief operating officer now owns 172,060 shares of the company’s stock, valued at approximately $12,854,602.60. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Independent Portfolio Consultants Inc. increased its position in Global Payments by 0.4% in the third quarter. Independent Portfolio Consultants Inc. now owns 6,279 shares of the company’s stock valued at $482,000 after buying an additional 25 shares during the period. Ranger Investment Management L.P. increased its position in Global Payments by 0.4% in the second quarter. Ranger Investment Management L.P. now owns 17,030 shares of the company’s stock valued at $1,216,000 after buying an additional 60 shares during the period. Commonwealth Equity Services Inc increased its position in Global Payments by 3.2% in the second quarter. Commonwealth Equity Services Inc now owns 5,219 shares of the company’s stock valued at $373,000 after buying an additional 162 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in Global Payments by 5.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 3,692 shares of the company’s stock valued at $264,000 after buying an additional 176 shares during the period. Finally, M&T Bank Corp increased its position in Global Payments by 1.8% in the second quarter. M&T Bank Corp now owns 13,560 shares of the company’s stock valued at $967,000 after buying an additional 235 shares during the period. Hedge funds and other institutional investors own 96.56% of the company’s stock.

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

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