Global Payments Inc. (NYSE:GPN) – Analysts at William Blair upped their Q2 2017 EPS estimates for shares of Global Payments in a research note issued to investors on Wednesday. William Blair analyst R. Napoli now anticipates that the firm will post earnings per share of $0.81 for the quarter, up from their prior forecast of $0.79. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Global Payments’ Q3 2017 earnings at $0.80 EPS and FY2017 earnings at $3.33 EPS.

Other equities analysts have also issued reports about the stock. Nomura raised their price target on shares of Global Payments from $64.00 to $66.00 in a research report on Friday, July 29th. Zacks Investment Research raised shares of 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. Credit Suisse Group AG reissued a “buy” rating on shares of Global Payments in a research report on Monday, June 27th. Deutsche Bank AG reissued a “buy” rating and set a $79.00 price target (up from $72.00) on shares of Global Payments in a research report on Tuesday, July 12th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and set a $83.00 price target on shares of Global Payments in a research report on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $77.92.

Earnings History and Estimates for Global Payments (NYSE:GPN)

Global Payments (NYSE:GPN) traded down 0.27% on Monday, hitting $73.50. 290,734 shares of the stock traded hands. The firm has a 50-day moving average price of $75.87 and a 200-day moving average price of $74.34. Global Payments has a 12 month low of $51.29 and a 12 month high of $79.93. The company has a market capitalization of $11.30 billion, a PE ratio of 37.83 and a beta of 1.09.

Global Payments (NYSE:GPN) last released its quarterly earnings data on Wednesday, October 5th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.03. Global Payments had a net margin of 8.74% and a return on equity of 22.33%. The firm earned $939.50 million during the quarter. During the same period in the previous year, the firm earned $0.79 earnings per share. The firm’s revenue for the quarter was up 52.2% on a year-over-year basis.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Independent Portfolio Consultants Inc. raised 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 in the last quarter. Ranger Investment Management L.P. raised 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 in the last quarter. Commonwealth Equity Services Inc raised 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 in the last quarter. Cambridge Investment Research Advisors Inc. raised 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 in the last quarter. Finally, M&T Bank Corp raised 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 in the last quarter. Institutional investors and hedge funds own 96.56% of the company’s stock.

In other news, COO David E. Mangum sold 8,400 shares of Global Payments stock in a transaction on 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 in the company, valued at approximately $12,854,602.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert H. B. Baldwin, Jr. sold 6,500 shares of Global Payments stock in a transaction on Monday, July 18th. The stock was sold at an average price of $76.61, for a total value of $497,965.00. Following the transaction, the director now owns 362,063 shares in the company, valued at approximately $27,737,646.43. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 25th. Shareholders of record on Friday, November 11th will be paid a dividend of $0.01 per share. The ex-dividend date is Tuesday, November 8th. This represents a $0.04 annualized dividend and a yield of 0.05%. Global Payments’s dividend payout ratio (DPR) is presently 2.06%.

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.