Global Payments Inc. (NYSE:GPN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

According to Zacks, “Global Payments Inc. is a leading provider of electronic transaction processing services for consumers, merchants, Independent Sales Organizations, financial institutions, government agencies and multi- national corporations located throughout the United States, Canada, Latin America and Europe. Global Payments offers a comprehensive line of processing solutions for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery, as well as terminal management. The company also provides consumer money transfer services from the U.S. and Europe to destinations in Latin America, Morocco, and the Philippines. “

GPN has been the topic of a number of other reports. William Blair reissued an “outperform” rating on shares of Global Payments in a report on Tuesday, September 27th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $83.00 price target on shares of Global Payments in a report on Friday, July 29th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $85.00 price target on shares of Global Payments in a report on Wednesday, September 28th. Robert W. Baird restated an “outperform” rating and issued a $85.00 price objective on shares of Global Payments in a research report on Tuesday, September 6th. Finally, Stifel Nicolaus upped their price objective on shares of Global Payments from $75.00 to $76.00 and gave the stock a “hold” rating in a research report on Friday, October 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. Global Payments presently has an average rating of “Buy” and a consensus price target of $78.88.

Analyst Recommendations for Global Payments (NYSE:GPN)

Shares of Global Payments (NYSE:GPN) opened at 72.09 on Wednesday. The company’s 50-day moving average is $72.57 and its 200 day moving average is $74.45. The firm has a market capitalization of $11.08 billion, a P/E ratio of 37.10 and a beta of 1.10. Global Payments has a 52-week low of $51.29 and a 52-week high of $79.93.

Global Payments (NYSE:GPN) last announced its quarterly earnings results on Wednesday, October 5th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 had revenue of $939.50 million for the quarter. During the same period in the previous year, the company posted $0.79 earnings per share. The company’s quarterly revenue was up 52.2% compared to the same quarter last year. Analysts expect that Global Payments will post $3.51 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 25th. Stockholders of record on Friday, November 11th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $0.04 annualized dividend and a dividend yield of 0.06%. Global Payments’s payout ratio is presently 2.06%.

In other news, Director Robert H. B. Baldwin, Jr. sold 6,500 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 349,063 shares in the company, valued at $26,085,477.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William I. Jacobs sold 600 shares of the firm’s stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $73.62, for a total value of $44,172.00. Following the transaction, the director now owns 43,516 shares of the company’s stock, valued at $3,203,647.92. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Several institutional investors have recently modified their holdings of GPN. Quantitative Systematic Strategies LLC bought a new position in shares of Global Payments during the third quarter valued at $250,000. Cookson Peirce & Co. Inc. increased its stake in Global Payments by 0.7% in the third quarter. Cookson Peirce & Co. Inc. now owns 59,195 shares of the company’s stock valued at $4,544,000 after buying an additional 406 shares during the last quarter. Credit Suisse AG increased its stake in Global Payments by 14.0% in the third quarter. Credit Suisse AG now owns 315,723 shares of the company’s stock valued at $24,235,000 after buying an additional 38,741 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in Global Payments by 4.4% in the third quarter. Ameritas Investment Partners Inc. now owns 18,372 shares of the company’s stock valued at $1,410,000 after buying an additional 772 shares during the last quarter. Finally, Chartwell Investment Partners LLC acquired a new stake in Global Payments during the third quarter valued at approximately $34,412,000. Hedge funds and other institutional investors own 96.81% of the company’s stock.

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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 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.

5 Day Chart for NYSE:GPN

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