Evercore ISI reaffirmed their buy rating on shares of Global Payments Inc. (NYSE:GPN) in a research report report published on Tuesday morning. They currently have a $96.00 target price on the stock.

Other equities research analysts also recently issued research reports about the stock. Royal Bank Of Canada increased their price objective on shares of Global Payments from $87.00 to $88.00 and gave the stock an outperform rating in a research report on Tuesday. Stifel Nicolaus reissued a buy rating and set a $92.00 price objective (up previously from $85.00) on shares of Global Payments in a research report on Tuesday. RBC Capital Markets reissued an outperform rating and set a $88.00 price objective (up previously from $87.00) on shares of Global Payments in a research report on Tuesday. Zacks Investment Research downgraded shares of Global Payments from a buy rating to a hold rating in a research report on Wednesday, November 23rd. Finally, Deutsche Bank AG reissued a buy rating and set a $85.00 price objective (up previously from $79.00) on shares of Global Payments in a research report on Thursday, October 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $82.52.

Analyst Recommendations for Global Payments (NYSE:GPN)

Global Payments (NYSE:GPN) traded up 0.45% on Tuesday, reaching $78.23. 1,460,798 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $71.31 and its 200-day moving average is $73.54. The firm has a market cap of $11.98 billion, a PE ratio of 47.27 and a beta of 1.04. Global Payments has a 12 month low of $51.29 and a 12 month high of $80.88.

Global Payments (NYSE:GPN) last posted its earnings results on Monday, January 9th. The company reported $0.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.05. The company had revenue of $817.20 million for the quarter. Global Payments had a net margin of 7.28% and a return on equity of 19.50%. The company’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same quarter last year, the business posted $0.76 earnings per share. On average, equities analysts forecast that Global Payments will post $3.45 earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, February 24th. Shareholders of record on Friday, February 10th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.05%. The ex-dividend date is Wednesday, February 8th. Global Payments’s payout ratio is 2.41%.

In other news, Director Robert H. B. Baldwin, Jr. sold 6,500 shares of the business’s stock in a transaction that occurred on Monday, December 19th. The shares were sold at an average price of $71.03, for a total value of $461,695.00. Following the transaction, the director now owns 330,752 shares in the company, valued at approximately $23,493,314.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William I. Jacobs sold 600 shares of the business’s stock in a transaction that occurred on Thursday, October 13th. The stock was sold at an average price of $73.22, for a total transaction of $43,932.00. Following the completion of the transaction, the director now owns 44,411 shares in the company, valued at approximately $3,251,773.42. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of GPN. Northern Trust Corp increased its position in shares of Global Payments by 1.6% in the third quarter. Northern Trust Corp now owns 1,815,013 shares of the company’s stock worth $139,321,000 after buying an additional 27,744 shares during the period. BlackRock Advisors LLC increased its position in Global Payments by 40.2% in the third quarter. BlackRock Advisors LLC now owns 2,846,919 shares of the company’s stock worth $218,529,000 after buying an additional 816,651 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in Global Payments by 1.0% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 311,057 shares of the company’s stock worth $23,877,000 after buying an additional 2,962 shares during the last quarter. BlackRock Inc. increased its position in Global Payments by 1.9% in the third quarter. BlackRock Inc. now owns 369,990 shares of the company’s stock worth $28,401,000 after buying an additional 7,074 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in Global Payments by 2.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 4,403,097 shares of the company’s stock worth $337,982,000 after buying an additional 98,727 shares during the last quarter. Hedge funds and other institutional investors own 94.12% 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 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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