Global Payments Inc (NYSE:GPN) – Equities researchers at First Analysis issued their Q1 2018 EPS estimates for Global Payments in a research note issued on Wednesday. First Analysis analyst L. Berlin forecasts that the business services provider will earn $0.98 per share for the quarter.

Global Payments (NYSE:GPN) last posted its earnings results on Thursday, May 4th. The business services provider reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.10. The company had revenue of $919.76 million during the quarter, compared to analysts’ expectations of $767.09 million. Global Payments had a net margin of 7.28% and a return on equity of 19.50%. Global Payments’s quarterly revenue was up 46.9% on a year-over-year basis. During the same period last year, the company posted $0.64 earnings per share.

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

Other equities research analysts have also issued research reports about the stock. BMO Capital Markets boosted their price target on shares of Global Payments from $91.00 to $93.00 and gave the stock an “outperform” rating in a report on Friday, May 5th. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Global Payments in a report on Monday, May 15th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $97.00 target price (up previously from $93.00) on shares of Global Payments in a report on Monday, May 8th. Royal Bank of Canada reaffirmed a “buy” rating and set a $90.00 target price on shares of Global Payments in a report on Monday, May 15th. Finally, Instinet reaffirmed a “reduce” rating and set a $79.00 target price (up previously from $70.00) on shares of Global Payments in a report on Wednesday, May 17th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and eighteen have assigned a buy rating to the stock. Global Payments currently has an average rating of “Buy” and an average price target of $87.10.

Global Payments (NYSE:GPN) opened at 92.51 on Thursday. The company’s 50-day moving average is $83.61 and its 200 day moving average is $77.55. The stock has a market capitalization of $14.11 billion, a PE ratio of 72.79 and a beta of 1.05. Global Payments has a 1-year low of $64.63 and a 1-year high of $92.64.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Friday, June 9th will be issued a $0.0133 dividend. The ex-dividend date is Wednesday, June 7th. This represents a $0.05 dividend on an annualized basis and a yield of 0.06%. This is an increase from Global Payments’s previous quarterly dividend of $0.01. Global Payments’s dividend payout ratio (DPR) is 2.41%.

In other Global Payments news, Director Alan M. Silberstein sold 600 shares of the firm’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $88.09, for a total value of $52,854.00. Following the completion of the sale, the director now owns 49,093 shares of the company’s stock, valued at $4,324,602.37. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert H. B. Baldwin, Jr. sold 50,000 shares of the firm’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $85.00, for a total value of $4,250,000.00. Following the completion of the sale, the director now directly owns 267,552 shares of the company’s stock, valued at approximately $22,741,920. The disclosure for this sale can be found here. In the last three months, insiders sold 64,100 shares of company stock valued at $5,384,174. 1.10% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its position in shares of Global Payments by 0.8% in the first quarter. Wellington Management Group LLP now owns 16,940,401 shares of the business services provider’s stock worth $1,366,752,000 after buying an additional 126,712 shares in the last quarter. FMR LLC boosted its position in shares of Global Payments by 12.4% in the first quarter. FMR LLC now owns 14,898,661 shares of the business services provider’s stock worth $1,202,023,000 after buying an additional 1,647,907 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Global Payments by 2.4% in the first quarter. Vanguard Group Inc. now owns 14,762,938 shares of the business services provider’s stock worth $1,191,073,000 after buying an additional 341,212 shares in the last quarter. BlackRock Inc. boosted its position in shares of Global Payments by 3,093.1% in the first quarter. BlackRock Inc. now owns 13,529,075 shares of the business services provider’s stock worth $1,091,527,000 after buying an additional 13,105,378 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its position in shares of Global Payments by 1.2% in the fourth quarter. Artisan Partners Limited Partnership now owns 6,659,658 shares of the business services provider’s stock worth $462,247,000 after buying an additional 77,057 shares in the last quarter. Institutional investors and hedge funds own 97.82% of the company’s stock.

About Global Payments

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.

12 Month Chart for NYSE:GPN

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