Shares of Global Payments Inc. (NYSE:GPN) have been given a consensus recommendation of “Buy” by the twenty-four brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $96.06.

Several analysts have commented on GPN shares. Barclays PLC reissued a “buy” rating and issued a $96.00 target price on shares of Global Payments in a research report on Monday, May 15th. BMO Capital Markets boosted their target price on shares of Global Payments from $91.00 to $93.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. Credit Suisse Group boosted their target price on shares of Global Payments from $86.00 to $91.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Global Payments in a research report on Monday, May 15th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $90.00 target price on shares of Global Payments in a research report on Monday, May 15th.

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In other news, Director Alan M. Silberstein sold 600 shares of the firm’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $89.91, for a total value of $53,946.00. Following the transaction, the director now owns 48,493 shares of the company’s stock, valued at approximately $4,360,005.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert H. B. Baldwin, Jr. sold 4,200 shares of the firm’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $89.87, for a total transaction of $377,454.00. Following the completion of the transaction, the director now directly owns 195,477 shares in the company, valued at approximately $17,567,517.99. The disclosure for this sale can be found here. Insiders sold a total of 133,549 shares of company stock worth $12,611,401 in the last ninety days. Insiders own 0.93% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Point72 Asia Hong Kong Ltd acquired a new stake in shares of Global Payments in the 1st quarter valued at approximately $200,000. Contravisory Investment Management Inc. acquired a new stake in shares of Global Payments in the 2nd quarter valued at approximately $246,000. Aviva PLC raised its position in shares of Global Payments by 0.6% in the 2nd quarter. Aviva PLC now owns 93,792 shares of the business services provider’s stock valued at $8,472,000 after acquiring an additional 560 shares during the period. JPMorgan Chase & Co. raised its position in shares of Global Payments by 162.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,284,298 shares of the business services provider’s stock valued at $296,636,000 after acquiring an additional 2,030,880 shares during the period. Finally, Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Global Payments in the 1st quarter valued at approximately $233,000. Institutional investors and hedge funds own 97.87% of the company’s stock.

Global Payments (NYSE:GPN) opened at 95.09 on Friday. The stock has a market cap of $14.50 billion, a P/E ratio of 73.77 and a beta of 1.11. Global Payments has a 52 week low of $64.63 and a 52 week high of $97.99. The stock has a 50 day moving average of $94.87 and a 200-day moving average of $87.47.

Global Payments (NYSE:GPN) last posted its earnings results on Thursday, August 3rd. The business services provider reported $0.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.07. The company had revenue of $847.90 million during the quarter, compared to the consensus estimate of $837.76 million. Global Payments had a net margin of 6.65% and a return on equity of 18.32%. The company’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 earnings per share. Analysts forecast that Global Payments will post $3.95 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date is Thursday, September 14th. Global Payments’s dividend payout ratio is currently 3.07%.

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.

Analyst Recommendations for Global Payments (NYSE:GPN)

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