Global Payments (NYSE: GPN) has recently received a number of price target changes and ratings updates:

  • 9/12/2017 – Global Payments is now covered by analysts at Bank of America Corporation. They set a “buy” rating and a $110.00 price target on the stock.
  • 9/12/2017 – Global Payments had its price target raised by analysts at J P Morgan Chase & Co from $106.00 to $107.00. They now have an “overweight” rating on the stock.
  • 9/8/2017 – Global Payments had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $102.00 price target on the stock.
  • 9/6/2017 – Global Payments had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $103.00 price target on the stock.
  • 9/5/2017 – Global Payments had its “outperform” rating reaffirmed by analysts at Credit Suisse Group.
  • 9/5/2017 – Global Payments had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $106.00 price target on the stock.
  • 8/26/2017 – Global Payments was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/4/2017 – Global Payments had its price target lowered by analysts at Royal Bank Of Canada from $103.00 to $90.00. They now have an “outperform” rating on the stock.
  • 8/4/2017 – Global Payments had its price target raised by analysts at Barclays PLC from $98.00 to $105.00. They now have an “overweight” rating on the stock.
  • 8/4/2017 – Global Payments was downgraded by analysts at Compass Point from a “buy” rating to a “neutral” rating. They now have a $96.00 price target on the stock, up previously from $95.72.
  • 8/4/2017 – Global Payments was upgraded by analysts at Wells Fargo & Company from a “market perform” rating to an “outperform” rating. They now have a $110.00 price target on the stock, up previously from $90.00.
  • 8/4/2017 – Global Payments had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $103.00 price target on the stock, up previously from $102.00.
  • 8/3/2017 – Global Payments had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $100.00 price target on the stock.
  • 7/24/2017 – Global Payments had its “outperform” rating reaffirmed by analysts at William Blair.

Shares of Global Payments Inc. (NYSE:GPN) opened at 96.08 on Wednesday. The stock has a 50 day moving average of $95.36 and a 200 day moving average of $88.50. The stock has a market capitalization of $14.65 billion, a P/E ratio of 74.54 and a beta of 1.11. Global Payments Inc. has a 12-month low of $64.63 and a 12-month high of $98.14.

Global Payments (NYSE:GPN) last announced its earnings results on Thursday, August 3rd. The business services provider reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.07. The business had revenue of $847.90 million for the quarter, compared to analysts’ expectations of $837.76 million. Global Payments had a net margin of 6.65% and a return on equity of 18.32%. The company’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.76 EPS. Equities research analysts anticipate that Global Payments Inc. will post $3.95 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. Global Payments’s payout ratio is 2.45%.

In related news, Director Robert H. B. Baldwin, Jr. sold 8,200 shares of Global Payments stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $97.61, for a total value of $800,402.00. Following the transaction, the director now directly owns 172,497 shares in the company, valued at approximately $16,837,432.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert H. B. Baldwin, Jr. sold 4,200 shares of Global Payments stock in a transaction on 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 owns 195,477 shares in the company, valued at $17,567,517.99. The disclosure for this sale can be found here. Insiders sold a total of 141,149 shares of company stock worth $13,362,657 over the last ninety days. Corporate insiders own 0.93% of the company’s stock.

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.

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