Global Payments Inc. (NYSE:GPN) had its price objective increased by Barclays PLC from $105.00 to $116.00 in a research note issued on Wednesday. The brokerage currently has an “overweight” rating on the business services provider’s stock. Barclays PLC’s target price would suggest a potential upside of 17.10% from the stock’s previous close.

GPN has been the subject of several other reports. BidaskClub downgraded Global Payments from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th. Cowen and Company restated a “buy” rating and issued a $102.00 price target on shares of Global Payments in a research note on Friday, September 8th. Zacks Investment Research upgraded Global Payments from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research note on Wednesday. Bank of America Corporation assumed coverage on Global Payments in a research note on Tuesday, September 12th. They issued a “buy” rating and a $110.00 price target for the company. Finally, Wells Fargo & Company upgraded Global Payments from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $90.00 to $110.00 in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $101.01.

Global Payments (GPN) opened at 99.06 on Wednesday. The company has a market capitalization of $15.11 billion, a PE ratio of 76.85 and a beta of 1.11. The company has a 50-day moving average price of $95.97 and a 200 day moving average price of $90.42. Global Payments has a 12 month low of $64.63 and a 12 month high of $100.34.

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

ILLEGAL ACTIVITY NOTICE: “Global Payments Inc. (GPN) PT Raised to $116.00 at Barclays PLC” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this story can be read at https://www.thecerbatgem.com/2017/10/13/global-payments-inc-gpn-pt-raised-to-116-00-at-barclays-plc.html.

In related news, insider David E. Mangum sold 75,794 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $94.51, for a total transaction of $7,163,290.94. Following the completion of the sale, the insider now directly owns 112,930 shares in the company, valued at approximately $10,673,014.30. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert H. B. Baldwin, Jr. sold 26,000 shares of the company’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $99.82, for a total value of $2,595,320.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 162,949 shares of company stock valued at $15,584,831. Corporate insiders own 0.93% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Sun Life Financial INC lifted its position in shares of Global Payments by 15,728.6% during the 2nd quarter. Sun Life Financial INC now owns 1,108 shares of the business services provider’s stock worth $100,000 after buying an additional 1,101 shares during the last quarter. Thompson Davis & CO. Inc. lifted its position in shares of Global Payments by 0.8% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,197 shares of the business services provider’s stock worth $108,000 after buying an additional 10 shares during the last quarter. Intellectus Partners LLC bought a new stake in shares of Global Payments during the 2nd quarter worth $128,000. Commonwealth Bank of Australia lifted its position in shares of Global Payments by 13.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,466 shares of the business services provider’s stock worth $131,000 after buying an additional 176 shares during the last quarter. Finally, Stephens Inc. AR bought a new stake in shares of Global Payments during the 2nd quarter worth $143,000. Institutional investors and hedge funds own 97.84% 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.

Analyst Recommendations for Global Payments (NYSE:GPN)

Receive News & Stock Ratings for Global Payments Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Payments Inc. and related stocks with our FREE daily email newsletter.