Keefe, Bruyette & Woods reaffirmed their buy rating on shares of Global Payments Inc. (NYSE:GPN) in a research note issued to investors on Friday. Keefe, Bruyette & Woods currently has a $113.00 price target on the business services provider’s stock.

GPN has been the subject of several other reports. Morgan Stanley raised their price target on Global Payments from $98.00 to $106.00 and gave the stock an equal weight rating in a research report on Thursday, November 2nd. Stifel Nicolaus restated a buy rating and set a $121.00 price target (up from $103.00) on shares of Global Payments in a research report on Thursday, November 9th. Credit Suisse Group restated an outperform rating and set a $108.00 price target (up from $100.00) on shares of Global Payments in a research report on Thursday, November 9th. They noted that the move was a valuation call. BMO Capital Markets raised their price target on Global Payments from $103.00 to $115.00 and gave the stock a positive rating in a research report on Thursday, November 9th. Finally, Piper Jaffray Companies raised their price target on Global Payments to $105.00 and gave the stock a neutral rating in a research report on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twenty-three have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $105.01.

Shares of Global Payments (NYSE GPN) opened at $101.08 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $16,110.00, a price-to-earnings ratio of 26.89, a price-to-earnings-growth ratio of 1.84 and a beta of 1.14. Global Payments has a one year low of $65.91 and a one year high of $104.83.

Global Payments (NYSE:GPN) last posted its earnings results on Wednesday, November 8th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.12. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $917.31 million. Global Payments had a return on equity of 18.50% and a net margin of 7.14%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.89 earnings per share. equities analysts expect that Global Payments will post 3.81 EPS for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date is Thursday, December 14th. Global Payments’s dividend payout ratio is presently 2.27%.

In other news, Director William I. Jacobs sold 600 shares of Global Payments stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $98.32, for a total transaction of $58,992.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert H. B. Baldwin, Jr. sold 26,000 shares of Global Payments stock in a transaction dated 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. Insiders have sold 37,200 shares of company stock worth $3,690,388 in the last quarter. Insiders own 0.93% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Global Payments by 3.0% during the second quarter. Vanguard Group Inc. now owns 15,211,802 shares of the business services provider’s stock worth $1,373,930,000 after purchasing an additional 448,864 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Global Payments by 3.4% during the third quarter. JPMorgan Chase & Co. now owns 3,396,554 shares of the business services provider’s stock worth $319,071,000 after purchasing an additional 112,256 shares in the last quarter. Capital International Investors increased its position in shares of Global Payments by 39.1% during the third quarter. Capital International Investors now owns 2,678,334 shares of the business services provider’s stock worth $254,522,000 after purchasing an additional 752,962 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Global Payments by 0.4% during the third quarter. Janus Henderson Group PLC now owns 2,302,837 shares of the business services provider’s stock worth $218,838,000 after purchasing an additional 10,039 shares in the last quarter. Finally, Frontier Capital Management Co. LLC increased its position in shares of Global Payments by 0.9% during the third quarter. Frontier Capital Management Co. LLC now owns 1,836,396 shares of the business services provider’s stock worth $174,513,000 after purchasing an additional 16,898 shares in the last quarter. Institutional investors and hedge funds own 91.13% 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)

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