Global Payments Inc (NYSE:GPN) Receives Consensus Rating of “Buy” from Brokerages
Shares of Global Payments Inc (NYSE:GPN) have been given an average rating of “Buy” by the thirty analysts that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and twenty-three have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $183.55.
A number of equities analysts have recently commented on GPN shares. Zacks Investment Research lowered Global Payments from a “buy” rating to a “hold” rating and set a $195.00 price target for the company. in a report on Thursday, January 2nd. Goldman Sachs Group reaffirmed a “buy” rating and issued a $212.00 price target on shares of Global Payments in a report on Tuesday, September 24th. Raymond James raised Global Payments from a “market perform” rating to an “outperform” rating and set a $210.00 price target for the company in a report on Monday, January 6th. Oppenheimer raised their price target on Global Payments from $178.00 to $192.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. set a $203.00 price target on Global Payments and gave the stock a “buy” rating in a report on Friday, November 1st.
In other news, Director Joia M. Johnson purchased 575 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was purchased at an average price of $169.35 per share, with a total value of $97,376.25. Following the completion of the purchase, the director now directly owns 1,787 shares in the company, valued at approximately $302,628.45. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kriss Cloninger III sold 7,877 shares of Global Payments stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $169.15, for a total value of $1,332,394.55. Following the sale, the director now directly owns 26,155 shares of the company’s stock, valued at approximately $4,424,118.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,077 shares of company stock valued at $1,544,237. Corporate insiders own 0.88% of the company’s stock.
Shares of Global Payments stock traded down $1.99 during trading hours on Tuesday, reaching $191.31. The company had a trading volume of 1,384,402 shares, compared to its average volume of 1,390,530. Global Payments has a one year low of $109.52 and a one year high of $194.27. The business has a fifty day simple moving average of $182.26 and a 200 day simple moving average of $168.96. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market cap of $57.24 billion, a PE ratio of 36.86, a price-to-earnings-growth ratio of 1.45 and a beta of 0.95.
Global Payments (NYSE:GPN) last posted its quarterly earnings results on Thursday, October 31st. The business services provider reported $1.70 EPS for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.03. Global Payments had a return on equity of 9.05% and a net margin of 10.59%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the company earned $1.44 earnings per share. The business’s revenue for the quarter was up 27.4% on a year-over-year basis. On average, research analysts forecast that Global Payments will post 5.82 EPS for the current year.
The company also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a dividend of $0.195 per share. The ex-dividend date of this dividend was Thursday, December 12th. This is a positive change from Global Payments’s previous dividend of $0.01. Global Payments’s payout ratio is 15.03%.
About Global Payments
Global Payments Inc provides payment technology and software solutions for card, electronic, check, and digital-based payments. The company operates in three segments: North America, Europe, and Asia-Pacific. It offers authorization services, settlement and funding services, customer support and help-desk functions, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and statements, and online reporting services.
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