Global Payments (NYSE:GPN) had its price target increased by research analysts at UBS Group from $227.00 to $232.00 in a report issued on Friday, BenzingaRatingsTable reports. The brokerage currently has a “buy” rating on the business services provider’s stock. UBS Group’s price target suggests a potential upside of 14.44% from the company’s current price.

Several other brokerages also recently weighed in on GPN. Robert W. Baird boosted their target price on Global Payments from $212.00 to $222.00 and gave the stock an “outperform” rating in a research note on Monday. William Blair restated an “outperform” rating on shares of Global Payments in a research note on Thursday, October 17th. ValuEngine upgraded Global Payments from a “sell” rating to a “hold” rating in a research note on Wednesday, January 15th. SunTrust Banks boosted their target price on Global Payments from $210.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Raymond James boosted their target price on Global Payments from $210.00 to $229.00 and gave the stock an “outperform” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $205.53.

Shares of GPN stock opened at $202.73 on Friday. Global Payments has a 1-year low of $120.20 and a 1-year high of $206.18. The stock’s fifty day moving average price is $194.12 and its 200 day moving average price is $174.32. 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 company has a market cap of $61.50 billion, a price-to-earnings ratio of 81.42, a price-to-earnings-growth ratio of 1.56 and a beta of 1.00.

Global Payments (NYSE:GPN) last announced its earnings results on Wednesday, February 12th. The business services provider reported $1.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.51 by $0.11. Global Payments had a return on equity of 9.05% and a net margin of 10.59%. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the previous year, the business earned $1.33 EPS. The firm’s revenue for the quarter was up 125.7% on a year-over-year basis. As a group, equities research analysts anticipate that Global Payments will post 5.83 earnings per share for the current year.

In related news, Director Joia M. Johnson acquired 560 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was acquired at an average price of $178.45 per share, with a total value of $99,932.00. Following the acquisition, the director now directly owns 2,347 shares in the company, valued at approximately $418,822.15. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William I. Jacobs sold 600 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $179.70, for a total value of $107,820.00. Following the completion of the transaction, the director now directly owns 27,188 shares of the company’s stock, valued at approximately $4,885,683.60. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of GPN. FMR LLC raised its holdings in Global Payments by 0.8% in the 4th quarter. FMR LLC now owns 13,408,186 shares of the business services provider’s stock worth $2,447,799,000 after purchasing an additional 109,271 shares during the period. State Street Corp raised its holdings in Global Payments by 1.4% in the 4th quarter. State Street Corp now owns 11,773,243 shares of the business services provider’s stock worth $2,149,323,000 after purchasing an additional 158,819 shares during the period. BlackRock Inc. raised its holdings in Global Payments by 4.3% in the 2nd quarter. BlackRock Inc. now owns 11,019,167 shares of the business services provider’s stock worth $1,764,501,000 after purchasing an additional 452,606 shares during the period. Synovus Financial Corp raised its holdings in Global Payments by 622,774.1% in the 3rd quarter. Synovus Financial Corp now owns 9,293,282 shares of the business services provider’s stock worth $1,477,630,000 after purchasing an additional 9,291,790 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in Global Payments by 0.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,761,192 shares of the business services provider’s stock worth $1,599,444,000 after purchasing an additional 58,215 shares during the period. 87.83% of the stock is owned by institutional investors and hedge funds.

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.

Recommended Story: How Investors Can Profit from Options Trading

Analyst Recommendations for Global Payments (NYSE:GPN)

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