Global Payments (NYSE:GPN) PT Lowered to $128.00

Global Payments (NYSE:GPN) had its price target reduced by BMO Capital Markets from $143.00 to $128.00 in a research note published on Thursday morning, Benzinga reports. BMO Capital Markets currently has a market perform rating on the business services provider’s stock.

A number of other analysts have also weighed in on GPN. KeyCorp raised their target price on Global Payments from $135.00 to $155.00 and gave the company an overweight rating in a research note on Monday, January 8th. Susquehanna lowered their target price on Global Payments from $160.00 to $157.00 and set a positive rating for the company in a research note on Thursday. StockNews.com lowered Global Payments from a buy rating to a hold rating in a research note on Thursday. UBS Group lifted their price objective on Global Payments from $130.00 to $145.00 and gave the stock a neutral rating in a research report on Thursday, February 15th. Finally, B. Riley lifted their price objective on Global Payments from $180.00 to $186.00 and gave the stock a buy rating in a research report on Monday, February 5th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $150.00.

Global Payments Price Performance

Shares of NYSE GPN traded up $0.83 during midday trading on Thursday, reaching $111.37. 3,191,218 shares of the company traded hands, compared to its average volume of 2,029,470. The firm has a market cap of $28.43 billion, a PE ratio of 22.10, a PEG ratio of 0.72 and a beta of 0.97. The stock’s 50-day simple moving average is $127.50 and its 200-day simple moving average is $124.69. Global Payments has a 12 month low of $95.12 and a 12 month high of $141.77. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.99 and a current ratio of 0.92.

Global Payments (NYSE:GPN) last issued its quarterly earnings data on Wednesday, February 14th. The business services provider reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.64 by $0.01. Global Payments had a return on equity of 11.72% and a net margin of 13.40%. The company had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same period last year, the business earned $2.30 earnings per share. The business’s revenue was up 7.9% on a year-over-year basis. As a group, equities analysts anticipate that Global Payments will post 10.95 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.90%. The ex-dividend date is Friday, June 14th. Global Payments’s payout ratio is 19.84%.

Institutional Investors Weigh In On Global Payments

Several institutional investors have recently bought and sold shares of GPN. BluePath Capital Management LLC bought a new stake in Global Payments in the 3rd quarter valued at approximately $27,000. Turtle Creek Wealth Advisors LLC bought a new stake in Global Payments in the 4th quarter valued at approximately $30,000. McGlone Suttner Wealth Management Inc. bought a new stake in Global Payments in the 4th quarter valued at approximately $41,000. West Paces Advisors Inc. lifted its stake in Global Payments by 54.5% in the 1st quarter. West Paces Advisors Inc. now owns 309 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 109 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in shares of Global Payments by 77.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 407 shares of the business services provider’s stock worth $47,000 after purchasing an additional 178 shares in the last quarter. Institutional investors own 89.76% of the company’s stock.

Global Payments Company Profile

Global Payments Inc provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through two segments, Merchant Solutions and Issuer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services.