Global Payments (NYSE:GPN) PT Lowered to $145.00

Global Payments (NYSE:GPN) had its price objective cut by Barclays from $160.00 to $145.00 in a report issued on Thursday, Benzinga reports. They currently have an overweight rating on the business services provider’s stock.

Other equities research analysts have also issued reports about the company. Royal Bank of Canada boosted their target price on Global Payments from $154.00 to $172.00 and gave the stock an outperform rating in a report on Thursday, February 15th. TheStreet upgraded Global Payments from a c rating to a b- rating in a report on Thursday, February 1st. JPMorgan Chase & Co. boosted their target price on Global Payments from $145.00 to $159.00 and gave the stock a neutral rating in a report on Thursday, February 15th. StockNews.com lowered Global Payments from a buy rating to a hold rating in a report on Thursday. Finally, UBS Group boosted their target price on Global Payments from $130.00 to $145.00 and gave the stock a neutral rating in a report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $150.00.

Global Payments Stock Up 0.8 %

NYSE GPN traded up $0.83 during trading on Thursday, reaching $111.37. The company’s stock had a trading volume of 3,191,218 shares, compared to its average volume of 2,029,470. The company has a current ratio of 0.92, a quick ratio of 0.99 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $28.43 billion, a PE ratio of 22.10, a PEG ratio of 0.71 and a beta of 0.97. Global Payments has a 1-year low of $95.12 and a 1-year high of $141.77. The business has a 50-day moving average price of $127.93 and a 200-day moving average price of $124.72.

Global Payments (NYSE:GPN) last released its quarterly earnings data on Wednesday, February 14th. The business services provider reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $0.01. The business had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.18 billion. Global Payments had a net margin of 13.40% and a return on equity of 11.72%. Global Payments’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.30 EPS. On average, research analysts forecast that Global Payments will post 10.94 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

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

Institutional Trading of Global Payments

A number of large investors have recently bought and sold shares of GPN. Cambridge Investment Research Advisors Inc. grew its position in Global Payments by 58.1% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 11,684 shares of the business services provider’s stock valued at $1,348,000 after acquiring an additional 4,295 shares during the period. Pinnacle Associates Ltd. grew its holdings in shares of Global Payments by 11.9% during the third quarter. Pinnacle Associates Ltd. now owns 2,904 shares of the business services provider’s stock worth $335,000 after purchasing an additional 308 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Global Payments by 2.9% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 43,274 shares of the business services provider’s stock worth $4,993,000 after purchasing an additional 1,240 shares during the last quarter. Stratos Wealth Partners LTD. grew its holdings in shares of Global Payments by 2.0% during the third quarter. Stratos Wealth Partners LTD. now owns 4,707 shares of the business services provider’s stock worth $543,000 after purchasing an additional 94 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. grew its holdings in shares of Global Payments by 2.7% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 129,000 shares of the business services provider’s stock worth $14,885,000 after purchasing an additional 3,400 shares during the last quarter. 89.76% of the stock is currently owned by institutional investors.

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.