Global Payments (NYSE:GPN) Price Target Cut to $145.00 by Analysts at KeyCorp

Global Payments (NYSE:GPN) had its price target dropped by stock analysts at KeyCorp from $155.00 to $145.00 in a report released on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the business services provider’s stock. KeyCorp’s target price would indicate a potential upside of 30.20% from the stock’s current price.

Several other research firms have also weighed in on GPN. UBS Group boosted their target price on shares of Global Payments from $130.00 to $145.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Royal Bank of Canada boosted their target price on shares of Global Payments from $154.00 to $172.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. TheStreet upgraded shares of Global Payments from a “c” rating to a “b-” rating in a research note on Thursday, February 1st. StockNews.com downgraded shares of Global Payments from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Barclays reduced their price target on shares of Global Payments from $170.00 to $160.00 and set an “overweight” rating for the company in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $150.00.

Global Payments Stock Up 0.8 %

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

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

Institutional Investors Weigh In On Global Payments

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Global Payments by 70.4% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 564 shares of the business services provider’s stock worth $72,000 after buying an additional 233 shares during the period. Waverly Advisors LLC raised its holdings in Global Payments by 60.5% during the 3rd quarter. Waverly Advisors LLC now owns 19,593 shares of the business services provider’s stock worth $2,261,000 after buying an additional 7,387 shares during the period. Shaker Investments LLC OH acquired a new stake in Global Payments during the 4th quarter worth about $1,815,000. AFS Financial Group LLC acquired a new stake in Global Payments during the 4th quarter worth about $202,000. Finally, Sigma Investment Counselors Inc. raised its holdings in Global Payments by 1.4% during the 4th quarter. Sigma Investment Counselors Inc. now owns 19,519 shares of the business services provider’s stock worth $2,479,000 after buying an additional 275 shares during the period. 89.76% of the stock is owned by institutional investors and hedge funds.

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.