Global Payments Inc. (NYSE:GPN) had its price objective boosted by BMO Capital Markets from $103.00 to $115.00 in a report released on Thursday morning. They currently have a positive rating on the business services provider’s stock.

Other equities research analysts have also issued reports about the stock. Stifel Nicolaus reiterated a buy rating and issued a $103.00 price objective (up from $102.00) on shares of Global Payments in a research report on Friday, August 4th. Keefe, Bruyette & Woods reissued a buy rating and issued a $100.00 target price on shares of Global Payments in a research note on Thursday, August 3rd. Royal Bank Of Canada reissued a buy rating and issued a $103.00 target price on shares of Global Payments in a research note on Wednesday, September 6th. Robert W. Baird reissued a buy rating and issued a $106.00 target price on shares of Global Payments in a research note on Tuesday, September 5th. Finally, Cowen and Company reissued a buy rating and issued a $102.00 target price on shares of Global Payments in a research note on Friday, September 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $104.56.

Global Payments (NYSE:GPN) traded down $0.47 during trading on Thursday, hitting $98.85. 1,142,800 shares of the company traded hands, compared to its average volume of 1,117,132. Global Payments has a 1-year low of $64.63 and a 1-year high of $104.83. The company has a quick ratio of 1.20, a current ratio of 1.14 and a debt-to-equity ratio of 1.27. The stock has a market cap of $15,731.19, a price-to-earnings ratio of 26.57, a PEG ratio of 1.81 and a beta of 1.14.

Global Payments (NYSE:GPN) last released its quarterly earnings data on Wednesday, November 8th. The business services provider reported $1.15 EPS for the quarter, topping the consensus estimate of $1.03 by $0.12. Global Payments had a net margin of 7.14% and a return on equity of 18.50%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $917.31 million. During the same period in the previous year, the firm earned $0.89 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. research analysts forecast that Global Payments will post 3.75 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “BMO Capital Markets Boosts Global Payments Inc. (GPN) Price Target to $115.00” was published by Watch List News and is the property of of Watch List News. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark & copyright law. The correct version of this story can be read at https://www.watchlistnews.com/bmo-capital-markets-boosts-global-payments-inc-gpn-price-target-to-115-00/1698448.html.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date of this dividend is Thursday, December 14th. Global Payments’s dividend payout ratio is presently 2.23%.

In related news, Director Robert H. B. Baldwin, Jr. sold 5,600 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $94.58, for a total transaction of $529,648.00. Following the sale, the director now directly owns 178,177 shares of the company’s stock, valued at approximately $16,851,980.66. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert H. B. Baldwin, Jr. sold 26,000 shares of the company’s stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $99.82, for a total value of $2,595,320.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 77,755 shares of company stock valued at $7,535,230. Company insiders own 0.93% of the company’s stock.

Several hedge funds have recently bought and sold shares of GPN. Teachers Advisors LLC raised its position in shares of Global Payments by 5.8% during the 1st quarter. Teachers Advisors LLC now owns 177,074 shares of the business services provider’s stock valued at $14,286,000 after acquiring an additional 9,773 shares in the last quarter. Thrivent Financial For Lutherans raised its position in shares of Global Payments by 5.9% during the 1st quarter. Thrivent Financial For Lutherans now owns 5,590 shares of the business services provider’s stock valued at $451,000 after acquiring an additional 310 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Global Payments by 7.8% during the 1st quarter. HighTower Advisors LLC now owns 5,371 shares of the business services provider’s stock valued at $434,000 after acquiring an additional 390 shares in the last quarter. Xact Kapitalforvaltning AB raised its position in shares of Global Payments by 0.3% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 11,990 shares of the business services provider’s stock valued at $1,083,000 after acquiring an additional 41 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in Global Payments in the second quarter worth $361,000. 98.10% of the stock is currently owned by institutional investors and hedge funds.

Global Payments Company Profile

Global Payments Inc is a provider of payment technology services. The Company provides payment and digital commerce solutions. The Company operates through three segments: North America, Europe and Asia-Pacific. The Company’s segments primarily provide payment solutions for credit cards, debit cards, electronic payments and check-related services.

Analyst Recommendations for Global Payments (NYSE:GPN)

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