Global Payments (GPN) Earning Somewhat Favorable Press Coverage, Study Shows
Press coverage about Global Payments (NYSE:GPN) has trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Global Payments earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the business services provider an impact score of 45.7309391882334 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Insider Selling: Global Payments Inc (GPN) Director Sells 600 Shares of Stock (americanbankingnews.com)
- ETFs with exposure to Global Payments, Inc. : December 14, 2017 (finance.yahoo.com)
- Global Payments, Inc. breached its 50 day moving average in a Bullish Manner : GPN-US : December 12, 2017 (finance.yahoo.com)
- Are Global Payments Inc’s (GPN) Interest Costs Too High? (finance.yahoo.com)
Several analysts have recently weighed in on GPN shares. Bank of America started coverage on shares of Global Payments in a research note on Tuesday, September 12th. They issued a “buy” rating and a $110.00 price objective for the company. Cowen reiterated a “buy” rating and issued a $102.00 price objective on shares of Global Payments in a research note on Friday, September 8th. Royal Bank of Canada reiterated a “buy” rating and issued a $103.00 price objective on shares of Global Payments in a research note on Wednesday, September 6th. Robert W. Baird reiterated a “buy” rating and issued a $106.00 price objective on shares of Global Payments in a research note on Tuesday, September 5th. Finally, Buckingham Research started coverage on shares of Global Payments in a research note on Monday, October 2nd. They issued a “buy” rating and a $113.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $105.01.
Shares of Global Payments (NYSE GPN) traded up $0.18 during mid-day trading on Thursday, reaching $99.54. 1,269,885 shares of the company’s stock were exchanged, compared to its average volume of 1,117,484. The company has a market cap of $15,840.00, a price-to-earnings ratio of 26.92, a PEG ratio of 1.84 and a beta of 1.11. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.27. Global Payments has a fifty-two week low of $68.98 and a fifty-two week high of $104.90.
Global Payments (NYSE:GPN) last announced its quarterly earnings results on Wednesday, November 8th. The business services provider reported $1.15 EPS for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.12. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $917.31 million. Global Payments had a net margin of 7.14% and a return on equity of 18.50%. Global Payments’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.89 EPS. research analysts anticipate that Global Payments will post 3.81 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.01 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. Global Payments’s dividend payout ratio (DPR) is presently 2.27%.
In other news, Director Alan M. Silberstein sold 600 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $97.70, for a total value of $58,620.00. Following the completion of the sale, the director now owns 46,693 shares in the company, valued at approximately $4,561,906.10. The transaction was disclosed in a document filed 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 on Thursday, October 12th. The stock was sold at an average price of $99.82, for a total transaction of $2,595,320.00. The disclosure for this sale can be found here. Insiders have sold a total of 29,600 shares of company stock valued at $2,951,732 in the last 90 days. 0.93% of the stock is currently owned by company insiders.
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About Global Payments
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.
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