Global Payments’ (GPN) Outperform Rating Reaffirmed at Royal Bank Of Canada
Royal Bank Of Canada reissued their outperform rating on shares of Global Payments Inc. (NYSE:GPN) in a report published on Thursday morning, MarketBeat reports. Royal Bank Of Canada currently has a $108.00 target price on the business services provider’s stock, up from their previous target price of $103.00.
A number of other analysts also recently issued reports on GPN. BMO Capital Markets lifted their price target on Global Payments from $103.00 to $115.00 and gave the company a positive rating in a research report on Thursday. Piper Jaffray Companies lifted their price target on Global Payments to $105.00 and gave the company a neutral rating in a research report on Wednesday, November 8th. Stifel Nicolaus reiterated a buy rating and set a $121.00 price target (up previously from $103.00) on shares of Global Payments in a research report on Thursday. Robert W. Baird lifted their price target on Global Payments from $106.00 to $110.00 and gave the company an outperform rating in a research report on Thursday, September 28th. Finally, Barclays PLC lifted their price target on Global Payments from $98.00 to $105.00 and gave the company an overweight rating in a research report on Friday, August 4th. 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 stock. The company has a consensus rating of Buy and a consensus price target of $104.56.
Shares of Global Payments (NYSE GPN) traded down $0.47 on Thursday, hitting $98.85. The stock had a trading volume of 1,142,800 shares, compared to its average volume of 1,123,539. The company has a market cap of $15,731.23, a P/E ratio of 26.57, a PEG ratio of 1.81 and a beta of 1.14. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.27. Global Payments has a 12-month low of $64.63 and a 12-month high of $104.83.
Global Payments (NYSE:GPN) last issued its quarterly earnings results on Wednesday, November 8th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.12. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $917.31 million. Global Payments had a return on equity of 18.50% and a net margin of 7.14%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the company posted $0.89 EPS. equities research analysts expect that Global Payments will post 3.75 EPS for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders 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 annualized dividend and a dividend yield of 0.04%. Global Payments’s dividend payout ratio (DPR) is presently 2.23%.
In related news, Director Alan M. Silberstein sold 600 shares of the company’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $93.74, for a total value of $56,244.00. Following the sale, the director now directly owns 47,293 shares of the company’s stock, valued at $4,433,245.82. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 value of $2,595,320.00. The disclosure for this sale can be found here. Insiders have sold 77,155 shares of company stock worth $7,478,710 over the last three months. Insiders own 0.93% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Thompson Davis & CO. Inc. grew its stake in Global Payments by 0.8% in the second quarter. Thompson Davis & CO. Inc. now owns 1,197 shares of the business services provider’s stock worth $108,000 after purchasing an additional 10 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Global Payments by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,329 shares of the business services provider’s stock worth $1,023,000 after purchasing an additional 34 shares during the period. Xact Kapitalforvaltning AB grew its stake in Global Payments by 0.3% in the second quarter. Xact Kapitalforvaltning AB now owns 11,990 shares of the business services provider’s stock worth $1,083,000 after purchasing an additional 41 shares during the period. First Personal Financial Services grew its stake in Global Payments by 1.7% in the second quarter. First Personal Financial Services now owns 2,875 shares of the business services provider’s stock worth $260,000 after purchasing an additional 47 shares during the period. Finally, Keybank National Association OH grew its stake in Global Payments by 1.5% in the second quarter. Keybank National Association OH now owns 3,792 shares of the business services provider’s stock worth $342,000 after purchasing an additional 56 shares during the period. 97.90% of the stock is currently owned by institutional investors.
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.
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