Global Payments (NYSE:GPN) had its price objective boosted by analysts at Oppenheimer from $21.00 to $23.00 in a report issued on Friday. The firm currently has an “outperform” rating on the business services provider’s stock. Oppenheimer’s target price would suggest a potential downside of 78.71% from the company’s previous close.

Several other research firms have also commented on GPN. Stephens upgraded shares of Global Payments from an “equal weight” rating to an “overweight” rating and set a $122.00 price objective for the company in a research note on Tuesday, January 9th. Morgan Stanley raised their price target on shares of Global Payments from $98.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 2nd. Stifel Nicolaus restated a “buy” rating and set a $121.00 price target (up previously from $103.00) on shares of Global Payments in a research note on Thursday, November 9th. Credit Suisse Group restated an “outperform” rating and set a $108.00 price target (up previously from $100.00) on shares of Global Payments in a research note on Thursday, November 9th. They noted that the move was a valuation call. Finally, BMO Capital Markets raised their price target on shares of Global Payments from $103.00 to $115.00 and gave the stock a “positive” rating in a research note on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-two have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $104.76.

Shares of Global Payments (NYSE GPN) opened at $108.01 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $17,190.00, a PE ratio of 61.37, a price-to-earnings-growth ratio of 1.64 and a beta of 1.11. Global Payments has a one year low of $75.88 and a one year high of $108.06.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Wednesday, November 8th. The business services provider reported $1.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.12. The firm 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%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the business posted $0.89 EPS. equities research analysts forecast that Global Payments will post 3.81 earnings per share for the current year.

In related news, Director Alan M. Silberstein sold 600 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $100.48, for a total value of $60,288.00. Following the completion of the transaction, the director now directly owns 45,493 shares of the company’s stock, valued at approximately $4,571,136.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 3,600 shares of company stock valued at $366,270. 0.93% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. boosted its holdings in Global Payments by 0.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 17,368 shares of the business services provider’s stock valued at $1,567,000 after purchasing an additional 65 shares during the period. Mutual of America Capital Management LLC boosted its holdings in Global Payments by 0.4% in the 2nd quarter. Mutual of America Capital Management LLC now owns 25,299 shares of the business services provider’s stock valued at $2,285,000 after purchasing an additional 103 shares during the period. MML Investors Services LLC boosted its holdings in Global Payments by 2.4% in the 2nd quarter. MML Investors Services LLC now owns 11,426 shares of the business services provider’s stock valued at $1,032,000 after purchasing an additional 269 shares during the period. Dynamic Technology Lab Private Ltd boosted its holdings in Global Payments by 9.4% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 3,283 shares of the business services provider’s stock valued at $297,000 after purchasing an additional 283 shares during the period. Finally, BB&T Securities LLC boosted its holdings in Global Payments by 12.5% in the 3rd quarter. BB&T Securities LLC now owns 4,703 shares of the business services provider’s stock valued at $446,000 after purchasing an additional 522 shares during the period. 98.82% of the stock is owned by institutional investors.

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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)

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