Global Payments Inc. (NYSE:GPN)‘s stock had its “sell” rating restated by equities research analysts at Nomura in a research note issued on Monday. They currently have a $83.00 price target on the business services provider’s stock. Nomura’s price target indicates a potential downside of 16.70% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Robert W. Baird restated a “buy” rating and set a $106.00 price target on shares of Global Payments in a research report on Tuesday, September 5th. Royal Bank Of Canada lowered their price target on shares of Global Payments from $103.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, August 4th. Stifel Nicolaus reiterated a “buy” rating and issued a $103.00 target price (up previously from $102.00) on shares of Global Payments in a research report on Friday, August 4th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $100.00 target price on shares of Global Payments in a research report on Thursday, August 3rd. Finally, William Blair reiterated an “outperform” rating on shares of Global Payments in a research report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-two have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $100.32.

Shares of Global Payments (NYSE GPN) traded up 0.059% during mid-day trading on Monday, hitting $99.699. 400,252 shares of the stock traded hands. The stock has a market cap of $15.20 billion, a P/E ratio of 77.346 and a beta of 1.11. The firm’s 50 day moving average price is $96.20 and its 200-day moving average price is $90.74. Global Payments has a 12-month low of $64.63 and a 12-month high of $100.34.

Global Payments (NYSE:GPN) last released its quarterly earnings results on Thursday, August 3rd. The business services provider reported $0.94 EPS for the quarter, topping the consensus estimate of $0.87 by $0.07. The business had revenue of $847.90 million during the quarter, compared to analyst estimates of $837.76 million. Global Payments had a net margin of 6.65% and a return on equity of 18.32%. The company’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 earnings per share. Analysts predict that Global Payments will post $3.95 earnings per share for the current year.

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In other Global Payments news, insider David E. Mangum sold 75,794 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $94.51, for a total transaction of $7,163,290.94. Following the completion of the sale, the insider now directly owns 112,930 shares of the company’s stock, valued at $10,673,014.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert H. B. Baldwin, Jr. sold 26,000 shares of the company’s stock in a transaction dated Thursday, October 12th. The shares were 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 163,549 shares of company stock valued at $15,644,471 over the last ninety days. Insiders own 0.93% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Lord Abbett & CO. LLC lifted its position in shares of Global Payments by 50.0% in the second quarter. Lord Abbett & CO. LLC now owns 420,429 shares of the business services provider’s stock worth $37,973,000 after purchasing an additional 140,109 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of Global Payments by 25.7% in the second quarter. Toronto Dominion Bank now owns 51,654 shares of the business services provider’s stock worth $4,665,000 after purchasing an additional 10,551 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its position in shares of Global Payments by 9.4% in the second quarter. Dynamic Technology Lab Private Ltd now owns 3,283 shares of the business services provider’s stock worth $297,000 after purchasing an additional 283 shares in the last quarter. Sterling Capital Management LLC lifted its position in shares of Global Payments by 3.1% in the second quarter. Sterling Capital Management LLC now owns 120,209 shares of the business services provider’s stock worth $10,857,000 after purchasing an additional 3,621 shares in the last quarter. Finally, Ameritas Investment Partners Inc. lifted its position in shares of Global Payments by 0.4% in the second quarter. Ameritas Investment Partners Inc. now owns 17,368 shares of the business services provider’s stock worth $1,567,000 after purchasing an additional 65 shares in the last quarter. 97.80% of the stock is 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.

Analyst Recommendations for Global Payments (NYSE:GPN)

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