Global Payments Inc (NYSE:GPN) – Investment analysts at William Blair increased their Q4 2018 earnings estimates for Global Payments in a research note issued to investors on Wednesday, October 17th. William Blair analyst R. Napoli now expects that the business services provider will post earnings of $1.27 per share for the quarter, up from their prior forecast of $1.26.

Global Payments (NYSE:GPN) last released its quarterly earnings data on Thursday, August 2nd. The business services provider reported $1.29 EPS for the quarter, topping the consensus estimate of $1.22 by $0.07. The company had revenue of $982.50 million for the quarter, compared to the consensus estimate of $968.75 million. Global Payments had a return on equity of 17.99% and a net margin of 14.86%. Global Payments’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period last year, the business posted $0.94 EPS.

Several other research firms also recently commented on GPN. Deutsche Bank raised their price objective on Global Payments to $140.00 and gave the stock a “buy” rating in a report on Friday, September 14th. BMO Capital Markets assumed coverage on Global Payments in a report on Wednesday, September 26th. They set an “outperform” rating and a $139.00 price objective on the stock. Wedbush raised their price objective on Global Payments from $120.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, August 28th. Robert W. Baird raised their price objective on Global Payments from $136.00 to $142.00 and gave the stock an “outperform” rating in a report on Wednesday, October 17th. Finally, Buckingham Research raised their price objective on Global Payments from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have issued a buy rating to the company. Global Payments currently has an average rating of “Buy” and a consensus target price of $119.83.

GPN opened at $116.50 on Monday. The firm has a market cap of $18.43 billion, a price-to-earnings ratio of 29.05, a PEG ratio of 1.39 and a beta of 1.19. Global Payments has a 52 week low of $95.32 and a 52 week high of $129.25. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.06.

Hedge funds have recently made changes to their positions in the stock. Davy Asset Management Ltd acquired a new stake in Global Payments during the 2nd quarter worth about $648,000. Stephens Investment Management Group LLC lifted its position in Global Payments by 7.7% during the 2nd quarter. Stephens Investment Management Group LLC now owns 47,612 shares of the business services provider’s stock worth $5,240,000 after acquiring an additional 3,408 shares during the period. Royal London Asset Management Ltd. acquired a new stake in Global Payments during the 2nd quarter worth about $7,210,000. Bank of America Corp DE lifted its position in Global Payments by 8.5% during the 2nd quarter. Bank of America Corp DE now owns 1,192,076 shares of the business services provider’s stock worth $132,905,000 after acquiring an additional 93,698 shares during the period. Finally, Temasek Holdings Private Ltd lifted its position in Global Payments by 252.8% during the 2nd quarter. Temasek Holdings Private Ltd now owns 876,176 shares of the business services provider’s stock worth $97,685,000 after acquiring an additional 627,814 shares during the period. Hedge funds and other institutional investors own 96.58% of the company’s stock.

In related news, Director Robert H. B. Baldwin, Jr. sold 4,125 shares of the business’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $128.76, for a total transaction of $531,135.00. Following the transaction, the director now directly owns 83,024 shares in the company, valued at approximately $10,690,170.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robert H. B. Baldwin, Jr. sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $117.93, for a total value of $353,790.00. The disclosure for this sale can be found here. Insiders sold a total of 92,955 shares of company stock worth $11,773,553 over the last quarter. Company insiders own 0.98% of the company’s stock.

The business also recently declared a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 14th were issued a $0.01 dividend. The ex-dividend date was Thursday, September 13th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. Global Payments’s dividend payout ratio is presently 1.00%.

About Global Payments

Global Payments Inc provides payment technology and software solutions for credit cards, debit cards, electronic payments, and check-related services. It offers authorization services, settlement and funding services, customer support and help-desk functions, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and statements, online reporting, industry compliance, and payment card industry security services.

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