Global Payments (NYSE:GPN) Price Target Raised to $175.00 at Jefferies Financial Group

Global Payments (NYSE:GPN) had its price objective upped by Jefferies Financial Group from $155.00 to $175.00 in a research report released on Wednesday, The Fly reports. Jefferies Financial Group currently has a buy rating on the business services provider’s stock. Jefferies Financial Group also issued estimates for Global Payments’ Q4 2021 earnings at $2.03 EPS, FY2021 earnings at $7.76 EPS, Q1 2022 earnings at $2.04 EPS, Q2 2022 earnings at $2.23 EPS, Q3 2022 earnings at $2.48 EPS, Q4 2022 earnings at $2.43 EPS and FY2022 earnings at $9.17 EPS.

Other analysts also recently issued reports about the stock. Oppenheimer dropped their target price on shares of Global Payments from $210.00 to $195.00 and set an outperform rating on the stock in a report on Friday, November 5th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Global Payments from $237.00 to $222.00 and set a buy rating on the stock in a report on Thursday, January 6th. Wolfe Research lowered their price objective on shares of Global Payments from $250.00 to $200.00 and set an outperform rating on the stock in a report on Wednesday, November 3rd. Barclays lowered their price objective on shares of Global Payments from $195.00 to $182.00 and set an overweight rating on the stock in a report on Friday, December 10th. Finally, Robert W. Baird reissued an outperform rating and issued a $205.00 target price on shares of Global Payments in a research note on Thursday, December 30th. Five equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to data from MarketBeat, Global Payments currently has a consensus rating of Buy and an average price target of $193.69.

Global Payments stock opened at $150.55 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market capitalization of $43.68 billion, a price-to-earnings ratio of 47.49, a PEG ratio of 0.86 and a beta of 1.13. The company’s 50 day simple moving average is $132.26 and its 200 day simple moving average is $155.62. Global Payments has a fifty-two week low of $116.75 and a fifty-two week high of $220.81.

Global Payments (NYSE:GPN) last announced its earnings results on Tuesday, November 2nd. The business services provider reported $2.18 EPS for the quarter, topping the consensus estimate of $2.14 by $0.04. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.99 billion. Global Payments had a net margin of 11.38% and a return on equity of 8.08%. During the same period last year, the company posted $1.71 EPS. As a group, analysts predict that Global Payments will post 7.76 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 30th. Shareholders of record on Thursday, December 16th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.66%. The ex-dividend date was Wednesday, December 15th. Global Payments’s payout ratio is 31.55%.

In other news, Director Kriss Cloninger III acquired 1,000 shares of the stock in a transaction dated Friday, November 5th. The stock was bought at an average price of $137.68 per share, with a total value of $137,680.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William I. Jacobs sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, December 15th. The shares were sold at an average price of $129.28, for a total value of $64,640.00. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in GPN. Amundi Pioneer Asset Management Inc. increased its stake in shares of Global Payments by 48.0% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 111,641 shares of the business services provider’s stock valued at $15,241,000 after buying an additional 36,216 shares during the period. American Century Companies Inc. increased its stake in shares of Global Payments by 23.0% in the second quarter. American Century Companies Inc. now owns 4,477 shares of the business services provider’s stock valued at $840,000 after buying an additional 838 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Global Payments by 11.3% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 54,632 shares of the business services provider’s stock valued at $10,246,000 after buying an additional 5,556 shares during the period. Empirical Finance LLC boosted its holdings in Global Payments by 15.7% in the second quarter. Empirical Finance LLC now owns 3,511 shares of the business services provider’s stock valued at $658,000 after acquiring an additional 476 shares during the last quarter. Finally, Avantax Planning Partners Inc. boosted its holdings in Global Payments by 29.1% in the second quarter. Avantax Planning Partners Inc. now owns 1,285 shares of the business services provider’s stock valued at $241,000 after acquiring an additional 290 shares during the last quarter. 83.25% of the stock is owned by institutional investors.

About Global Payments

Global Payments, Inc engages in the provision of payment technology and software solutions. It operates through the following segments: Merchant Solutions, Issuer Solutions and Business & Consumer Solutions. The Merchant Solutions segment provides payments technology and software solutions to customers globally.

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