Global Payments (NYSE:GPN) PT Lowered to $145.00

Global Payments (NYSE:GPN) had its price target lowered by equities researchers at Barclays from $160.00 to $145.00 in a report released on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the business services provider’s stock. Barclays‘s price objective would indicate a potential upside of 30.20% from the company’s current price.

Several other equities research analysts also recently commented on GPN. Keefe, Bruyette & Woods dropped their target price on Global Payments from $158.00 to $150.00 and set an “outperform” rating on the stock in a report on Thursday. TD Cowen dropped their target price on Global Payments from $160.00 to $152.00 and set a “buy” rating on the stock in a report on Thursday. Evercore ISI dropped their target price on Global Payments from $185.00 to $180.00 and set an “outperform” rating on the stock in a report on Thursday, February 15th. Royal Bank of Canada boosted their target price on Global Payments from $154.00 to $172.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Finally, StockNews.com downgraded Global Payments from a “buy” rating to a “hold” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $150.00.

Global Payments Stock Up 0.8 %

Shares of NYSE GPN traded up $0.83 during mid-day trading on Thursday, hitting $111.37. 3,191,218 shares of the stock traded hands, compared to its average volume of 2,029,470. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.99 and a current ratio of 0.92. Global Payments has a 52 week low of $95.12 and a 52 week high of $141.77. The company has a market cap of $28.43 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 0.71 and a beta of 0.97. The stock has a fifty day moving average price of $127.93 and a 200-day moving average price of $124.72.

Global Payments (NYSE:GPN) last released its quarterly earnings results on Wednesday, February 14th. The business services provider reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.64 by $0.01. Global Payments had a return on equity of 11.72% and a net margin of 13.40%. The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period in the previous year, the company posted $2.30 earnings per share. The firm’s revenue was up 7.9% on a year-over-year basis. Research analysts anticipate that Global Payments will post 10.94 EPS for the current year.

Institutional Trading of Global Payments

A number of hedge funds and other institutional investors have recently bought and sold shares of GPN. Norges Bank purchased a new stake in Global Payments in the fourth quarter worth about $365,933,000. FMR LLC increased its position in Global Payments by 40.7% in the third quarter. FMR LLC now owns 9,346,779 shares of the business services provider’s stock worth $1,078,525,000 after buying an additional 2,703,434 shares in the last quarter. Ameriprise Financial Inc. increased its position in Global Payments by 338.3% in the third quarter. Ameriprise Financial Inc. now owns 3,288,108 shares of the business services provider’s stock worth $379,416,000 after buying an additional 2,537,941 shares in the last quarter. Pzena Investment Management LLC purchased a new stake in Global Payments in the third quarter worth about $197,875,000. Finally, Boston Partners increased its position in Global Payments by 40.5% in the third quarter. Boston Partners now owns 5,142,771 shares of the business services provider’s stock worth $591,613,000 after buying an additional 1,481,714 shares in the last quarter. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Global Payments Company Profile

Global Payments Inc provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through two segments, Merchant Solutions and Issuer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services.