A number of research firms have changed their ratings and price targets for Global Payments (NYSE: GPN):

  • 1/9/2019 – Global Payments was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Global Payments’ shares have declined in a year's time, comparing unfavorably against its industry’s growth in the same timeframe. The company suffers from a rising debt level. Moreover, its earnings are also expected to face currency volatility, owing to its worldwide presence. However, strategic investments in future growth-driving projects and successful refinancing of credit facilities bode well in the long haul. Consistent top-line growth and its accretive acquisitions are impressive as well. Investment in technology has enabled it to stay ahead of the rapidly changing payments industry.”
  • 1/8/2019 – Global Payments was upgraded by analysts at Goldman Sachs Group Inc from a “neutral” rating to a “buy” rating. They now have a $128.00 price target on the stock, up previously from $122.00.
  • 1/3/2019 – Global Payments was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Global Payments’  suffers from a rising debt level that weighs on its margins. Moreover, the company’s operations are also expected to face currency volatility, owing to its worldwide presence. The stock has underperformed its industry in a year's time. Nevertheless, strategic investments in future growth-driving projects and successful refinancing of credit facilities bode well in the long haul. Consistent top-line growth and its accretive acquisitions are impressive as well. However, shares of Global Payments have underperformed the industry in a year's time.”
  • 1/2/2019 – Global Payments had its price target lowered by analysts at KeyCorp from $135.00 to $130.00. They now have an “overweight” rating on the stock.
  • 12/21/2018 – Global Payments had its price target lowered by analysts at Piper Jaffray Companies from $155.00 to $141.00. They now have an “overweight” rating on the stock.
  • 12/18/2018 – Global Payments had its “sell” rating reaffirmed by analysts at Nomura. They now have a $91.00 price target on the stock, down previously from $97.00.

Shares of NYSE:GPN opened at $110.79 on Monday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.13. Global Payments Inc has a 12-month low of $94.81 and a 12-month high of $129.25. The stock has a market capitalization of $17.28 billion, a price-to-earnings ratio of 27.63, a price-to-earnings-growth ratio of 1.07 and a beta of 1.14.

Global Payments (NYSE:GPN) last issued its quarterly earnings results on Tuesday, October 30th. The business services provider reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.05. Global Payments had a return on equity of 18.38% and a net margin of 17.48%. The firm had revenue of $857.70 million for the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the company earned $1.15 EPS. The firm’s quarterly revenue was down 17.4% on a year-over-year basis. Sell-side analysts expect that Global Payments Inc will post 4.89 earnings per share for the current year.

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

In other news, Director Robert H. B. Baldwin, Jr. sold 3,000 shares of Global Payments stock in a transaction dated Friday, December 14th. The stock was sold at an average price of $102.02, for a total value of $306,060.00. Following the transaction, the director now directly owns 74,899 shares of the company’s stock, valued at approximately $7,641,195.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alan M. Silberstein sold 700 shares of Global Payments stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $109.66, for a total value of $76,762.00. Following the completion of the transaction, the director now directly owns 42,169 shares in the company, valued at $4,624,252.54. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,825 shares of company stock worth $745,541. 0.98% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue lifted its stake in shares of Global Payments by 3.7% in the 4th quarter. State of Alaska Department of Revenue now owns 26,432 shares of the business services provider’s stock valued at $2,725,000 after purchasing an additional 955 shares in the last quarter. Spence Asset Management lifted its stake in shares of Global Payments by 3.2% in the 4th quarter. Spence Asset Management now owns 42,502 shares of the business services provider’s stock valued at $4,383,000 after purchasing an additional 1,336 shares in the last quarter. CENTRAL TRUST Co lifted its stake in shares of Global Payments by 10.2% in the 4th quarter. CENTRAL TRUST Co now owns 1,597 shares of the business services provider’s stock valued at $165,000 after purchasing an additional 148 shares in the last quarter. Fulton Bank N.A. lifted its position in Global Payments by 7.8% during the 4th quarter. Fulton Bank N.A. now owns 5,156 shares of the business services provider’s stock worth $531,000 after acquiring an additional 373 shares in the last quarter. Finally, Federated Investors Inc. PA lifted its position in Global Payments by 121.8% during the 3rd quarter. Federated Investors Inc. PA now owns 232,443 shares of the business services provider’s stock worth $29,614,000 after acquiring an additional 127,631 shares in the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

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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