Global Payments (NYSE:GPN) had its price objective increased by Robert W. Baird from $174.00 to $182.00 in a research note issued to investors on Tuesday morning, The Fly reports. The firm currently has an outperform rating on the business services provider’s stock.

A number of other brokerages also recently commented on GPN. Wedbush dropped their target price on shares of Hercules Capital from $15.00 to $13.50 and set a hold rating on the stock in a research note on Wednesday, March 13th. Bank of America upped their target price on shares of Visa from $177.00 to $192.00 and gave the stock a buy rating in a research note on Monday, June 17th. Susquehanna Bancshares upgraded shares of Global Payments from a neutral rating to a positive rating and upped their target price for the stock from $130.00 to $170.00 in a research note on Tuesday, May 7th. Oppenheimer upped their target price on shares of Global Payments from $152.00 to $161.00 and gave the stock an outperform rating in a research note on Wednesday, May 29th. Finally, Atlantic Securities downgraded shares of Biogen from an overweight rating to a neutral rating in a research note on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have given a buy rating to the company’s stock. Global Payments currently has a consensus rating of Buy and a consensus target price of $147.97.

Shares of GPN stock opened at $164.22 on Tuesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $25.80 billion, a P/E ratio of 31.64, a P/E/G ratio of 1.66 and a beta of 1.03. The stock has a 50-day moving average of $158.61. Global Payments has a one year low of $94.81 and a one year high of $166.13.

Global Payments (NYSE:GPN) last issued its earnings results on Thursday, May 2nd. The business services provider reported $1.34 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.12. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.04 billion. Global Payments had a net margin of 13.69% and a return on equity of 19.83%. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.13 EPS. As a group, analysts expect that Global Payments will post 5.81 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a $0.01 dividend. The ex-dividend date was Thursday, June 13th. This represents a $0.04 annualized dividend and a dividend yield of 0.02%. Global Payments’s payout ratio is presently 0.77%.

In related news, Director Alan M. Silberstein sold 700 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $138.96, for a total transaction of $97,272.00. Following the completion of the sale, the director now owns 40,355 shares of the company’s stock, valued at $5,607,730.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert H. B. Baldwin, Jr. sold 4,250 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $146.36, for a total transaction of $622,030.00. Following the sale, the director now directly owns 48,382 shares of the company’s stock, valued at approximately $7,081,189.52. The disclosure for this sale can be found here. Insiders sold a total of 5,650 shares of company stock valued at $829,867 in the last ninety days. Corporate insiders own 0.88% of the company’s stock.

A number of large investors have recently bought and sold shares of GPN. Lunia Capital LP purchased a new stake in Global Payments during the fourth quarter valued at approximately $18,742,000. Norges Bank purchased a new stake in Global Payments during the fourth quarter valued at approximately $131,343,000. Coho Partners Ltd. purchased a new stake in Global Payments during the first quarter valued at approximately $118,168,000. Swedbank purchased a new stake in Global Payments during the second quarter valued at approximately $101,586,000. Finally, Shellback Capital LP purchased a new stake in Global Payments during the fourth quarter valued at approximately $36,197,000. 97.44% of the stock is owned by institutional investors.

About Global Payments

Global Payments Inc provides payment technology and software solutions for card, electronic, check, and digital-based payments. The company operates in three segments: North America, Europe, and Asia-Pacific. 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, and online reporting services.

See Also: Leveraged Buyout (LBO)

The Fly

Analyst Recommendations for Global Payments (NYSE:GPN)

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