Global Payments (NYSE:GPN) Given New Price Target at Susquehanna Bancshares

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Global Payments (NYSE:GPN) had its target price boosted by Susquehanna Bancshares from to in a research note issued to investors on Thursday, The Fly reports. The firm currently has a buy rating on the business services provider’s stock.

A number of other equities analysts also recently commented on GPN. Jefferies Financial Group raised their price objective on Global Payments from $195.00 to $235.00 and gave the stock a buy rating in a report on Wednesday, January 22nd. Wedbush raised their price objective on Global Payments from $185.00 to $218.00 and gave the stock an outperform rating in a report on Monday, January 13th. Barclays raised their price objective on Global Payments from $215.00 to $225.00 and gave the stock an overweight rating in a report on Tuesday, January 14th. Wells Fargo & Co raised their price objective on Global Payments from $190.00 to $225.00 and gave the stock an overweight rating in a report on Thursday. Finally, Credit Suisse Group began coverage on Global Payments in a report on Thursday, January 23rd. They issued an outperform rating and a $230.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-five have given a buy rating to the company’s stock. Global Payments presently has a consensus rating of Buy and a consensus price target of $205.53.

Shares of Global Payments stock traded up $3.64 during trading hours on Thursday, reaching $206.37. The stock had a trading volume of 1,801,209 shares, compared to its average volume of 1,525,887. The firm has a 50 day simple moving average of $194.12 and a two-hundred day simple moving average of $174.32. The firm has a market capitalization of $61.50 billion, a price-to-earnings ratio of 82.88, a P/E/G ratio of 1.56 and a beta of 1.00. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.32. Global Payments has a 1 year low of $120.20 and a 1 year high of $206.18.

Global Payments (NYSE:GPN) last released its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.11. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2.06 billion. Global Payments had a return on equity of 9.05% and a net margin of 10.59%. The company’s quarterly revenue was up 125.7% compared to the same quarter last year. During the same period last year, the business posted $1.33 EPS. Sell-side analysts forecast that Global Payments will post 5.83 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be paid a $0.195 dividend. The ex-dividend date is Thursday, March 12th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.38%. This is a positive change from Global Payments’s previous quarterly dividend of $0.01. Global Payments’s dividend payout ratio (DPR) is 15.03%.

In other Global Payments news, Director Joia M. Johnson acquired 560 shares of the stock in a transaction on Monday, December 2nd. The stock was purchased at an average price of $178.45 per share, for a total transaction of $99,932.00. Following the purchase, the director now directly owns 2,347 shares in the company, valued at $418,822.15. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William I. Jacobs sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $193.70, for a total value of $116,220.00. Following the sale, the director now owns 26,588 shares of the company’s stock, valued at approximately $5,150,095.60. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of GPN. First Financial Corp IN acquired a new stake in Global Payments during the 3rd quarter valued at approximately $27,000. Tarbox Family Office Inc. grew its stake in Global Payments by 130.7% during the 3rd quarter. Tarbox Family Office Inc. now owns 173 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 98 shares in the last quarter. Virtus ETF Advisers LLC acquired a new stake in Global Payments during the 4th quarter valued at approximately $29,000. Evoke Wealth LLC acquired a new stake in Global Payments during the 3rd quarter valued at approximately $30,000. Finally, Resources Management Corp CT ADV acquired a new stake in Global Payments during the 3rd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 87.83% of the company’s stock.

Global Payments Company Profile

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.

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Analyst Recommendations for Global Payments (NYSE:GPN)

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