Global Payments (NYSE:GPN) Price Target Increased to $233.00 by Analysts at Citigroup

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Global Payments (NYSE:GPN) had its target price hoisted by Citigroup from $230.00 to $233.00 in a research report report published on Thursday, BenzingaRatingsTable reports. They currently have a buy rating on the business services provider’s stock.

A number of other equities analysts have also weighed in on the company. Deutsche Bank increased their price target on Global Payments from $182.00 to $230.00 and gave the company a buy rating in a research report on Monday, January 27th. Raymond James increased their price target on Global Payments from $210.00 to $229.00 and gave the company an outperform rating in a research report on Tuesday. Cowen reiterated an outperform rating and issued a $206.00 price target (up previously from $195.00) on shares of Global Payments in a research report on Friday, December 13th. Barclays increased their price target on Global Payments from $215.00 to $225.00 and gave the company an overweight rating in a research report on Tuesday, January 14th. Finally, Wolfe Research set a $195.00 price target on Global Payments and gave the company a buy rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-five have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $205.53.

NYSE:GPN traded up $3.64 during mid-day trading on Thursday, reaching $206.37. 1,801,209 shares of the stock were exchanged, compared to its average volume of 1,525,887. The business has a fifty day moving average price of $194.12 and a 200 day moving average price of $174.32. The firm has a market capitalization of $61.50 billion, a PE ratio of 82.88, a PEG ratio of 1.56 and a beta of 1.00. Global Payments has a 1-year low of $120.20 and a 1-year high of $206.18. 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 (NYSE:GPN) last released its earnings results on Wednesday, February 12th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.11. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.06 billion. Global Payments had a return on equity of 9.05% and a net margin of 10.59%. Global Payments’s revenue was up 125.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.33 earnings per share. On average, sell-side analysts forecast that Global Payments will post 5.83 earnings per share for the current year.

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

In other Global Payments news, Director Joia M. Johnson acquired 560 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was purchased at an average cost of $178.45 per share, for a total transaction of $99,932.00. Following the transaction, the director now owns 2,347 shares of the company’s stock, valued at approximately $418,822.15. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director William I. Jacobs sold 600 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was 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 $5,150,095.60. The disclosure for this sale can be found here. Company insiders own 0.88% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Global Payments by 48.0% during the 1st 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 last quarter. BlackRock Inc. lifted its holdings in shares of Global Payments by 4.3% during the 2nd quarter. BlackRock Inc. now owns 11,019,167 shares of the business services provider’s stock valued at $1,764,501,000 after buying an additional 452,606 shares during the last quarter. Valeo Financial Advisors LLC lifted its holdings in shares of Global Payments by 1,314.5% during the 3rd quarter. Valeo Financial Advisors LLC now owns 778 shares of the business services provider’s stock valued at $124,000 after buying an additional 723 shares during the last quarter. First Financial Corp IN acquired a new stake in shares of Global Payments during the 3rd quarter valued at about $27,000. Finally, First Command Financial Services Inc. lifted its holdings in shares of Global Payments by 337.7% during the 3rd quarter. First Command Financial Services Inc. now owns 1,138 shares of the business services provider’s stock valued at $181,000 after buying an additional 878 shares during the last quarter. 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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