Keefe, Bruyette & Woods reaffirmed their buy rating on shares of Global Payments (NYSE:GPN) in a report released on Friday. They currently have a $122.00 price target on the business services provider’s stock.

A number of other analysts have also issued reports on the company. Credit Suisse Group reaffirmed an outperform rating on shares of Global Payments in a research report on Tuesday, September 5th. Zacks Investment Research lowered Global Payments from a buy rating to a hold rating in a research report on Tuesday, November 14th. Deutsche Bank reaffirmed a buy rating and set a $115.00 target price (up from $100.00) on shares of Global Payments in a research report on Tuesday, October 10th. Nomura lifted their target price on Global Payments from $83.00 to $85.00 and gave the stock a reduce rating in a research report on Thursday, November 9th. Finally, Robert W. Baird reaffirmed a buy rating and set a $106.00 target price on shares of Global Payments in a research report on Tuesday, September 5th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. Global Payments has an average rating of Buy and a consensus target price of $106.15.

Shares of Global Payments (NYSE:GPN) traded down $0.01 during midday trading on Friday, hitting $100.36. The stock had a trading volume of 548,734 shares, compared to its average volume of 1,188,785. Global Payments has a twelve month low of $68.98 and a twelve month high of $104.90. The stock has a market capitalization of $15,973.12, a price-to-earnings ratio of 56.07, a price-to-earnings-growth ratio of 1.85 and a beta of 1.11. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.14 and a current ratio of 1.14.

Global Payments (NYSE:GPN) last announced its earnings results on Wednesday, November 8th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.12. Global Payments had a return on equity of 18.50% and a net margin of 7.14%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $917.31 million. During the same period in the previous year, the company earned $0.89 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. research analysts expect that Global Payments will post 3.81 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. The ex-dividend date is Thursday, December 14th. Global Payments’s dividend payout ratio (DPR) is presently 2.23%.

In other news, Director Alan M. Silberstein sold 600 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $101.55, for a total transaction of $60,930.00. Following the completion of the transaction, the director now directly owns 44,893 shares of the company’s stock, valued at $4,558,884.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert H. B. Baldwin, Jr. sold 26,000 shares of the company’s stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $99.82, for a total value of $2,595,320.00. The disclosure for this sale can be found here. Insiders have sold 29,600 shares of company stock valued at $2,954,042 over the last ninety days. Corporate insiders own 0.93% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. boosted its position in shares of Global Payments by 3.7% during the third quarter. Russell Investments Group Ltd. now owns 58,410 shares of the business services provider’s stock worth $5,551,000 after buying an additional 2,081 shares during the period. Westpac Banking Corp boosted its position in shares of Global Payments by 29.1% during the third quarter. Westpac Banking Corp now owns 17,628 shares of the business services provider’s stock worth $1,675,000 after buying an additional 3,973 shares during the period. Stifel Financial Corp boosted its position in shares of Global Payments by 29.5% during the third quarter. Stifel Financial Corp now owns 167,462 shares of the business services provider’s stock worth $15,922,000 after buying an additional 38,149 shares during the period. Capital Bank & Trust Co boosted its position in shares of Global Payments by 102.2% during the third quarter. Capital Bank & Trust Co now owns 393,153 shares of the business services provider’s stock worth $37,361,000 after buying an additional 198,713 shares during the period. Finally, Nationwide Fund Advisors boosted its position in shares of Global Payments by 0.7% during the third quarter. Nationwide Fund Advisors now owns 261,387 shares of the business services provider’s stock worth $24,840,000 after buying an additional 1,815 shares during the period. Institutional investors and hedge funds own 98.90% of the company’s stock.

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Global Payments Company Profile

Global Payments Inc is a provider of payment technology services. The Company provides payment and digital commerce solutions. The Company operates through three segments: North America, Europe and Asia-Pacific. The Company’s segments primarily provide payment solutions for credit cards, debit cards, electronic payments and check-related services.

Analyst Recommendations for Global Payments (NYSE:GPN)

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