Global Payments (GPN) PT Raised to $140.00
Global Payments (NYSE:GPN) had its price target hoisted by Deutsche Bank to $140.00 in a report published on Friday, The Fly reports. They currently have a buy rating on the business services provider’s stock.
GPN has been the subject of a number of other research reports. Zacks Investment Research cut Global Payments from a hold rating to a sell rating in a report on Monday, July 23rd. Morgan Stanley upped their target price on Global Payments from $119.00 to $124.00 and gave the stock a $117.08 rating in a report on Thursday, July 19th. Buckingham Research upped their target price on Global Payments from $120.00 to $135.00 and gave the stock a buy rating in a report on Friday, August 3rd. Wolfe Research started coverage on Global Payments in a report on Tuesday, July 17th. They issued an outperform rating for the company. Finally, Robert W. Baird reaffirmed a buy rating and issued a $136.00 target price on shares of Global Payments in a report on Friday, July 20th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and twenty-two have issued a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $118.84.
Global Payments stock opened at $126.97 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.06. Global Payments has a 52 week low of $92.97 and a 52 week high of $129.25. The firm has a market cap of $20.24 billion, a PE ratio of 31.75, a price-to-earnings-growth ratio of 1.51 and a beta of 1.20.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be given a $0.01 dividend. The ex-dividend date is Thursday, September 13th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. Global Payments’s dividend payout ratio (DPR) is presently 1.00%.
In related news, Director Robert H. B. Baldwin, Jr. sold 4,125 shares of the company’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $128.76, for a total transaction of $531,135.00. Following the sale, the director now owns 83,024 shares in the company, valued at approximately $10,690,170.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert H. B. Baldwin, Jr. sold 3,000 shares of the company’s stock in a transaction dated Monday, July 16th. The shares were sold at an average price of $117.34, for a total value of $352,020.00. Following the sale, the director now owns 90,149 shares in the company, valued at approximately $10,578,083.66. The disclosure for this sale can be found here. Insiders sold a total of 93,430 shares of company stock worth $11,833,594 in the last quarter. Corporate insiders own 0.98% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Fort L.P. bought a new stake in shares of Global Payments during the 2nd quarter valued at about $118,000. Signet Financial Management LLC bought a new stake in shares of Global Payments during the 2nd quarter valued at about $134,000. Point72 Asia Hong Kong Ltd boosted its position in shares of Global Payments by 8,133.3% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 1,235 shares of the business services provider’s stock valued at $138,000 after purchasing an additional 1,220 shares in the last quarter. Piedmont Investment Advisors LLC bought a new stake in shares of Global Payments during the 2nd quarter valued at about $201,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of Global Payments during the 1st quarter valued at about $202,000. Institutional investors own 96.33% of the company’s stock.
Global Payments Company Profile
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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