Global Payments (NYSE:GPN) Given New $222.00 Price Target at Robert W. Baird

Global Payments (NYSE:GPN) had its target price upped by Robert W. Baird from $212.00 to $222.00 in a research note issued to investors on Monday morning, BenzingaRatingsTable reports. Robert W. Baird currently has an outperform rating on the business services provider’s stock.

A number of other equities analysts have also commented on GPN. Deutsche Bank raised their price target on Global Payments from $182.00 to $230.00 and gave the stock a buy rating in a report on Monday, January 27th. ValuEngine upgraded Global Payments from a sell rating to a hold rating in a research note on Wednesday, January 15th. Zacks Investment Research lowered Global Payments from a buy rating to a hold rating and set a $195.00 price objective on the stock. in a research note on Thursday, January 2nd. JPMorgan Chase & Co. set a $203.00 price objective on Global Payments and gave the stock a buy rating in a report on Friday, November 1st. Finally, William Blair restated an outperform rating on shares of Global Payments in a research note on Thursday, October 17th. One 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. The company has a consensus rating of Buy and an average price target of $205.53.

Shares of GPN stock traded up $3.64 during trading on Monday, reaching $206.37. 1,608,297 shares of the company’s stock traded hands, compared to its average volume of 1,525,887. The company has a market capitalization of $61.50 billion, a P/E ratio of 82.88, a PEG 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. The firm’s 50-day moving average is $194.12 and its 200 day moving average is $174.32. 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 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.11. Global Payments had a net margin of 10.59% and a return on equity of 9.05%. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same period in the previous year, the business earned $1.33 EPS. Global Payments’s revenue was up 125.7% compared to the same quarter last year. As a group, sell-side analysts predict that Global Payments will post 5.83 earnings per share for the current fiscal year.

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

In related news, Director Joia M. Johnson purchased 560 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was acquired at an average price of $178.45 per share, with a total value of $99,932.00. Following the purchase, the director now directly owns 2,347 shares in the company, valued at $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 business’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $193.70, for a total transaction of $116,220.00. Following the completion of the transaction, the director now directly 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. Company insiders own 0.88% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of GPN. First Financial Corp IN purchased a new stake in Global Payments during the third quarter valued at about $27,000. Tarbox Family Office Inc. boosted its holdings in shares of Global Payments by 130.7% in the 3rd quarter. Tarbox Family Office Inc. now owns 173 shares of the business services provider’s stock worth $28,000 after purchasing an additional 98 shares in the last quarter. Virtus ETF Advisers LLC purchased a new position in shares of Global Payments in the 4th quarter worth about $29,000. Evoke Wealth LLC purchased a new position in shares of Global Payments in the 3rd quarter worth about $30,000. Finally, Resources Management Corp CT ADV bought a new position in shares of Global Payments during the 3rd quarter valued at about $32,000. 87.83% of the stock is owned by institutional investors.

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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