Global Payments (NYSE:GPN) Price Target Lowered to $145.00 at Barclays

Global Payments (NYSE:GPN) had its price target cut by Barclays from $160.00 to $145.00 in a research report released on Thursday, Benzinga reports. They currently have an overweight rating on the business services provider’s stock.

Several other research analysts have also recently weighed in on GPN. BMO Capital Markets decreased their price objective on shares of Global Payments from $143.00 to $128.00 and set a market perform rating for the company in a report on Thursday. B. Riley raised their price target on Global Payments from $180.00 to $186.00 and gave the stock a buy rating in a research note on Monday, February 5th. Evercore ISI lowered their target price on Global Payments from $185.00 to $180.00 and set an outperform rating on the stock in a report on Thursday, February 15th. Royal Bank of Canada boosted their price target on Global Payments from $154.00 to $172.00 and gave the company an outperform rating in a research note on Thursday, February 15th. Finally, Robert W. Baird lowered their price objective on shares of Global Payments from $182.00 to $150.00 and set an outperform rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat.com, Global Payments has an average rating of Moderate Buy and an average target price of $150.00.

Global Payments Stock Performance

Shares of GPN opened at $111.37 on Thursday. Global Payments has a 12 month low of $95.12 and a 12 month high of $141.77. The business’s fifty day simple moving average is $127.50 and its two-hundred day simple moving average is $124.82. The company has a current ratio of 0.92, a quick ratio of 0.99 and a debt-to-equity ratio of 0.68. The company has a market cap of $28.43 billion, a price-to-earnings ratio of 22.10, a P/E/G ratio of 0.72 and a beta of 0.97.

Global Payments (NYSE:GPN) last released its quarterly earnings data on Wednesday, February 14th. The business services provider reported $2.65 EPS for the quarter, beating the consensus estimate of $2.64 by $0.01. Global Payments had a return on equity of 11.72% and a net margin of 13.40%. The company had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same period last year, the firm posted $2.30 earnings per share. Global Payments’s revenue was up 7.9% compared to the same quarter last year. Research analysts anticipate that Global Payments will post 10.95 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.00 annualized dividend and a yield of 0.90%. Global Payments’s payout ratio is 19.84%.

Institutional Trading of Global Payments

Several hedge funds have recently bought and sold shares of the stock. Global Retirement Partners LLC grew its position in shares of Global Payments by 18.8% during the first quarter. Global Retirement Partners LLC now owns 524 shares of the business services provider’s stock valued at $70,000 after purchasing an additional 83 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Global Payments by 1.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 4,752 shares of the business services provider’s stock valued at $635,000 after buying an additional 90 shares in the last quarter. Coldstream Capital Management Inc. increased its stake in Global Payments by 3.8% in the 3rd quarter. Coldstream Capital Management Inc. now owns 2,485 shares of the business services provider’s stock worth $287,000 after acquiring an additional 91 shares during the last quarter. Fulton Bank N.A. raised its holdings in shares of Global Payments by 1.7% during the 4th quarter. Fulton Bank N.A. now owns 5,409 shares of the business services provider’s stock worth $687,000 after acquiring an additional 93 shares in the last quarter. Finally, Fidelis Capital Partners LLC raised its holdings in shares of Global Payments by 5.1% during the 1st quarter. Fidelis Capital Partners LLC now owns 1,930 shares of the business services provider’s stock worth $258,000 after acquiring an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Global Payments Company Profile

Global Payments Inc provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through two segments, Merchant Solutions and Issuer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services.