Global Payments (NYSE:GPN) Stock Rating Lowered by StockNews.com

Global Payments (NYSE:GPNGet Free Report) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

Several other equities research analysts also recently commented on the company. BMO Capital Markets dropped their target price on Global Payments from $143.00 to $128.00 and set a “market perform” rating on the stock in a report on Thursday, May 2nd. Royal Bank of Canada raised their target price on Global Payments from $154.00 to $172.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Susquehanna dropped their target price on Global Payments from $160.00 to $157.00 and set a “positive” rating on the stock in a report on Thursday, May 2nd. Monness Crespi & Hardt dropped their target price on Global Payments from $175.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. Finally, Keefe, Bruyette & Woods dropped their target price on Global Payments from $158.00 to $150.00 and set an “outperform” rating on the stock in a report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have given a buy rating to the company’s stock. According to MarketBeat.com, Global Payments presently has an average rating of “Moderate Buy” and an average price target of $149.11.

Get Our Latest Report on Global Payments

Global Payments Stock Down 1.0 %

Global Payments stock opened at $106.31 on Tuesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market capitalization of $27.14 billion, a price-to-earnings ratio of 21.09, a price-to-earnings-growth ratio of 0.68 and a beta of 0.97. Global Payments has a fifty-two week low of $95.12 and a fifty-two week high of $141.77. The stock’s fifty day moving average is $121.97 and its two-hundred day moving average is $124.79.

Global Payments (NYSE:GPNGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The business services provider reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.41 by $0.07. Global Payments had a return on equity of 11.72% and a net margin of 13.40%. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.17 billion. Analysts predict that Global Payments will post 11.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other Global Payments news, VP Andrea M. Carter sold 3,300 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $111.34, for a total value of $367,422.00. Following the completion of the sale, the vice president now owns 25,209 shares of the company’s stock, valued at $2,806,770.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.98% of the company’s stock.

Hedge Funds Weigh In On Global Payments

Several large investors have recently made changes to their positions in the business. Global Retirement Partners LLC raised its holdings in Global Payments by 18.8% in the 1st quarter. Global Retirement Partners LLC now owns 524 shares of the business services provider’s stock valued at $70,000 after acquiring an additional 83 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Global Payments by 1.9% in 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 acquiring an additional 90 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings 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 valued at $287,000 after acquiring an additional 91 shares in the last quarter. Fulton Bank N.A. raised its holdings in Global Payments by 1.7% in the 4th quarter. Fulton Bank N.A. now owns 5,409 shares of the business services provider’s stock valued at $687,000 after acquiring an additional 93 shares in the last quarter. Finally, Fidelis Capital Partners LLC raised its holdings in Global Payments by 5.1% in the 1st quarter. Fidelis Capital Partners LLC now owns 1,930 shares of the business services provider’s stock valued at $258,000 after acquiring an additional 93 shares in the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

About Global Payments

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Global Payments (NYSE:GPN)

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