Global Payments Inc. (NYSE:GPN) Receives $137.41 Consensus Price Target from Analysts

Global Payments Inc. (NYSE:GPN) has been given a consensus recommendation of “Moderate Buy” by the twenty-seven ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and sixteen have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $137.41.

Several brokerages have recently weighed in on GPN. Sanford C. Bernstein lowered Global Payments from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $135.00 to $112.00 in a report on Tuesday, October 22nd. KeyCorp cut their price target on shares of Global Payments from $145.00 to $135.00 and set an “overweight” rating for the company in a report on Wednesday, September 25th. The Goldman Sachs Group lifted their price objective on shares of Global Payments from $135.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Jefferies Financial Group cut their target price on shares of Global Payments from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Finally, Monness Crespi & Hardt decreased their price target on shares of Global Payments from $165.00 to $155.00 and set a “buy” rating on the stock in a research report on Wednesday, September 25th.

Institutional Investors Weigh In On Global Payments

Several large investors have recently made changes to their positions in GPN. Pzena Investment Management LLC lifted its stake in Global Payments by 3.4% in the third quarter. Pzena Investment Management LLC now owns 6,638,862 shares of the business services provider’s stock valued at $679,952,000 after acquiring an additional 215,399 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Global Payments by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,928,445 shares of the business services provider’s stock valued at $605,078,000 after purchasing an additional 31,934 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Global Payments by 1.5% in the 3rd quarter. Franklin Resources Inc. now owns 5,499,729 shares of the business services provider’s stock valued at $564,437,000 after purchasing an additional 83,481 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Global Payments by 22.7% in the third quarter. Janus Henderson Group PLC now owns 2,646,854 shares of the business services provider’s stock worth $271,090,000 after purchasing an additional 490,411 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Global Payments by 65.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,982,496 shares of the business services provider’s stock worth $203,047,000 after buying an additional 785,539 shares during the last quarter. Institutional investors own 89.76% of the company’s stock.

Global Payments Trading Down 1.1 %

Shares of NYSE:GPN opened at $114.24 on Wednesday. Global Payments has a twelve month low of $91.60 and a twelve month high of $141.77. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65. The firm has a market cap of $29.07 billion, a P/E ratio of 21.80, a P/E/G ratio of 0.90 and a beta of 1.00. The company has a 50 day moving average of $109.44 and a 200-day moving average of $104.45.

Global Payments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.00 dividend on an annualized basis and a yield of 0.88%. Global Payments’s payout ratio is 18.83%.

About Global Payments

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.