Media stories about Global Payments (NYSE:GPN) have trended somewhat negative this week, InfoTrie Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Global Payments earned a news sentiment score of -1.00 on their scale. InfoTrie also gave media headlines about the business services provider an news buzz score of 0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company’s share price in the near future.
These are some of the headlines that may have effected Global Payments’ analysis:
- Has Global Payments (GPN) Outpaced Other Business Services Stocks This Year? (nasdaq.com)
- Global Payments (NYSE:GPN) Given New $218.00 Price Target at Wedbush (americanbankingnews.com)
- Global Payments (NYSE:GPN) Earns Media Impact Score of -1.00 (americanbankingnews.com)
- Global Payments (GPN) Dips More Than Broader Markets: What You Should Know (finance.yahoo.com)
- Nasdaq Boosts Trade Surveillance With Data Discovery Tool (finance.yahoo.com)
Several analysts have commented on the stock. BMO Capital Markets lifted their target price on shares of Global Payments from $162.00 to $186.00 and gave the stock a “market perform” rating in a research note on Monday, November 4th. They noted that the move was a valuation call. Goldman Sachs Group reissued a “buy” rating and set a $212.00 price target on shares of Global Payments in a research note on Tuesday, September 24th. Raymond James upgraded Global Payments from a “market perform” rating to an “outperform” rating and set a $210.00 price objective on the stock in a report on Monday, January 6th. JPMorgan Chase & Co. set a $203.00 price objective on Global Payments and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Wedbush upped their target price on Global Payments from $185.00 to $218.00 and gave the company an “outperform” rating in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-three have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $182.40.
Global Payments stock opened at $193.30 on Tuesday. The stock’s 50-day moving average is $182.02 and its 200-day moving average is $168.80. The company has a market cap of $57.24 billion, a price-to-earnings ratio of 37.24, a price-to-earnings-growth ratio of 1.45 and a beta of 0.95. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.17. Global Payments has a 12 month low of $109.52 and a 12 month high of $193.52.
Global Payments (NYSE:GPN) last released its quarterly earnings data on Thursday, October 31st. The business services provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.03. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.16 billion. Global Payments had a return on equity of 9.05% and a net margin of 10.59%. The company’s revenue was up 27.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.44 EPS. Research analysts anticipate that Global Payments will post 5.82 EPS for the current year.
The firm also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a $0.195 dividend. This is a positive change from Global Payments’s previous dividend of $0.01. The ex-dividend date was Thursday, December 12th. Global Payments’s dividend payout ratio (DPR) is presently 15.03%.
In other news, Director William I. Jacobs sold 600 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $173.37, for a total value of $104,022.00. Following the transaction, the director now owns 27,788 shares of the company’s stock, valued at approximately $4,817,605.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Joia M. Johnson bought 575 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was acquired at an average cost of $169.35 per share, for a total transaction of $97,376.25. Following the purchase, the director now owns 1,787 shares in the company, valued at approximately $302,628.45. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 9,077 shares of company stock worth $1,544,237. 0.88% of the stock is currently owned by corporate insiders.
About Global Payments
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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