Global Payments (NYSE:GPN) PT Lowered to $145.00

Global Payments (NYSE:GPN) had its price objective decreased by equities researchers at Barclays from $160.00 to $145.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the business services provider’s stock. Barclays‘s price target would suggest a potential upside of 31.95% from the company’s previous close.

A number of other research analysts have also recently commented on GPN. UBS Group upped their target price on shares of Global Payments from $130.00 to $145.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Susquehanna decreased their price objective on shares of Global Payments from $160.00 to $157.00 and set a “positive” rating on the stock in a report on Thursday. Royal Bank of Canada lifted their target price on shares of Global Payments from $154.00 to $172.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. JPMorgan Chase & Co. upped their price target on Global Payments from $145.00 to $159.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Finally, Wedbush lifted their price objective on Global Payments from $130.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, January 10th. One 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. Based on data from MarketBeat, Global Payments currently has an average rating of “Moderate Buy” and a consensus target price of $150.04.

Global Payments Trading Up 0.8 %

Shares of NYSE GPN traded up $0.83 during midday trading on Thursday, reaching $109.89. 2,610,466 shares of the stock were exchanged, compared to its average volume of 2,252,016. The stock has a market capitalization of $28.03 billion, a P/E ratio of 28.95, a PEG ratio of 0.79 and a beta of 0.97. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.99 and a current ratio of 0.99. The company has a 50 day simple moving average of $128.37 and a 200 day simple moving average of $124.82. Global Payments has a twelve month low of $95.12 and a twelve month high of $141.77.

Global Payments (NYSE:GPN) last issued its quarterly earnings data on Wednesday, February 14th. The business services provider reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.64 by $0.01. Global Payments had a return on equity of 11.44% and a net margin of 10.22%. The company had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period in the prior year, the business posted $2.30 earnings per share. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, equities analysts expect that Global Payments will post 10.94 earnings per share for the current year.

Institutional Trading of Global Payments

Large investors have recently bought and sold shares of the business. FinTrust Capital Advisors LLC boosted its stake in shares of Global Payments by 2,311.0% during the first quarter. FinTrust Capital Advisors LLC now owns 4,605 shares of the business services provider’s stock worth $616,000 after buying an additional 4,414 shares during the period. Daiwa Securities Group Inc. lifted its position in Global Payments by 8.3% during the 1st quarter. Daiwa Securities Group Inc. now owns 28,618 shares of the business services provider’s stock worth $3,825,000 after acquiring an additional 2,193 shares during the period. Bryn Mawr Capital Management LLC grew its stake in shares of Global Payments by 2.0% in the 1st quarter. Bryn Mawr Capital Management LLC now owns 53,518 shares of the business services provider’s stock valued at $7,153,000 after purchasing an additional 1,034 shares during the last quarter. Fidelis Capital Partners LLC increased its holdings in shares of Global Payments by 5.1% in the first quarter. Fidelis Capital Partners LLC now owns 1,930 shares of the business services provider’s stock valued at $258,000 after purchasing an additional 93 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Global Payments by 6.2% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,670 shares of the business services provider’s stock worth $892,000 after purchasing an additional 389 shares during the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

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.