Global Payments (NYSE:GPN) PT Lowered to $150.00 at Keefe, Bruyette & Woods

Global Payments (NYSE:GPN) had its target price decreased by stock analysts at Keefe, Bruyette & Woods from $158.00 to $150.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the business services provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 37.72% from the company’s current price.

GPN has been the subject of several other reports. Robert W. Baird lowered their price objective on shares of Global Payments from $182.00 to $150.00 and set an “outperform” rating for the company in a research note on Thursday. Susquehanna decreased their price target on shares of Global Payments from $160.00 to $157.00 and set a “positive” rating for the company in a research note on Thursday. Barclays decreased their price target on shares of Global Payments from $170.00 to $160.00 and set an “overweight” rating for the company in a research note on Tuesday, April 16th. BMO Capital Markets decreased their price target on shares of Global Payments from $138.00 to $137.00 and set a “market perform” rating for the company in a research note on Thursday, February 15th. Finally, KeyCorp increased their price target on shares of Global Payments from $135.00 to $155.00 and gave the stock an “overweight” rating in a research note on Monday, January 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $150.56.

Global Payments Trading Down 0.1 %

Global Payments stock traded down $0.14 during mid-day trading on Thursday, hitting $108.92. The company’s stock had a trading volume of 1,162,039 shares, compared to its average volume of 2,228,918. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market cap of $27.78 billion, a price-to-earnings ratio of 28.78, a price-to-earnings-growth ratio of 0.79 and a beta of 0.97. The business has a 50 day moving average price of $128.37 and a 200-day moving average price of $124.82. Global Payments has a 12 month low of $95.12 and a 12 month high of $141.77.

Global Payments (NYSE:GPN) last posted its quarterly earnings results 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. The business had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.18 billion. Global Payments had a net margin of 10.22% and a return on equity of 11.44%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.30 earnings per share. As a group, analysts forecast that Global Payments will post 10.94 EPS for the current year.

Institutional Investors Weigh In On Global Payments

A number of large investors have recently added to or reduced their stakes in GPN. Global Retirement Partners LLC lifted its stake in shares of Global Payments by 18.8% during the 1st quarter. Global Retirement Partners LLC now owns 524 shares of the business services provider’s stock valued at $70,000 after buying an additional 83 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of 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 worth $635,000 after buying an additional 90 shares during the last quarter. Coldstream Capital Management Inc. increased its holdings in shares of 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 buying an additional 91 shares during the last quarter. Fulton Bank N.A. increased its holdings in shares of 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 worth $687,000 after buying an additional 93 shares during the last quarter. Finally, Fidelis Capital Partners LLC increased its holdings in shares of 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 worth $258,000 after buying an additional 93 shares during the last quarter. Institutional investors 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.