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

Global Payments (NYSE:GPN) had its price target decreased by Barclays from $160.00 to $145.00 in a research report released on Thursday, Benzinga reports. Barclays currently has an overweight rating on the business services provider’s stock.

A number of other analysts have also issued reports on the company. B. Riley lifted their target price on Global Payments from $180.00 to $186.00 and gave the stock a buy rating in a research report on Monday, February 5th. Robert W. Baird lowered their price objective on Global Payments from $182.00 to $150.00 and set an outperform rating for the company in a report on Thursday. Keefe, Bruyette & Woods lowered their price objective on Global Payments from $158.00 to $150.00 and set an outperform rating for the company in a report on Thursday. JPMorgan Chase & Co. boosted their price objective on Global Payments from $145.00 to $159.00 and gave the company a neutral rating in a report on Thursday, February 15th. Finally, BMO Capital Markets lowered their price objective on Global Payments from $143.00 to $128.00 and set a market perform rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. According to MarketBeat.com, Global Payments presently has an average rating of Moderate Buy and a consensus price target of $150.00.

Global Payments Stock Up 0.8 %

Shares of NYSE GPN traded up $0.83 during midday trading on Thursday, reaching $111.37. 3,191,218 shares of the company’s stock were exchanged, compared to its average volume of 2,029,470. Global Payments has a 52-week low of $95.12 and a 52-week high of $141.77. The stock has a market capitalization of $28.43 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 0.72 and a beta of 0.97. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.99 and a current ratio of 0.92. The business’s fifty day moving average price is $127.50 and its two-hundred day moving average price is $124.69.

Global Payments (NYSE:GPN) last announced its earnings results on Wednesday, February 14th. The business services provider reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.64 by $0.01. Global Payments had a return on equity of 11.72% and a net margin of 13.40%. The business had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period in the previous year, the company earned $2.30 earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. Analysts forecast that Global Payments will post 10.95 EPS for the current year.

Global Payments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.00 annualized dividend and a dividend yield of 0.90%. Global Payments’s dividend payout ratio is presently 19.84%.

Hedge Funds Weigh In On Global Payments

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Global Retirement Partners LLC lifted its position in Global Payments by 18.8% in the first quarter. Global Retirement Partners LLC now owns 524 shares of the business services provider’s stock worth $70,000 after purchasing an additional 83 shares during the period. Assenagon Asset Management S.A. lifted its position in Global Payments by 1.9% in the first quarter. Assenagon Asset Management S.A. now owns 4,752 shares of the business services provider’s stock worth $635,000 after purchasing an additional 90 shares during the period. Coldstream Capital Management Inc. lifted its position in Global Payments by 3.8% in the third quarter. Coldstream Capital Management Inc. now owns 2,485 shares of the business services provider’s stock worth $287,000 after purchasing an additional 91 shares during the period. Fulton Bank N.A. lifted its position in Global Payments by 1.7% in the fourth quarter. Fulton Bank N.A. now owns 5,409 shares of the business services provider’s stock worth $687,000 after purchasing an additional 93 shares during the period. Finally, Fidelis Capital Partners LLC lifted its position in 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 worth $258,000 after purchasing an additional 93 shares during the period. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Global Payments Company Profile

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.