Global Payments Inc. (NYSE:GPN) – William Blair increased their Q2 2017 earnings per share estimates for Global Payments in a research report issued to clients and investors on Wednesday. William Blair analyst R. Napoli now anticipates that the brokerage will post earnings of $0.81 per share for the quarter, up from their previous estimate of $0.79. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Global Payments’ Q3 2017 earnings at $0.80 EPS and FY2017 earnings at $3.33 EPS.
Global Payments (NYSE:GPN) last released its quarterly earnings data on Wednesday, October 5th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. The firm had revenue of $939.50 million for the quarter. Global Payments had a net margin of 8.74% and a return on equity of 22.33%. The firm’s quarterly revenue was up 52.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.79 EPS.
GPN has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Global Payments from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a research note on Wednesday, June 29th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $83.00 price objective on shares of Global Payments in a report on Friday, July 29th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $85.00 price objective on shares of Global Payments in a report on Wednesday, September 28th. Robert W. Baird reaffirmed an “outperform” rating and issued a $85.00 price objective on shares of Global Payments in a report on Tuesday, September 6th. Finally, Stifel Nicolaus increased their price objective on shares of Global Payments from $75.00 to $76.00 and gave the stock a “hold” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $77.92.
Shares of Global Payments (NYSE:GPN) opened at 76.01 on Monday. The stock has a market cap of $11.68 billion, a P/E ratio of 39.12 and a beta of 1.09. The company’s 50-day moving average is $75.90 and its 200-day moving average is $74.02. Global Payments has a 12-month low of $51.29 and a 12-month high of $79.93.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 25th. Investors of record on Friday, November 11th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.05%. The ex-dividend date is Tuesday, November 8th. Global Payments’s dividend payout ratio (DPR) is currently 2.06%.
In related news, Director William I. Jacobs sold 600 shares of the business’s stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $73.62, for a total transaction of $44,172.00. Following the transaction, the director now owns 43,516 shares of the company’s stock, valued at $3,203,647.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert H. B. Baldwin, Jr. sold 6,500 shares of the business’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of $74.73, for a total transaction of $485,745.00. Following the transaction, the director now directly owns 349,063 shares in the company, valued at approximately $26,085,477.99. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the company. Aperio Group LLC raised its position in shares of Global Payments by 47.1% in the first quarter. Aperio Group LLC now owns 23,446 shares of the company’s stock worth $1,531,000 after buying an additional 7,507 shares during the period. BlackRock Group LTD raised its position in shares of Global Payments by 2.0% in the first quarter. BlackRock Group LTD now owns 515,022 shares of the company’s stock worth $33,630,000 after buying an additional 10,310 shares during the period. Palisade Capital Management LLC NJ bought a new position in shares of Global Payments during the first quarter worth about $7,167,000. Credit Agricole S A raised its position in shares of Global Payments by 20.4% in the first quarter. Credit Agricole S A now owns 58,710 shares of the company’s stock worth $3,833,000 after buying an additional 9,959 shares during the period. Finally, BB&T Securities LLC raised its position in shares of Global Payments by 10.1% in the first quarter. BB&T Securities LLC now owns 6,160 shares of the company’s stock worth $402,000 after buying an additional 567 shares during the period. 96.56% of the stock is currently owned by institutional investors and hedge funds.
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