Trading Report: Today, Global Payments Inc. (GPN) Receives “Buy” Rating from Deutsche Bank AG

Today, Global Payments Inc. (GPN) Receives “Buy” Rating from Deutsche Bank AG

Global Payments Inc. (NYSE:GPN)‘s stock had its “buy” rating reiterated by Deutsche Bank AG in a note issued to investors on Thursday. They presently have a $79.00 price objective on the stock, down from their previous price objective of $85.00. Deutsche Bank AG’s price objective would indicate a potential downside of 0.05% from the stock’s current price.

Several other brokerages also recently weighed in on GPN. Nomura boosted their target price on Global Payments from $64.00 to $66.00 in a research note on Friday, July 29th. Zacks Investment Research upgraded Global Payments from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a research note on Wednesday, June 29th. Barclays PLC dropped their target price on Global Payments from $78.00 to $73.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 7th. Wedbush reaffirmed an “outperform” rating and set a $85.00 price target on shares of Global Payments in a research report on Thursday, September 8th. Finally, Keefe, Bruyette & Woods lifted their price target on Global Payments from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, July 29th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the company’s stock. Global Payments presently has an average rating of “Buy” and a consensus price target of $77.75.

Global Payments (NYSE:GPN) traded down 0.59% on Thursday, reaching $78.57. The company’s stock had a trading volume of 664,690 shares. Global Payments has a 1-year low of $51.29 and a 1-year high of $79.93. The company has a market capitalization of $12.07 billion, a price-to-earnings ratio of 38.51 and a beta of 1.09. The firm’s 50 day moving average price is $75.71 and its 200-day moving average price is $73.87.

Global Payments (NYSE:GPN) last announced its quarterly earnings results on Wednesday, October 5th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.03. Global Payments had a return on equity of 27.99% and a net margin of 9.37%. The business had revenue of $939.50 million for the quarter. During the same quarter in the prior year, the business posted $0.79 earnings per share. The company’s revenue was up 52.2% compared to the same quarter last year. Equities analysts forecast that Global Payments will post $3.47 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 25th. Stockholders of record on Friday, November 11th will be given a $0.01 dividend. The ex-dividend date is Tuesday, November 8th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.05%. Global Payments’s dividend payout ratio (DPR) is presently 1.95%.

In related news, Director William I. Jacobs sold 6,360 shares of the stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $75.21, for a total value of $478,335.60. Following the completion of the transaction, the director now directly owns 44,716 shares in the company, valued at $3,363,090.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William I. Jacobs sold 600 shares of the stock in a transaction that occurred on Wednesday, July 13th. The stock was sold at an average price of $75.80, for a total value of $45,480.00. Following the completion of the transaction, the director now owns 44,716 shares of the company’s stock, valued at $3,389,472.80. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Independent Portfolio Consultants Inc. raised its position in shares of Global Payments by 0.4% in the third quarter. Independent Portfolio Consultants Inc. now owns 6,279 shares of the company’s stock valued at $482,000 after buying an additional 25 shares during the last quarter. Ranger Investment Management L.P. raised its position in shares of Global Payments by 0.4% in the second quarter. Ranger Investment Management L.P. now owns 17,030 shares of the company’s stock valued at $1,216,000 after buying an additional 60 shares during the last quarter. Commonwealth Equity Services Inc raised its position in shares of Global Payments by 3.2% in the second quarter. Commonwealth Equity Services Inc now owns 5,219 shares of the company’s stock valued at $373,000 after buying an additional 162 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Global Payments by 5.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 3,692 shares of the company’s stock valued at $264,000 after buying an additional 176 shares during the last quarter. Finally, M&T Bank Corp raised its position in shares of Global Payments by 1.8% in the second quarter. M&T Bank Corp now owns 13,560 shares of the company’s stock valued at $967,000 after buying an additional 235 shares during the last quarter. Institutional investors own 96.56% of the company’s stock.

Global Payments Company Profile

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