Research Analysts’ Weekly Ratings Updates for Global Payments (GPN)

Global Payments (NYSE: GPN) recently received a number of ratings updates from brokerages and research firms:

  • 5/10/2019 – Global Payments had its price target raised by analysts at Nomura from $94.00 to $105.00. They now have a “reduce” rating on the stock.
  • 5/7/2019 – Global Payments was upgraded by analysts at Susquehanna Bancshares Inc from a “neutral” rating to a “positive” rating. They now have a $170.00 price target on the stock, up previously from $130.00.
  • 5/7/2019 – Global Payments was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $163.00 price target on the stock. According to Zacks, “Global Payments first-quarter 2019 adjusted earnings of $1.34 per share beat the Zacks Consensus Estimate by 3.1% and improved 18.6% year over year. Results were driven by higher revenues, partly offset by increase in expenses. Global Payments’ shares have outperformed its industry in a year's time. Its strategic investments in future growth projects and successful refinancing of credit facilities bode well. Consistent top-line growth and accretive acquisitions are impressive. Investment in technology has enabled it to stay ahead of the rapidly changing payments industry. Its solid 2019 guidance is also impressive. The company’s operating cash flows have been increasing for the past many years. Nevertheless, it suffers from a rising debt level. Its earnings are also expected to face currency volatility, owing to its worldwide presence. A low return on equity makes the stock unattractive.”
  • 5/7/2019 – Global Payments had its price target raised by analysts at Morgan Stanley from $128.00 to $137.00. They now have an “equal weight” rating on the stock.
  • 5/6/2019 – Global Payments had its price target raised by analysts at JPMorgan Chase & Co. from $140.00 to $151.00. They now have an “overweight” rating on the stock.
  • 5/3/2019 – Global Payments had its price target raised by analysts at SunTrust Banks, Inc. to $175.00. They now have a “positive” rating on the stock.
  • 5/3/2019 – Global Payments had its price target raised by analysts at Cantor Fitzgerald from $143.00 to $163.00. They now have an “overweight” rating on the stock.
  • 4/30/2019 – Global Payments had its price target raised by analysts at KeyCorp from $135.00 to $155.00. They now have an “overweight” rating on the stock.
  • 4/22/2019 – Global Payments was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Global Payments’ shares have outperformed its industry in a year's time. Its strategic investments in future growth projects and successful refinancing of credit facilities bode well. Consistent top-line growth and accretive acquisitions are impressive. Investment in technology has enabled it to stay ahead of the rapidly changing payments industry. Its solid 2019 guidance also impresses. The company’s operating cash flows have been increasing for the past many years. Nevertheless, the company suffers from a rising debt level. Moreover, its earnings are also expected to face currency volatility, owing to its worldwide presence. A low return on equity makes the stock unattractive.”
  • 4/16/2019 – Global Payments was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Global Payments’ shares have outperformed its industry in six month's time. The company’s strategic investments in future growth projects and successful refinancing of credit facilities bode well. Consistent top-line growth and accretive acquisitions are impressive. Investment in technology has enabled it to stay ahead of the rapidly changing payments industry. Its solid 2019 guidance also impresses. The company’s operating cash flows have been increasing for the past many years. However, the company suffers from a rising debt level. Moreover, its earnings are also expected to face currency volatility, owing to its worldwide presence. A low return on equity makes the stock unattractive.”
  • 4/16/2019 – Global Payments had its price target raised by analysts at SunTrust Banks, Inc. to $155.00. They now have a “buy” rating on the stock.
  • 3/21/2019 – Global Payments was downgraded by analysts at Atlantic Securities from an “overweight” rating to a “neutral” rating. They now have a $133.36 price target on the stock.

NYSE:GPN traded down $1.59 on Friday, hitting $149.81. The stock had a trading volume of 844,749 shares, compared to its average volume of 1,159,406. The stock has a market capitalization of $23.30 billion, a price-to-earnings ratio of 28.87, a PEG ratio of 1.51 and a beta of 1.20. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.03 and a current ratio of 1.03. Global Payments Inc has a 52-week low of $94.81 and a 52-week high of $152.24.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Thursday, May 2nd. The business services provider reported $1.34 EPS for the quarter, topping the consensus estimate of $1.22 by $0.12. Global Payments had a return on equity of 19.83% and a net margin of 13.69%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the company earned $1.13 earnings per share. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. As a group, equities analysts forecast that Global Payments Inc will post 5.79 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend is Thursday, June 13th. Global Payments’s dividend payout ratio (DPR) is currently 0.77%.

In other news, CEO Jeffrey Steven Sloan sold 167,545 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $129.59, for a total value of $21,712,156.55. Following the transaction, the chief executive officer now owns 579,207 shares of the company’s stock, valued at $75,059,435.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Cameron M. Bready sold 34,308 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $131.33, for a total value of $4,505,669.64. Following the completion of the transaction, the insider now directly owns 138,520 shares in the company, valued at approximately $18,191,831.60. The disclosure for this sale can be found here. Insiders sold 211,079 shares of company stock worth $27,503,399 in the last ninety days. Corporate insiders own 0.88% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of GPN. Horizon Investments LLC bought a new stake in Global Payments during the 1st quarter valued at approximately $253,000. Equitable Trust Co. bought a new stake in Global Payments during the 1st quarter valued at approximately $278,000. BlueMountain Capital Management LLC bought a new stake in Global Payments during the 1st quarter valued at approximately $713,000. Covenant Partners LLC bought a new stake in Global Payments during the 1st quarter valued at approximately $344,000. Finally, Jane Street Group LLC raised its stake in Global Payments by 188.8% during the 1st quarter. Jane Street Group LLC now owns 7,654 shares of the business services provider’s stock valued at $1,045,000 after purchasing an additional 5,004 shares during the period. 99.81% of the stock is currently owned by hedge funds and other institutional investors.

Global Payments Inc provides payment technology and software solutions for card, electronic, check, and digital-based payments. The company operates in three segments: North America, Europe, and Asia-Pacific. It offers authorization services, settlement and funding services, customer support and help-desk functions, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and statements, and online reporting services.

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