Global Payments Inc. (NYSE:GPN) – Investment analysts at First Analysis issued their Q1 2018 earnings per share estimates for shares of Global Payments in a research note issued on Friday. First Analysis analyst L. Berlin anticipates that the brokerage will post earnings per share of $1.00 for the quarter.
Other equities research analysts have also recently issued reports about the stock. Nomura upped their target price on shares of Global Payments from $64.00 to $66.00 in a report on Friday, July 29th. Zacks Investment Research raised shares of Global Payments from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a report on Wednesday, June 29th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Global Payments in a report on Monday, June 27th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $79.00 target price (up from $72.00) on shares of Global Payments in a report on Tuesday, July 12th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and set a $83.00 price target on shares of Global Payments in a report on Friday, July 29th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $77.92.
Shares of Global Payments (NYSE:GPN) opened at 76.01 on Monday. The firm has a market capitalization of $11.68 billion, a PE ratio of 39.12 and a beta of 1.09. Global Payments has a 12-month low of $51.29 and a 12-month high of $79.93. The company has a 50-day moving average price of $75.90 and a 200 day moving average price of $74.02.
Global Payments (NYSE:GPN) last posted its quarterly earnings data on Wednesday, October 5th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.03. Global Payments had a return on equity of 22.33% and a net margin of 8.74%. The company had revenue of $939.50 million for the quarter. During the same quarter in the previous year, the firm posted $0.79 earnings per share. The company’s quarterly revenue was up 52.2% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 25th. Investors of record on Friday, November 11th will be given a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $0.04 dividend on an annualized basis and a yield of 0.05%. Global Payments’s payout ratio is currently 2.06%.
In other Global Payments news, Director Robert H. B. Baldwin, Jr. sold 6,500 shares of the stock in a transaction dated Monday, July 18th. The shares were sold at an average price of $76.61, for a total value of $497,965.00. Following the completion of the transaction, the director now directly owns 362,063 shares of the company’s stock, valued at $27,737,646.43. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director William I. Jacobs sold 600 shares of the stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of $75.80, for a total transaction of $45,480.00. Following the completion of the transaction, the director now directly 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 currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. boosted its position in shares of Global Payments by 1.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,643,844 shares of the company’s stock worth $107,343,000 after buying an additional 15,831 shares during the period. Riverhead Capital Management LLC boosted its position in shares of Global Payments by 91.5% in the first quarter. Riverhead Capital Management LLC now owns 46,724 shares of the company’s stock worth $3,050,000 after buying an additional 22,324 shares during the period. AXA boosted its position in shares of Global Payments by 68.7% in the first quarter. AXA now owns 267,312 shares of the company’s stock worth $17,456,000 after buying an additional 108,876 shares during the period. Pictet Asset Management Ltd. boosted its position in shares of Global Payments by 18.4% in the first quarter. Pictet Asset Management Ltd. now owns 498,150 shares of the company’s stock worth $30,362,000 after buying an additional 77,250 shares during the period. Finally, Quadrature Capital Ltd bought a new position in shares of Global Payments during the first quarter worth about $2,603,000. 96.56% of the stock is owned by institutional investors.
Global Payments Company Profile
Global Payments Inc is a provider of payment technology services. The Company provides payment and digital commerce solutions. The Company operates in two segments: North America merchant services and International merchant services. The Company’s North America merchant services and International merchant services segments primarily provide payment solutions for credit cards, debit cards, electronic payments and check-related services.
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