Global Payments’ (GPN) “Buy” Rating Reiterated at SunTrust Banks, Inc.

SunTrust Banks, Inc. reissued their buy rating on shares of Global Payments Inc. (NYSE:GPN) in a research note published on Friday. They currently have a $120.00 target price on the business services provider’s stock.

Other analysts have also issued reports about the stock. Stifel Nicolaus restated a buy rating and set a $103.00 target price (up from $102.00) on shares of Global Payments in a research report on Friday, August 4th. Keefe, Bruyette & Woods restated a buy rating and set a $100.00 target price on shares of Global Payments in a research report on Thursday, August 3rd. Royal Bank Of Canada restated a buy rating and set a $103.00 target price on shares of Global Payments in a research report on Wednesday, September 6th. Robert W. Baird restated a buy rating and set a $106.00 target price on shares of Global Payments in a research report on Tuesday, September 5th. Finally, Cowen and Company restated a buy rating and set a $102.00 target price on shares of Global Payments in a research report on Friday, September 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-four have issued a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $104.56.

Global Payments (NYSE GPN) opened at $98.85 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.27. Global Payments has a twelve month low of $64.63 and a twelve month high of $104.83. The firm has a market cap of $15,731.23, a P/E ratio of 26.57, a PEG ratio of 1.81 and a beta of 1.14.

Global Payments (NYSE:GPN) last released its quarterly earnings data on Wednesday, November 8th. The business services provider reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.12. Global Payments had a net margin of 7.14% and a return on equity of 18.50%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $917.31 million. During the same period in the previous year, the company earned $0.89 earnings per share. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. analysts anticipate that Global Payments will post 3.75 EPS for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date of this dividend is Thursday, December 14th. Global Payments’s payout ratio is presently 2.23%.

In other news, Director Robert H. B. Baldwin, Jr. sold 5,600 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $94.58, for a total value of $529,648.00. Following the sale, the director now directly owns 178,177 shares in the company, valued at approximately $16,851,980.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alan M. Silberstein sold 600 shares of the firm’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $93.74, for a total transaction of $56,244.00. Following the completion of the sale, the director now owns 47,293 shares in the company, valued at $4,433,245.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 77,155 shares of company stock worth $7,478,710. 0.93% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Teachers Advisors LLC raised its position in shares of Global Payments by 5.8% in the 1st quarter. Teachers Advisors LLC now owns 177,074 shares of the business services provider’s stock valued at $14,286,000 after purchasing an additional 9,773 shares during the last quarter. Thrivent Financial For Lutherans raised its position in shares of Global Payments by 5.9% in the 1st quarter. Thrivent Financial For Lutherans now owns 5,590 shares of the business services provider’s stock valued at $451,000 after purchasing an additional 310 shares during the last quarter. HighTower Advisors LLC raised its position in shares of Global Payments by 7.8% in the 1st quarter. HighTower Advisors LLC now owns 5,371 shares of the business services provider’s stock valued at $434,000 after purchasing an additional 390 shares during the last quarter. Xact Kapitalforvaltning AB raised its position in shares of Global Payments by 0.3% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 11,990 shares of the business services provider’s stock valued at $1,083,000 after purchasing an additional 41 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in shares of Global Payments in the 2nd quarter valued at approximately $361,000. Institutional investors and hedge funds own 97.90% of the company’s stock.

About Global Payments

Global Payments Inc is a provider of payment technology services. The Company provides payment and digital commerce solutions. The Company operates through three segments: North America, Europe and Asia-Pacific. The Company’s segments primarily provide payment solutions for credit cards, debit cards, electronic payments and check-related services.

Analyst Recommendations for Global Payments (NYSE:GPN)

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