Global Payments (NYSE:GPN) updated its FY18 earnings guidance on Thursday. The company provided EPS guidance of $4.95-5.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.82. The company issued revenue guidance of $3.88-3.97 billion, compared to the consensus revenue estimate of $4.00 billion.
A number of analysts have recently commented on the company. Nomura boosted their price objective on Global Payments from $85.00 to $92.00 and gave the stock a reduce rating in a research note on Tuesday. Oppenheimer boosted their price objective on Global Payments from $21.00 to $23.00 and gave the stock an outperform rating in a research note on Friday, January 19th. Keefe, Bruyette & Woods reissued a buy rating and issued a $113.00 price objective on shares of Global Payments in a research note on Friday, November 17th. Credit Suisse Group reissued an outperform rating and issued a $108.00 price objective (up previously from $100.00) on shares of Global Payments in a research note on Thursday, November 9th. They noted that the move was a valuation call. Finally, Morgan Stanley boosted their price objective on Global Payments from $106.00 to $110.00 and gave the stock an equal weight rating in a research note on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-two have issued a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $105.51.
Shares of Global Payments (GPN) opened at $105.00 on Thursday. The stock has a market capitalization of $17,004.37, a PE ratio of 60.10, a PEG ratio of 1.59 and a beta of 1.14. Global Payments has a 52 week low of $76.47 and a 52 week high of $113.26. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.14 and a current ratio of 1.14.
In other news, Director William I. Jacobs sold 600 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $100.43, for a total transaction of $60,258.00. Following the completion of the sale, the director now owns 38,275 shares in the company, valued at approximately $3,843,958.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have sold 3,600 shares of company stock valued at $370,602. 0.93% of the stock is currently owned by corporate insiders.
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.
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