Global Payments (NYSE:GPN) had its price objective raised by Robert W. Baird from $174.00 to $182.00 in a research note published on Tuesday, The Fly reports. Robert W. Baird currently has an outperform rating on the business services provider’s stock.

GPN has been the subject of several other reports. Oppenheimer lifted their target price on shares of Global Payments from $152.00 to $161.00 and gave the company an outperform rating in a report on Wednesday, May 29th. Guggenheim reiterated a hold rating on shares of Burlington Stores in a report on Thursday, May 30th. SunTrust Banks lifted their target price on shares of Paylocity to $108.00 and gave the company a positive rating in a report on Friday, May 3rd. Atlantic Securities lowered shares of Biogen from an overweight rating to a neutral rating in a report on Thursday, March 21st. Finally, JPMorgan Chase & Co. reiterated an overweight rating and set a $72.00 target price (up from $70.00) on shares of First Solar in a report on Monday, May 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $147.97.

Shares of GPN opened at $164.22 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.25. Global Payments has a one year low of $94.81 and a one year high of $166.13. The business has a 50-day moving average of $158.61. The stock has a market capitalization of $25.80 billion, a price-to-earnings ratio of 31.64, a PEG ratio of 1.66 and a beta of 1.03.

Global Payments (NYSE:GPN) last issued its quarterly earnings data on Thursday, May 2nd. The business services provider reported $1.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.12. Global Payments had a net margin of 13.69% and a return on equity of 19.83%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the business posted $1.13 earnings per share. Global Payments’s quarterly revenue was up 12.8% compared to the same quarter last year. Analysts anticipate that Global Payments will post 5.81 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date of this dividend was Thursday, June 13th. Global Payments’s dividend payout ratio (DPR) is presently 0.77%.

In other Global Payments news, Director Robert H. B. Baldwin, Jr. sold 4,250 shares of Global Payments stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $146.36, for a total value of $622,030.00. Following the completion of the sale, the director now owns 48,382 shares of the company’s stock, valued at approximately $7,081,189.52. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Alan M. Silberstein sold 700 shares of Global Payments stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $157.95, for a total transaction of $110,565.00. Following the completion of the sale, the director now directly owns 40,163 shares of the company’s stock, valued at approximately $6,343,745.85. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,650 shares of company stock valued at $829,867. 0.88% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of GPN. Lunia Capital LP bought a new stake in Global Payments in the 4th quarter worth approximately $18,742,000. Norges Bank bought a new stake in Global Payments in the 4th quarter worth approximately $131,343,000. Coho Partners Ltd. bought a new stake in Global Payments in the 1st quarter worth approximately $118,168,000. Swedbank bought a new stake in Global Payments in the 2nd quarter worth approximately $101,586,000. Finally, Shellback Capital LP bought a new stake in Global Payments in the 4th quarter worth approximately $36,197,000. 97.44% of the stock is owned by institutional investors and hedge funds.

Global Payments Company Profile

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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The Fly

Analyst Recommendations for Global Payments (NYSE:GPN)

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