Barclays Trims Global Payments (NYSE:GPN) Target Price to $160.00

Global Payments (NYSE:GPN) had its target price trimmed by Barclays from $170.00 to $160.00 in a report issued on Tuesday morning, Benzinga reports. The brokerage currently has an overweight rating on the business services provider’s stock.

GPN has been the subject of a number of other reports. UBS Group raised their price target on Global Payments from $130.00 to $145.00 and gave the stock a neutral rating in a report on Thursday, February 15th. BMO Capital Markets lowered their price target on Global Payments from $138.00 to $137.00 and set a market perform rating on the stock in a report on Thursday, February 15th. Mizuho reaffirmed a neutral rating and set a $129.00 price target on shares of Global Payments in a research note on Wednesday, March 27th. Robert W. Baird boosted their target price on Global Payments from $172.00 to $182.00 and gave the company an outperform rating in a research note on Monday, April 8th. Finally, KeyCorp raised their price target on Global Payments from $135.00 to $155.00 and gave the stock an overweight rating in a research report on Monday, January 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $151.92.

Global Payments Trading Up 0.2 %

Shares of Global Payments stock opened at $123.42 on Tuesday. The stock has a market capitalization of $31.48 billion, a P/E ratio of 32.65, a P/E/G ratio of 0.79 and a beta of 0.96. Global Payments has a 52-week low of $95.12 and a 52-week high of $141.77. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.99 and a current ratio of 0.99. The stock’s 50-day simple moving average is $131.18 and its 200 day simple moving average is $124.21.

Global Payments (NYSE:GPN) last posted its quarterly earnings results on Wednesday, February 14th. The business services provider reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $0.01. The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.18 billion. Global Payments had a net margin of 10.22% and a return on equity of 11.44%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.30 earnings per share. As a group, research analysts anticipate that Global Payments will post 10.94 EPS for the current year.

Global Payments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.81%. The ex-dividend date was Thursday, March 14th. Global Payments’s payout ratio is currently 26.46%.

Institutional Trading of Global Payments

Large investors have recently added to or reduced their stakes in the business. BluePath Capital Management LLC bought a new stake in shares of Global Payments during the 3rd quarter valued at $27,000. Clear Street Markets LLC purchased a new stake in Global Payments in the fourth quarter worth about $27,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Global Payments in the fourth quarter worth about $30,000. Garner Asset Management Corp purchased a new position in shares of Global Payments during the 4th quarter valued at about $35,000. Finally, McGlone Suttner Wealth Management Inc. bought a new position in shares of Global Payments during the 4th quarter valued at approximately $41,000. 89.76% of the stock is currently owned by institutional investors.

Global Payments Company Profile

Global Payments Inc provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through two segments, Merchant Solutions and Issuer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services.