Global Payments (NYSE:GPN) PT Lowered to $155.00 at Citigroup

Global Payments (NYSE:GPN) had its price target dropped by research analysts at Citigroup from $163.00 to $155.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. Citigroup’s price target would indicate a potential upside of 39.21% from the stock’s previous close.

GPN has been the subject of several other reports. TD Cowen decreased their target price on shares of Global Payments from $160.00 to $152.00 and set a “buy” rating for the company in a research report on Thursday. Evercore ISI lowered their price target on Global Payments from $185.00 to $180.00 and set an “outperform” rating for the company in a research report on Thursday, February 15th. Royal Bank of Canada upped their target price on shares of Global Payments from $154.00 to $172.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Wedbush increased their target price on shares of Global Payments from $130.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 10th. Finally, StockNews.com cut shares of Global Payments from a “buy” rating to a “hold” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat.com, Global Payments presently has a consensus rating of “Moderate Buy” and an average target price of $150.00.

Global Payments Trading Up 0.7 %

NYSE GPN opened at $111.34 on Thursday. The company has a quick ratio of 0.99, a current ratio of 0.92 and a debt-to-equity ratio of 0.68. Global Payments has a 52 week low of $95.12 and a 52 week high of $141.77. The business has a 50 day moving average price of $127.93 and a 200-day moving average price of $124.72. The company has a market cap of $28.40 billion, a price-to-earnings ratio of 22.09, a P/E/G ratio of 0.70 and a beta of 0.97.

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. Global Payments had a net margin of 13.40% and a return on equity of 11.72%. The business had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter last year, the firm posted $2.30 EPS. Global Payments’s revenue was up 7.9% compared to the same quarter last year. As a group, equities analysts expect that Global Payments will post 10.94 earnings per share for the current fiscal year.

Institutional Trading of Global Payments

A number of institutional investors have recently modified their holdings of GPN. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Global Payments by 70.4% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 564 shares of the business services provider’s stock worth $72,000 after purchasing an additional 233 shares during the period. Waverly Advisors LLC boosted its position in shares of Global Payments by 60.5% in the third quarter. Waverly Advisors LLC now owns 19,593 shares of the business services provider’s stock valued at $2,261,000 after acquiring an additional 7,387 shares during the period. Shaker Investments LLC OH purchased a new position in Global Payments during the fourth quarter valued at approximately $1,815,000. AFS Financial Group LLC bought a new stake in Global Payments during the 4th quarter worth approximately $202,000. Finally, Sigma Investment Counselors Inc. lifted its stake in Global Payments by 1.4% in the 4th quarter. Sigma Investment Counselors Inc. now owns 19,519 shares of the business services provider’s stock worth $2,479,000 after purchasing an additional 275 shares in the last quarter. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

About Global Payments

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.