Global Payments Inc. (NYSE:GPN) Given Average Recommendation of “Moderate Buy” by Brokerages

Global Payments Inc. (NYSE:GPN) has been given an average rating of “Moderate Buy” by the twenty-seven brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and sixteen have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $137.41.

Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods lifted their price objective on Global Payments from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday. Susquehanna reissued a “positive” rating and issued a $147.00 price objective on shares of Global Payments in a research note on Tuesday, September 17th. Monness Crespi & Hardt lowered their target price on shares of Global Payments from $165.00 to $155.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. Jefferies Financial Group reduced their target price on shares of Global Payments from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Finally, BNP Paribas upgraded shares of Global Payments to a “strong sell” rating in a research report on Wednesday, September 4th.

Global Payments Trading Down 0.9 %

Shares of NYSE:GPN opened at $115.76 on Wednesday. The firm has a market capitalization of $29.46 billion, a price-to-earnings ratio of 21.80, a price-to-earnings-growth ratio of 0.90 and a beta of 1.00. The business’s 50 day moving average price is $108.39 and its 200-day moving average price is $104.19. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93. Global Payments has a 1 year low of $91.60 and a 1 year high of $141.77.

Global Payments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Friday, December 13th. Global Payments’s dividend payout ratio (DPR) is 18.83%.

Hedge Funds Weigh In On Global Payments

Several hedge funds have recently bought and sold shares of GPN. Cromwell Holdings LLC purchased a new position in Global Payments in the 3rd quarter valued at approximately $25,000. Beaird Harris Wealth Management LLC acquired a new stake in shares of Global Payments in the third quarter valued at $25,000. POM Investment Strategies LLC purchased a new position in Global Payments in the second quarter valued at $32,000. Capital Performance Advisors LLP acquired a new position in Global Payments during the 3rd quarter worth $33,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in Global Payments by 59.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 383 shares of the business services provider’s stock worth $39,000 after purchasing an additional 143 shares during the period. Institutional investors and hedge funds own 89.76% of the company’s stock.

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.