Global Payments (NYSE:GPN) Price Target Lowered to $160.00 at Evercore ISI

Global Payments (NYSE:GPN) had its price objective lowered by Evercore ISI from $170.00 to $160.00 in a research report report published on Tuesday morning, Benzinga reports. Evercore ISI currently has an outperform rating on the business services provider’s stock.

A number of other equities research analysts also recently weighed in on GPN. Mizuho cut their target price on Global Payments from $129.00 to $105.00 and set a neutral rating for the company in a research report on Wednesday, May 15th. KeyCorp lowered their target price on shares of Global Payments from $155.00 to $145.00 and set an overweight rating on the stock in a research report on Thursday, May 2nd. Keefe, Bruyette & Woods decreased their price target on shares of Global Payments from $158.00 to $150.00 and set an outperform rating for the company in a report on Thursday, May 2nd. Monness Crespi & Hardt dropped their price target on shares of Global Payments from $175.00 to $165.00 and set a buy rating for the company in a research report on Friday, May 3rd. Finally, Morgan Stanley raised their price objective on shares of Global Payments from $160.00 to $164.00 and gave the stock an overweight rating in a report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $145.68.

Global Payments Trading Down 1.4 %

NYSE:GPN opened at $95.65 on Tuesday. The business’s 50-day moving average is $106.73 and its two-hundred day moving average is $122.10. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.92 and a quick ratio of 0.92. Global Payments has a 12 month low of $91.60 and a 12 month high of $141.77. The firm has a market capitalization of $24.41 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 0.61 and a beta of 0.98.

Global Payments (NYSE:GPN) last posted its quarterly earnings results on Wednesday, May 1st. The business services provider reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $0.07. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.17 billion. Global Payments had a return on equity of 11.72% and a net margin of 13.40%. Research analysts predict that Global Payments will post 11.08 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, June 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.05%. Global Payments’s payout ratio is 19.84%.

Insider Buying and Selling at Global Payments

In other news, VP Andrea M. Carter sold 3,300 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $111.34, for a total transaction of $367,422.00. Following the transaction, the vice president now directly owns 25,209 shares in the company, valued at approximately $2,806,770.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.98% of the company’s stock.

Institutional Trading of Global Payments

Several hedge funds and other institutional investors have recently modified their holdings of the stock. New Covenant Trust Company N.A. bought a new stake in Global Payments in the 1st quarter valued at about $31,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Global Payments in the 4th quarter valued at $30,000. LRI Investments LLC bought a new position in Global Payments during the first quarter worth $32,000. West Paces Advisors Inc. lifted its stake in shares of Global Payments by 54.5% in the first quarter. West Paces Advisors Inc. now owns 309 shares of the business services provider’s stock valued at $41,000 after buying an additional 109 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Global Payments in the fourth quarter valued at about $41,000. Institutional investors own 89.76% of the company’s stock.

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.