Global Payments (NYSE:GPN) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Global Payments (NYSE:GPN) from a hold rating to a buy rating in a research report released on Monday.

Several other equities analysts also recently issued reports on GPN. KeyCorp reduced their price objective on shares of Global Payments from $145.00 to $135.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 25th. JPMorgan Chase & Co. decreased their price objective on Global Payments from $118.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, October 29th. Stephens dropped their target price on Global Payments from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Friday, October 18th. Monness Crespi & Hardt decreased their price target on Global Payments from $165.00 to $155.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. Finally, BTIG Research downgraded shares of Global Payments from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $137.41.

Global Payments Trading Down 0.7 %

NYSE:GPN opened at $118.13 on Monday. Global Payments has a 52-week low of $91.60 and a 52-week high of $141.77. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65. The stock has a fifty day simple moving average of $106.57 and a 200-day simple moving average of $103.76. The company has a market capitalization of $30.06 billion, a PE ratio of 22.25, a price-to-earnings-growth ratio of 0.91 and a beta of 0.97.

Global Payments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Friday, December 13th. Global Payments’s payout ratio is 18.83%.

Institutional Trading of Global Payments

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cromwell Holdings LLC bought a new position in Global Payments during the 3rd quarter worth approximately $25,000. Beaird Harris Wealth Management LLC bought a new position in Global Payments during the third quarter worth $25,000. POM Investment Strategies LLC acquired a new position in Global Payments in the second quarter worth $32,000. Capital Performance Advisors LLP bought a new stake in Global Payments during the third quarter valued at $33,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Global Payments by 59.6% during the third 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 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.