Global Payments Inc. (NYSE:GPN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Global Payments Inc. (NYSE:GPN) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-six ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and fifteen have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $136.50.

A number of research firms have recently commented on GPN. Oppenheimer started coverage on shares of Global Payments in a report on Tuesday, October 1st. They issued a “market perform” rating on the stock. KeyCorp dropped their target price 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. BTIG Research lowered shares of Global Payments from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 25th. BNP Paribas upgraded Global Payments to a “strong sell” rating in a report on Wednesday, September 4th. Finally, Seaport Res Ptn downgraded Global Payments from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th.

Global Payments Stock Down 0.2 %

Shares of NYSE:GPN opened at $116.00 on Friday. The business has a 50 day simple moving average of $105.09 and a two-hundred day simple moving average of $103.52. The firm has a market capitalization of $29.52 billion, a PE ratio of 21.85, a price-to-earnings-growth ratio of 0.89 and a beta of 0.97. 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 business 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. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.00 dividend on an annualized basis and a yield of 0.86%. Global Payments’s payout ratio is 18.83%.

Institutional Trading of Global Payments

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cromwell Holdings LLC acquired a new stake in Global Payments during the 3rd quarter worth about $25,000. New Covenant Trust Company N.A. purchased a new position in Global Payments during the first quarter valued at approximately $31,000. LRI Investments LLC purchased a new position in Global Payments during the first quarter valued at approximately $32,000. POM Investment Strategies LLC acquired a new position in Global Payments in the second quarter valued at approximately $32,000. Finally, Capital Performance Advisors LLP purchased a new stake in Global Payments in the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds 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.