By otakuyassine3@gmail.com 
Global Payments Inc. (NYSE:GPN – Get Free Report) has earned an average rating of “Moderate Buy” from the twenty-seven ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and sixteen have issued a buy recommendation on 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 brokerages have issued reports on GPN. JPMorgan Chase & Co. lowered their target price on Global Payments from $118.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 29th. BTIG Research lowered Global Payments from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 25th. The Goldman Sachs Group boosted their target price on Global Payments from $135.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Stephens decreased their price objective on Global Payments from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Friday, October 18th. Finally, Morgan Stanley decreased their price objective on Global Payments from $164.00 to $156.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 25th.
Check Out Our Latest Research Report on Global Payments
Hedge Funds Weigh In On Global Payments
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Tidal Investments LLC boosted its holdings in shares of Global Payments by 0.3% in the 3rd quarter. Tidal Investments LLC now owns 26,946 shares of the business services provider’s stock worth $2,760,000 after purchasing an additional 86 shares in the last quarter. SYM FINANCIAL Corp boosted its holdings in shares of Global Payments by 4.1% in the 3rd quarter. SYM FINANCIAL Corp now owns 2,440 shares of the business services provider’s stock worth $250,000 after purchasing an additional 97 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC boosted its holdings in shares of Global Payments by 1.2% in the 3rd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 8,210 shares of the business services provider’s stock worth $841,000 after purchasing an additional 98 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its holdings in shares of Global Payments by 27.2% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 543 shares of the business services provider’s stock worth $56,000 after purchasing an additional 116 shares in the last quarter. Finally, Metis Global Partners LLC boosted its holdings in shares of Global Payments by 1.4% in the 3rd quarter. Metis Global Partners LLC now owns 8,257 shares of the business services provider’s stock worth $846,000 after purchasing an additional 116 shares in the last quarter. 89.76% of the stock is currently owned by hedge funds and other institutional investors.
Global Payments Stock Performance
Shares of GPN opened at $114.21 on Wednesday. The firm has a market cap of $29.07 billion, a PE ratio of 21.51, a PEG ratio of 0.90 and a beta of 1.00. The stock’s fifty day moving average price is $109.75 and its two-hundred day moving average price is $104.58. 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 disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, December 13th. Global Payments’s payout ratio is currently 18.83%.
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.
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