Global Payments Inc (NYSE:GPN) had its price target upped by investment analysts at Piper Jaffray Companies to $85.00 in a research report issued to clients and investors on Tuesday. Piper Jaffray Companies’ price target suggests a potential upside of 7.08% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Global Payments from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a research note on Wednesday, January 11th. Stifel Nicolaus restated a “buy” rating and set a $92.00 price target (up previously from $85.00) on shares of Global Payments in a research note on Tuesday, January 10th. Evercore ISI restated a “buy” rating and set a $96.00 price target on shares of Global Payments in a research note on Tuesday, January 10th. Guggenheim started coverage on shares of Global Payments in a research note on Monday, December 19th. They set a “buy” rating and a $82.00 price target for the company. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and set a $88.00 price target (up previously from $85.00) on shares of Global Payments in a research note on Wednesday, January 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eighteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $83.65.

Analyst Recommendations for Global Payments (NYSE:GPN)

Shares of Global Payments (NYSE:GPN) opened at 79.38 on Tuesday. The stock’s 50 day moving average is $78.86 and its 200-day moving average is $74.89. Global Payments has a 1-year low of $58.54 and a 1-year high of $81.56. The firm has a market cap of $12.08 billion, a PE ratio of 57.15 and a beta of 1.05.

Global Payments (NYSE:GPN) last announced its quarterly earnings results on Monday, January 9th. The company reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.05. The business earned $817.20 million during the quarter. Global Payments had a net margin of 7.28% and a return on equity of 19.50%. The business’s revenue for the quarter was up 30.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.76 EPS. Analysts expect that Global Payments will post $3.45 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, February 24th. Investors of record on Friday, February 10th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, February 8th. This represents a $0.04 annualized dividend and a yield of 0.05%. Global Payments’s payout ratio is currently 2.41%.

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In related news, Director William I. Jacobs sold 600 shares of the stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $79.05, for a total transaction of $47,430.00. Following the completion of the transaction, the director now owns 41,411 shares in the company, valued at $3,273,539.55. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Alan M. Silberstein sold 3,865 shares of the stock in a transaction dated Friday, January 13th. The shares were sold at an average price of $77.52, for a total transaction of $299,614.80. Following the transaction, the director now owns 58,270 shares of the company’s stock, valued at approximately $4,517,090.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,965 shares of company stock valued at $3,496,640. 1.10% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. Municipal Employees Retirement System of Michigan increased its stake in Global Payments by 0.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,870 shares of the company’s stock valued at $374,000 after buying an additional 20 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Global Payments by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,811 shares of the company’s stock valued at $612,000 after buying an additional 37 shares during the period. Highland Capital Management LLC increased its stake in Global Payments by 0.6% in the third quarter. Highland Capital Management LLC now owns 13,482 shares of the company’s stock valued at $1,035,000 after buying an additional 82 shares during the period. Shelton Capital Management increased its stake in Global Payments by 0.8% in the fourth quarter. Shelton Capital Management now owns 14,986 shares of the company’s stock valued at $1,040,000 after buying an additional 113 shares during the period. Finally, GHP Investment Advisors Inc. increased its stake in Global Payments by 0.4% in the third quarter. GHP Investment Advisors Inc. now owns 28,752 shares of the company’s stock valued at $2,207,000 after buying an additional 116 shares during the period. 97.82% of the stock is currently owned by institutional investors and hedge funds.

Global Payments Company Profile

Global Payments Inc is a provider of payment technology services. The Company provides payment and digital commerce solutions. The Company operates through three segments: North America, Europe and Asia-Pacific. The Company’s segments primarily provide payment solutions for credit cards, debit cards, electronic payments and check-related services.

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