Shares of Global Payments Inc (NYSE:GPN) have been given a consensus recommendation of “Buy” by the twenty-five brokerages that are currently covering the company, ARN reports. Nine equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $67.72.
GPN has been the topic of several analyst reports. Deutsche Bank reissued a “buy” rating on shares of Global Payments in a research note on Wednesday, October 21st. Oppenheimer reissued an “outperform” rating and issued a $68.00 price objective on shares of Global Payments in a research note on Wednesday, October 21st. Cowen and Company reaffirmed an “outperform” rating and set a $67.00 price target on shares of Global Payments in a research report on Wednesday, September 30th. Vetr cut shares of Global Payments from a “buy” rating to a “hold” rating and set a $68.83 price target on the stock. in a research report on Tuesday, October 13th. Finally, Sterne Agee CRT began coverage on shares of Global Payments in a research report on Thursday, December 17th. They set a “buy” rating and a $85.00 price target on the stock.
Global Payments (NYSE:GPN) traded down 2.8369% during mid-day trading on Monday, hitting $62.6799. The company had a trading volume of 174,579 shares. Global Payments has a 12-month low of $38.87 and a 12-month high of $74.64. The firm has a market capitalization of $8.14 billion and a PE ratio of 28.9247. The company’s 50 day moving average price is $68.86 and its 200-day moving average price is $60.74.
Global Payments (NYSE:GPN) last issued its quarterly earnings data on Tuesday, December 15th. The company reported $0.76 earnings per share for the quarter, hitting the consensus estimate of $0.76. The business earned $518 million during the quarter. On average, analysts forecast that Global Payments will post $2.97 EPS for the current fiscal year.
In other news, Director William I. Jacobs sold 1,200 shares of the stock in a transaction that occurred on Tuesday, December 1st. The shares were sold at an average price of $71.82, for a total transaction of $86,184.00. Following the completion of the transaction, the director now directly owns 51,916 shares of the company’s stock, valued at approximately $3,728,607.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Guido Francesco Sacchi sold 3,440 shares of the stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $130.40, for a total transaction of $448,576.00. Following the transaction, the executive vice president now directly owns 12,971 shares of the company’s stock, valued at $1,691,418.40. The disclosure for this sale can be found here.
Global Payments Inc. is a provider of payment technology services. The Company provides payment and digital commerce solutions. The Company operates in two segments: North America merchant services and International merchant services. The Company’s North America merchant services and International merchant services segments primarily provide payment solutions for credit cards, debit cards, electronic payments and check-related services. The Company’s North America merchant services and International merchant services segments target customers in various industries, including financial services, gaming, government, healthcare, professional services, restaurants, retail, universities, not-for-profit organizations and utilities. The Company performs a series of services, including authorization, electronic draft capture, file transfers to facilitate funds settlement and certain exception-based, back office support services, such as chargeback and retrieval resolution.