Global Payments (NYSE:GPN) Stock Rating Upgraded by Susquehanna Bancshares

Susquehanna Bancshares upgraded shares of Global Payments (NYSE:GPN) from a neutral rating to a positive rating in a research report sent to investors on Tuesday, May 7th, Briefing.com Automated Import reports. They currently have $170.00 target price on the business services provider’s stock, up from their prior target price of $130.00.

GPN has been the subject of several other reports. Nomura boosted their target price on shares of Global Payments from $91.00 to $94.00 and gave the company a reduce rating in a research note on Monday, February 11th. Zacks Investment Research upgraded shares of Global Payments from a sell rating to a hold rating in a research note on Wednesday, February 6th. SunTrust Banks boosted their price target on shares of Global Payments to $155.00 and gave the stock a buy rating in a report on Tuesday, April 16th. TheStreet raised shares of Global Payments from a c rating to a b- rating in a report on Wednesday, February 13th. Finally, Barclays upped their target price on shares of Global Payments from $133.00 to $145.00 and gave the stock an overweight rating in a report on Tuesday, February 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $146.31.

Shares of GPN traded up $1.11 during trading hours on Tuesday, hitting $154.04. The stock had a trading volume of 2,846,534 shares, compared to its average volume of 1,293,718. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.03 and a quick ratio of 1.03. Global Payments has a fifty-two week low of $94.81 and a fifty-two week high of $158.73. The stock has a market cap of $24.04 billion, a P/E ratio of 29.68, a P/E/G ratio of 1.47 and a beta of 1.20.

Global Payments (NYSE:GPN) last posted its earnings results on Thursday, May 2nd. The business services provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.12. Global Payments had a net margin of 13.69% and a return on equity of 19.83%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the business posted $1.13 EPS. The business’s revenue was up 12.8% compared to the same quarter last year. Equities analysts expect that Global Payments will post 5.81 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.01 dividend. The ex-dividend date is Thursday, June 13th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. Global Payments’s payout ratio is currently 0.77%.

In other news, Director Alan M. Silberstein sold 700 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $138.96, for a total transaction of $97,272.00. Following the sale, the director now owns 40,355 shares of the company’s stock, valued at $5,607,730.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert H. B. Baldwin, Jr. sold 4,250 shares of the stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $146.36, for a total transaction of $622,030.00. Following the sale, the director now directly owns 48,382 shares in the company, valued at approximately $7,081,189.52. The disclosure for this sale can be found here. Insiders sold 211,079 shares of company stock worth $27,503,399 in the last ninety days. 0.88% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Stephens Investment Management Group LLC grew its position in shares of Global Payments by 6.4% during the first quarter. Stephens Investment Management Group LLC now owns 53,565 shares of the business services provider’s stock worth $7,313,000 after acquiring an additional 3,214 shares during the last quarter. Wetherby Asset Management Inc. lifted its holdings in Global Payments by 2.1% in the first quarter. Wetherby Asset Management Inc. now owns 10,635 shares of the business services provider’s stock valued at $1,452,000 after acquiring an additional 221 shares during the period. Psagot Investment House Ltd. lifted its holdings in Global Payments by 93.8% in the fourth quarter. Psagot Investment House Ltd. now owns 24,613 shares of the business services provider’s stock valued at $2,538,000 after acquiring an additional 11,913 shares during the period. Conning Inc. lifted its holdings in Global Payments by 3.7% in the first quarter. Conning Inc. now owns 2,510 shares of the business services provider’s stock valued at $343,000 after acquiring an additional 90 shares during the period. Finally, LS Investment Advisors LLC lifted its holdings in Global Payments by 17.1% in the first quarter. LS Investment Advisors LLC now owns 7,263 shares of the business services provider’s stock valued at $992,000 after acquiring an additional 1,062 shares during the period. 97.48% of the stock is currently owned by hedge funds and other institutional investors.

About Global Payments

Global Payments Inc provides payment technology and software solutions for card, electronic, check, and digital-based payments. The company operates in three segments: North America, Europe, and Asia-Pacific. It offers authorization services, settlement and funding services, customer support and help-desk functions, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and statements, and online reporting services.

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Analyst Recommendations for Global Payments (NYSE:GPN)

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