Global Payments (NYSE:GPN) Upgraded at StockNews.com

StockNews.com upgraded shares of Global Payments (NYSE:GPN) from a hold rating to a buy rating in a report issued on Tuesday.

Other research analysts also recently issued reports about the stock. Sanford C. Bernstein downgraded shares of Global Payments from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $135.00 to $112.00 in a research report on Tuesday, October 22nd. Morgan Stanley lowered their price objective on shares of Global Payments from $164.00 to $156.00 and set an “overweight” rating for the company in a research report on Wednesday, September 25th. Susquehanna restated a “positive” rating and set a $147.00 price objective on shares of Global Payments in a research report on Tuesday, September 17th. B. Riley lowered their price objective on shares of Global Payments from $204.00 to $194.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. Finally, Barclays decreased their target price on shares of Global Payments from $145.00 to $120.00 and set an “overweight” rating on the stock in a research note on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $136.50.

Global Payments Stock Up 0.1 %

Shares of GPN opened at $116.21 on Tuesday. Global Payments has a one year low of $91.60 and a one year high of $141.77. The company has a market cap of $29.57 billion, a P/E ratio of 21.89, a P/E/G 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. The firm has a 50 day simple moving average of $104.94 and a two-hundred day simple moving average of $103.43.

Global Payments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $0.25 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.00 annualized dividend and a yield of 0.86%. Global Payments’s payout ratio is 18.83%.

Hedge Funds Weigh In On Global Payments

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cromwell Holdings LLC acquired a new position in shares of Global Payments during the third quarter valued at about $25,000. New Covenant Trust Company N.A. acquired a new position in shares of Global Payments during the first quarter valued at about $31,000. LRI Investments LLC acquired a new position in shares of Global Payments during the first quarter valued at about $32,000. POM Investment Strategies LLC acquired a new position in shares of Global Payments during the second quarter valued at about $32,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Global Payments during the third quarter valued at about $33,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

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.