Global Payments (NYSE:GPN) Price Target Increased to $232.00 by Analysts at UBS Group

Global Payments (NYSE:GPN) had its price target increased by equities research analysts at UBS Group from $227.00 to $232.00 in a research report issued on Friday, BenzingaRatingsTable reports. The brokerage presently has a “buy” rating on the business services provider’s stock. UBS Group’s target price points to a potential upside of 14.44% from the stock’s current price.

Several other analysts have also recently issued reports on GPN. Barclays increased their target price on Global Payments from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 14th. Raymond James increased their target price on Global Payments from $210.00 to $229.00 and gave the stock an “outperform” rating in a research report on Tuesday. Morgan Stanley increased their target price on Global Payments from $137.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 23rd. Deutsche Bank increased their target price on Global Payments from $182.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Cantor Fitzgerald increased their target price on Global Payments from $196.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $205.53.

NYSE:GPN opened at $202.73 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.32. Global Payments has a 12-month low of $120.20 and a 12-month high of $206.18. The stock has a 50-day moving average price of $194.12 and a 200 day moving average price of $174.32. The stock has a market capitalization of $61.50 billion, a P/E ratio of 81.42, a P/E/G ratio of 1.56 and a beta of 1.00.

Global Payments (NYSE:GPN) last released its earnings results on Wednesday, February 12th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.11. Global Payments had a return on equity of 9.05% and a net margin of 10.59%. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter last year, the business posted $1.33 earnings per share. The firm’s revenue was up 125.7% on a year-over-year basis. On average, research analysts predict that Global Payments will post 5.83 earnings per share for the current fiscal year.

In related news, Director Joia M. Johnson bought 560 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was purchased at an average price of $178.45 per share, for a total transaction of $99,932.00. Following the acquisition, the director now owns 2,347 shares in the company, valued at $418,822.15. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William I. Jacobs sold 600 shares of Global Payments stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $193.70, for a total value of $116,220.00. Following the completion of the transaction, the director now owns 26,588 shares of the company’s stock, valued at approximately $5,150,095.60. The disclosure for this sale can be found here. Company insiders own 0.88% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. FMR LLC lifted its stake in shares of Global Payments by 0.8% during the 4th quarter. FMR LLC now owns 13,408,186 shares of the business services provider’s stock worth $2,447,799,000 after acquiring an additional 109,271 shares during the last quarter. State Street Corp lifted its stake in shares of Global Payments by 1.4% during the 4th quarter. State Street Corp now owns 11,773,243 shares of the business services provider’s stock worth $2,149,323,000 after acquiring an additional 158,819 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Global Payments by 4.3% during the 2nd quarter. BlackRock Inc. now owns 11,019,167 shares of the business services provider’s stock worth $1,764,501,000 after acquiring an additional 452,606 shares during the last quarter. Synovus Financial Corp lifted its stake in shares of Global Payments by 622,774.1% during the 3rd quarter. Synovus Financial Corp now owns 9,293,282 shares of the business services provider’s stock worth $1,477,630,000 after acquiring an additional 9,291,790 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Global Payments by 0.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,761,192 shares of the business services provider’s stock worth $1,599,444,000 after acquiring an additional 58,215 shares during the last quarter. Hedge funds and other institutional investors own 87.83% of the company’s stock.

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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