Global Payments (NYSE:GPN) Given New $115.00 Price Target at JPMorgan Chase & Co.

Global Payments (NYSE:GPN) had its target price decreased by JPMorgan Chase & Co. from $118.00 to $115.00 in a research report sent to investors on Tuesday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the business services provider’s stock.

GPN has been the topic of several other research reports. B. Riley lowered their price target on Global Payments from $204.00 to $194.00 and set a “buy” rating on the stock in a research report on Wednesday, September 25th. Keefe, Bruyette & Woods lowered their target price on shares of Global Payments from $150.00 to $140.00 and set an “outperform” rating on the stock in a report on Monday, July 8th. Monness Crespi & Hardt cut their price target on shares of Global Payments from $165.00 to $155.00 and set a “buy” rating for the company in a report on Wednesday, September 25th. Sanford C. Bernstein lowered shares of Global Payments from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $135.00 to $112.00 in a research report on Tuesday, October 22nd. Finally, Morgan Stanley dropped their price objective on shares of Global Payments from $164.00 to $156.00 and set an “overweight” rating for the company in a report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $137.52.

Global Payments Trading Down 2.7 %

Shares of GPN stock opened at $99.05 on Tuesday. The firm has a fifty day moving average of $104.95 and a 200-day moving average of $104.38. The stock has a market cap of $25.28 billion, a price-to-earnings ratio of 19.65, a P/E/G ratio of 0.74 and a beta of 0.98. Global Payments has a 52-week low of $91.60 and a 52-week high of $141.77. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.92 and a current ratio of 0.92.

Global Payments (NYSE:GPN) last posted its quarterly earnings results on Wednesday, August 7th. The business services provider reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.03. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.32 billion. Global Payments had a net margin of 14.26% and a return on equity of 11.93%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.48 earnings per share. On average, equities research analysts forecast that Global Payments will post 11.06 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, September 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.01%. Global Payments’s dividend payout ratio (DPR) is presently 19.84%.

Insider Buying and Selling at Global Payments

In other news, CAO David M. Sheffield sold 1,651 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $100.73, for a total transaction of $166,305.23. Following the completion of the transaction, the chief accounting officer now directly owns 20,531 shares in the company, valued at approximately $2,068,087.63. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.98% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GPN. New Covenant Trust Company N.A. acquired a new stake in Global Payments in the first quarter worth $31,000. LRI Investments LLC acquired a new stake in Global Payments during the 1st quarter worth $32,000. Cromwell Holdings LLC bought a new position in Global Payments during the third quarter worth about $25,000. POM Investment Strategies LLC acquired a new position in Global Payments in the second quarter valued at about $32,000. Finally, North Star Investment Management Corp. increased its holdings in shares of Global Payments by 154.7% in the first quarter. North Star Investment Management Corp. now owns 354 shares of the business services provider’s stock worth $47,000 after acquiring an additional 215 shares in the last quarter. Institutional investors own 89.76% of the company’s stock.

About Global Payments

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.