Global Payments (NYSE:GPN) Receives “Neutral” Rating from Mizuho

Mizuho reiterated their neutral rating on shares of Global Payments (NYSE:GPN) in a research report released on Wednesday, Benzinga reports. They currently have a $129.00 price target on the business services provider’s stock.

Other analysts have also issued research reports about the stock. Royal Bank of Canada boosted their price target on shares of Global Payments from $154.00 to $172.00 and gave the company an outperform rating in a research note on Thursday, February 15th. BMO Capital Markets decreased their price target on shares of Global Payments from $138.00 to $137.00 and set a market perform rating for the company in a research note on Thursday, February 15th. Barclays boosted their price target on shares of Global Payments from $150.00 to $170.00 and gave the company an overweight rating in a research note on Tuesday, February 20th. JPMorgan Chase & Co. boosted their price target on shares of Global Payments from $145.00 to $159.00 and gave the company a neutral rating in a research note on Thursday, February 15th. Finally, TheStreet upgraded shares of Global Payments from a c rating to a b- rating in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $151.92.

Global Payments Stock Performance

NYSE:GPN opened at $131.77 on Wednesday. The company has a fifty day moving average of $132.78 and a 200-day moving average of $123.54. The firm has a market capitalization of $33.61 billion, a P/E ratio of 34.86, a P/E/G ratio of 0.85 and a beta of 0.96. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.67. Global Payments has a twelve month low of $95.12 and a twelve month high of $141.77.

Global Payments (NYSE:GPN) last released its quarterly earnings data on Wednesday, February 14th. The business services provider reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.64 by $0.01. The company had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.18 billion. Global Payments had a net margin of 10.22% and a return on equity of 11.44%. Global Payments’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.30 EPS. As a group, sell-side analysts anticipate that Global Payments will post 10.94 EPS for the current year.

Global Payments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, March 14th. Global Payments’s dividend payout ratio is currently 26.46%.

Institutional Investors Weigh In On Global Payments

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BluePath Capital Management LLC bought a new stake in shares of Global Payments during the third quarter valued at about $27,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Global Payments during the fourth quarter valued at about $30,000. Garner Asset Management Corp bought a new stake in shares of Global Payments during the fourth quarter valued at about $35,000. Clear Street Markets LLC bought a new stake in shares of Global Payments during the fourth quarter valued at about $27,000. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in shares of Global Payments during the fourth quarter valued at about $41,000. 89.76% of the stock is currently owned by institutional investors.

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.