Global Payments (NYSE:GPN) PT Lowered to $155.00 at Citigroup

Global Payments (NYSE:GPN) had its price target trimmed by Citigroup from $163.00 to $155.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a buy rating on the business services provider’s stock.

Other equities research analysts have also issued research reports about the stock. StockNews.com lowered shares of Global Payments from a buy rating to a hold rating in a research note on Thursday. TD Cowen dropped their price target on shares of Global Payments from $160.00 to $152.00 and set a buy rating on the stock in a research note on Thursday. JPMorgan Chase & Co. increased their price objective on shares of Global Payments from $145.00 to $159.00 and gave the company a neutral rating in a report on Thursday, February 15th. Susquehanna decreased their price objective on shares of Global Payments from $160.00 to $157.00 and set a positive rating for the company in a report on Thursday. Finally, TheStreet upgraded shares of Global Payments from a c rating to a b- rating in a report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat, Global Payments presently has a consensus rating of Moderate Buy and a consensus price target of $150.00.

Global Payments Stock Performance

NYSE:GPN opened at $111.37 on Thursday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.92 and a quick ratio of 0.99. The firm has a 50-day moving average of $127.50 and a two-hundred day moving average of $124.82. The stock has a market cap of $28.43 billion, a P/E ratio of 22.10, a PEG ratio of 0.72 and a beta of 0.97. Global Payments has a 1-year low of $95.12 and a 1-year high of $141.77.

Global Payments (NYSE:GPN) last issued its quarterly earnings results on Wednesday, February 14th. The business services provider reported $2.65 EPS for the quarter, topping the consensus estimate of $2.64 by $0.01. Global Payments had a net margin of 13.40% and a return on equity of 11.72%. The business had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter last year, the company posted $2.30 earnings per share. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, research analysts expect that Global Payments will post 10.95 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.90%. Global Payments’s dividend payout ratio is currently 19.84%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GPN. Norges Bank bought a new position in Global Payments in the 4th quarter worth $365,933,000. FMR LLC raised its holdings in Global Payments by 40.7% in the 3rd quarter. FMR LLC now owns 9,346,779 shares of the business services provider’s stock worth $1,078,525,000 after acquiring an additional 2,703,434 shares during the period. Ameriprise Financial Inc. raised its holdings in Global Payments by 338.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,288,108 shares of the business services provider’s stock worth $379,416,000 after acquiring an additional 2,537,941 shares during the period. Pzena Investment Management LLC acquired a new stake in Global Payments in the 3rd quarter worth $197,875,000. Finally, Boston Partners grew its position in Global Payments by 40.5% in the 3rd quarter. Boston Partners now owns 5,142,771 shares of the business services provider’s stock worth $591,613,000 after purchasing an additional 1,481,714 shares during 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.