Global Payments Inc. (NYSE:GPN) – Research analysts at William Blair boosted their Q2 2017 earnings estimates for Global Payments in a research report issued on Monday. William Blair analyst R. Napoli now expects that the business services provider will post earnings per share of $0.87 for the quarter, up from their previous estimate of $0.84. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for Global Payments’ Q4 2017 earnings at $1.01 EPS and FY2017 earnings at $3.74 EPS.
Other equities analysts have also issued reports about the company. Stifel Nicolaus assumed coverage on Global Payments in a research report on Thursday, June 1st. They set a “buy” rating and a $102.00 target price for the company. BMO Capital Markets boosted their price objective on Global Payments from $91.00 to $93.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. Credit Suisse Group boosted their price objective on Global Payments from $86.00 to $91.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. Barclays PLC reiterated a “buy” rating and issued a $96.00 price objective on shares of Global Payments in a research report on Friday, May 5th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $90.00 price objective on shares of Global Payments in a research report on Friday, May 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and nineteen have given a buy rating to the company’s stock. Global Payments currently has an average rating of “Buy” and an average target price of $90.28.
Global Payments (NYSE:GPN) opened at 94.80 on Tuesday. The company has a market cap of $14.46 billion, a price-to-earnings ratio of 74.59 and a beta of 1.09. The stock’s 50 day moving average is $90.71 and its 200 day moving average is $83.63. Global Payments has a 52-week low of $64.63 and a 52-week high of $95.00.
Global Payments (NYSE:GPN) last announced its earnings results on Thursday, May 4th. The business services provider reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.10. The firm had revenue of $919.76 million during the quarter, compared to analyst estimates of $767.09 million. Global Payments had a net margin of 6.22% and a return on equity of 17.38%. Global Payments’s revenue was up 46.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 EPS.
In related news, Director Alan M. Silberstein sold 600 shares of Global Payments stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $88.09, for a total transaction of $52,854.00. Following the sale, the director now directly owns 49,093 shares in the company, valued at $4,324,602.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert H. B. Baldwin, Jr. sold 50,000 shares of Global Payments stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $85.00, for a total value of $4,250,000.00. Following the sale, the director now owns 267,552 shares in the company, valued at $22,741,920. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 70,702 shares of company stock worth $6,147,076. 0.93% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of GPN. Financial Architects Inc raised its stake in shares of Global Payments by 14.5% in the first quarter. Financial Architects Inc now owns 1,840 shares of the business services provider’s stock worth $149,000 after buying an additional 233 shares during the period. Morgan Dempsey Capital Management LLC raised its stake in shares of Global Payments by 86.6% in the first quarter. Morgan Dempsey Capital Management LLC now owns 2,004 shares of the business services provider’s stock valued at $162,000 after buying an additional 930 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in shares of Global Payments by 84.8% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,033 shares of the business services provider’s stock valued at $164,000 after buying an additional 933 shares during the last quarter. Point72 Asia Hong Kong Ltd purchased a new stake in shares of Global Payments during the first quarter valued at about $200,000. Finally, BlueCrest Capital Management Ltd purchased a new stake in shares of Global Payments during the first quarter valued at about $203,000. Institutional investors and hedge funds own 98.59% of the company’s stock.
About Global Payments
Global Payments Inc is a provider of payment technology services. The Company provides payment and digital commerce solutions. The Company operates through three segments: North America, Europe and Asia-Pacific. The Company’s segments primarily provide payment solutions for credit cards, debit cards, electronic payments and check-related services.
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