Barclays Lowers Global Payments (NYSE:GPN) Price Target to $145.00

Global Payments (NYSE:GPN) had its target price dropped by Barclays from $160.00 to $145.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the business services provider’s stock. Barclays‘s price target would suggest a potential upside of 31.95% from the company’s current price.

GPN has been the topic of a number of other reports. UBS Group raised their price target on Global Payments from $130.00 to $145.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Wedbush boosted their price target on Global Payments from $130.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, January 10th. Evercore ISI lowered their price objective on shares of Global Payments from $185.00 to $180.00 and set an “outperform” rating on the stock in a research note on Thursday, February 15th. JPMorgan Chase & Co. upped their target price 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. Finally, BMO Capital Markets dropped their price target on shares of Global Payments from $143.00 to $128.00 and set a “market perform” rating on the stock in a research note on Thursday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $150.04.

Global Payments Trading Up 0.8 %

Shares of NYSE GPN traded up $0.83 during midday trading on Thursday, hitting $109.89. 2,610,466 shares of the company traded hands, compared to its average volume of 2,252,016. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.99 and a current ratio of 0.99. Global Payments has a 12-month low of $95.12 and a 12-month high of $141.77. The stock has a 50-day moving average price of $128.37 and a 200 day moving average price of $124.82. The firm has a market cap of $28.03 billion, a P/E ratio of 28.95, a P/E/G ratio of 0.79 and a beta of 0.97.

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

Institutional Investors Weigh In On Global Payments

Several large investors have recently bought and sold shares of the business. Global Retirement Partners LLC grew its stake in shares of Global Payments by 18.8% in the 1st quarter. Global Retirement Partners LLC now owns 524 shares of the business services provider’s stock worth $70,000 after buying an additional 83 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Global Payments by 1.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 4,752 shares of the business services provider’s stock valued at $635,000 after acquiring an additional 90 shares during the last quarter. Coldstream Capital Management Inc. grew its position in Global Payments by 3.8% in the third quarter. Coldstream Capital Management Inc. now owns 2,485 shares of the business services provider’s stock worth $287,000 after acquiring an additional 91 shares in the last quarter. Fulton Bank N.A. increased its stake in Global Payments by 1.7% during the fourth quarter. Fulton Bank N.A. now owns 5,409 shares of the business services provider’s stock worth $687,000 after acquiring an additional 93 shares during the last quarter. Finally, Fidelis Capital Partners LLC raised its position in Global Payments by 5.1% during the first quarter. Fidelis Capital Partners LLC now owns 1,930 shares of the business services provider’s stock valued at $258,000 after purchasing an additional 93 shares during the period. 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.