Global Payments (NYSE:GPN) Given New $110.00 Price Target at Barclays

Global Payments (NYSE:GPN - Get Free Report) had its price target cut by stock analysts at Barclays from $125.00 to $110.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an "overweight" rating on the business services provider's stock. Barclays's target price would suggest a potential upside of 58.27% from the stock's current price.

Other analysts also recently issued reports about the company. Bank of America cut their target price on Global Payments from $156.00 to $149.00 and set a "buy" rating for the company in a research report on Friday, February 14th. Evercore ISI initiated coverage on shares of Global Payments in a research report on Wednesday, April 9th. They set an "in-line" rating and a $85.00 price objective for the company. The Goldman Sachs Group reissued a "neutral" rating and issued a $122.00 target price (down from $155.00) on shares of Global Payments in a report on Thursday, January 9th. Keefe, Bruyette & Woods cut their price target on shares of Global Payments from $140.00 to $135.00 and set an "outperform" rating for the company in a report on Monday, March 31st. Finally, Citigroup decreased their price objective on shares of Global Payments from $138.00 to $135.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $124.73.

Global Payments Stock Down 17.4 %

GPN traded down $14.62 during trading on Tuesday, reaching $69.50. 17,553,278 shares of the stock were exchanged, compared to its average volume of 2,319,327. The stock has a market cap of $17.09 billion, a P/E ratio of 11.25, a price-to-earnings-growth ratio of 0.86 and a beta of 0.97. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 0.97. The stock's 50 day moving average price is $96.25 and its two-hundred day moving average price is $105.09. Global Payments has a twelve month low of $68.48 and a twelve month high of $127.66.

Global Payments (NYSE:GPN - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The business services provider reported $2.84 EPS for the quarter, missing analysts' consensus estimates of $2.98 by ($0.14). The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.31 billion. Global Payments had a return on equity of 12.21% and a net margin of 15.54%. Equities analysts expect that Global Payments will post 11.89 EPS for the current year.

Institutional Trading of Global Payments

A number of large investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Global Payments during the 4th quarter worth approximately $345,823,000. Pzena Investment Management LLC raised its stake in shares of Global Payments by 25.0% in the fourth quarter. Pzena Investment Management LLC now owns 8,298,846 shares of the business services provider's stock valued at $929,969,000 after buying an additional 1,659,984 shares during the period. SG Americas Securities LLC lifted its position in shares of Global Payments by 75,379.7% during the 1st quarter. SG Americas Securities LLC now owns 1,517,141 shares of the business services provider's stock valued at $148,558,000 after buying an additional 1,515,131 shares during the last quarter. Contour Asset Management LLC purchased a new stake in Global Payments in the 4th quarter worth about $147,695,000. Finally, Focused Investors LLC purchased a new stake in Global Payments during the fourth quarter valued at about $99,969,000. Hedge funds and other institutional investors own 89.76% of the company's stock.

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.