Barclays Has Lowered Expectations for Global Payments (NYSE:GPN) Stock Price

Global Payments (NYSE:GPN - Get Free Report) had its price objective lowered by analysts at Barclays from $135.00 to $125.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the business services provider's stock. Barclays's price target suggests a potential upside of 21.14% from the company's previous close.

Other equities analysts have also recently issued reports about the company. Morgan Stanley lowered their target price on Global Payments from $166.00 to $163.00 and set an "overweight" rating for the company in a report on Friday, February 14th. Bank of America decreased their price objective on Global Payments from $156.00 to $149.00 and set a "buy" rating for the company in a research note on Friday, February 14th. Stephens cut Global Payments from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $125.00 to $120.00 in a research note on Friday, January 10th. Royal Bank of Canada decreased their price objective on Global Payments from $143.00 to $130.00 and set an "outperform" rating for the company in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. decreased their price objective on Global Payments from $118.00 to $115.00 and set a "neutral" rating for the company in a research note on Tuesday, October 29th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $134.33.

Global Payments Trading Down 2.3 %

Shares of GPN traded down $2.39 during midday trading on Tuesday, reaching $103.19. The company had a trading volume of 2,189,224 shares, compared to its average volume of 1,744,548. Global Payments has a 1-year low of $91.60 and a 1-year high of $140.38. The stock has a market cap of $25.55 billion, a PE ratio of 16.70, a price-to-earnings-growth ratio of 0.87 and a beta of 1.01. The firm has a 50 day simple moving average of $109.94 and a 200-day simple moving average of $108.82. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.66.

Global Payments (NYSE:GPN - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The business services provider reported $2.84 earnings per share for the quarter, missing analysts' consensus estimates of $2.98 by ($0.14). Global Payments had a return on equity of 12.21% and a net margin of 15.54%. The business had revenue of $2.29 billion for the quarter, compared to analysts' expectations of $2.31 billion. Research analysts forecast that Global Payments will post 11.9 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Robert H. B. Baldwin, Jr. bought 5,800 shares of the company's stock in a transaction dated Friday, December 13th. The shares were acquired at an average price of $116.00 per share, with a total value of $672,800.00. Following the completion of the acquisition, the director now owns 42,738 shares in the company, valued at approximately $4,957,608. This trade represents a 15.70 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.98% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of GPN. Cromwell Holdings LLC acquired a new position in shares of Global Payments in the third quarter valued at approximately $25,000. Beaird Harris Wealth Management LLC acquired a new position in shares of Global Payments in the third quarter valued at approximately $25,000. Optiver Holding B.V. acquired a new position in shares of Global Payments in the fourth quarter valued at approximately $28,000. Capital Performance Advisors LLP acquired a new stake in shares of Global Payments in the third quarter valued at about $33,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Global Payments in the fourth quarter valued at about $37,000. Institutional investors and hedge funds 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.