Global Payments Inc. (NYSE:GPN - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $90.99 and last traded at $91.43, with a volume of 389177 shares. The stock had previously closed at $93.25.
Analysts Set New Price Targets
A number of equities analysts have recently commented on GPN shares. Barclays cut their target price on shares of Global Payments from $135.00 to $125.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Morgan Stanley dropped their price objective on shares of Global Payments from $166.00 to $163.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $122.00 price target (down from $155.00) on shares of Global Payments in a report on Thursday, January 9th. StockNews.com raised Global Payments from a "hold" rating to a "buy" rating in a report on Thursday, January 23rd. Finally, Bank of America dropped their price objective on Global Payments from $156.00 to $149.00 and set a "buy" rating on the stock in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $134.33.
Check Out Our Latest Stock Analysis on GPN
Global Payments Trading Up 1.8 %
The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The firm has a 50-day moving average price of $106.42 and a 200-day moving average price of $108.29. The company has a market capitalization of $23.17 billion, a price-to-earnings ratio of 15.15, a PEG ratio of 0.86 and a beta of 1.04.
Global Payments (NYSE:GPN - Get Free Report) last released its earnings results on Thursday, February 13th. The business services provider reported $2.84 earnings per share (EPS) 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 firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. As a group, sell-side analysts predict that Global Payments Inc. will post 11.89 EPS for the current year.
Global Payments Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Friday, March 14th. Global Payments's payout ratio is 16.18%.
Institutional Investors Weigh In On Global Payments
Several hedge funds have recently modified their holdings of GPN. Lansforsakringar Fondforvaltning AB publ purchased a new position in shares of Global Payments in the fourth quarter worth approximately $9,548,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Global Payments in the 4th quarter worth approximately $20,503,000. Capital A Wealth Management LLC purchased a new position in Global Payments during the 4th quarter worth approximately $303,000. Aurdan Capital Management LLC acquired a new stake in Global Payments during the 4th quarter valued at $3,050,000. Finally, Mackenzie Financial Corp lifted its holdings in shares of Global Payments by 0.3% in the fourth quarter. Mackenzie Financial Corp now owns 99,250 shares of the business services provider's stock valued at $11,122,000 after purchasing an additional 288 shares in the last quarter. 89.76% of the stock is owned by hedge funds and other institutional investors.
About Global Payments
(
Get Free Report)
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.
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