Robert W. Baird Lowers Global Payments (NYSE:GPN) Price Target to $100.00

Global Payments (NYSE:GPN - Get Free Report) had its price objective dropped by stock analysts at Robert W. Baird from $145.00 to $100.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an "outperform" rating on the business services provider's stock. Robert W. Baird's price objective points to a potential upside of 37.84% from the company's current price.

A number of other research firms have also commented on GPN. Williams Trading set a $75.00 price target on shares of Global Payments in a research report on Friday, April 18th. Morgan Stanley reduced 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. StockNews.com upgraded Global Payments from a "hold" rating to a "buy" rating in a research report on Thursday, January 23rd. Citigroup decreased their price target on shares of Global Payments from $138.00 to $135.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Finally, Barclays lowered their price target on Global Payments from $125.00 to $110.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, Global Payments has an average rating of "Hold" and a consensus target price of $112.86.

Global Payments Stock Performance

Shares of NYSE:GPN traded up $0.49 on Monday, hitting $72.55. 3,424,442 shares of the company were exchanged, compared to its average volume of 2,410,730. The company's 50 day moving average price is $92.66 and its two-hundred day moving average price is $104.12. The firm has a market capitalization of $17.84 billion, a price-to-earnings ratio of 11.74, a PEG 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. Global Payments has a one year low of $65.93 and a one year high of $127.06.

Global Payments (NYSE:GPN - Get Free Report) last issued its earnings results on Thursday, February 13th. The business services provider reported $2.84 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.31 billion. Research analysts expect that Global Payments will post 11.89 earnings per share for the current year.

Institutional Trading of Global Payments

Several hedge funds and other institutional investors have recently modified their holdings of GPN. Virtu Financial LLC increased its position in Global Payments by 79.4% during the 3rd quarter. Virtu Financial LLC now owns 32,107 shares of the business services provider's stock worth $3,288,000 after buying an additional 14,212 shares during the period. SkyView Investment Advisors LLC increased its position in Global Payments by 5.6% during the 3rd quarter. SkyView Investment Advisors LLC now owns 5,315 shares of the business services provider's stock worth $544,000 after purchasing an additional 280 shares in the last quarter. Boyar Asset Management Inc. lifted its stake in shares of Global Payments by 22.4% in the 3rd quarter. Boyar Asset Management Inc. now owns 8,329 shares of the business services provider's stock valued at $853,000 after acquiring an additional 1,525 shares during the last quarter. Wilmington Savings Fund Society FSB raised its position in Global Payments by 24.3% in the third quarter. Wilmington Savings Fund Society FSB now owns 44,394 shares of the business services provider's stock valued at $4,547,000 after purchasing an additional 8,677 shares during the last quarter. Finally, Peapack Gladstone Financial Corp bought a new position in Global Payments in the 3rd quarter valued at approximately $253,000. 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.