Global Payments (NYSE:GPN) Price Target Cut to $110.00 by Analysts at Barclays

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

GPN has been the topic of a number of other research reports. StockNews.com raised Global Payments from a "hold" rating to a "buy" rating in a report on Thursday, January 23rd. Stephens cut shares of Global Payments from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $125.00 to $120.00 in a report on Friday, January 10th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $122.00 price objective (down previously from $155.00) on shares of Global Payments in a research report on Thursday, January 9th. Bank of America lowered their target price on Global Payments from $156.00 to $149.00 and set a "buy" rating for the company in a report on Friday, February 14th. Finally, Evercore ISI started coverage on Global Payments in a research note on Wednesday, April 9th. They set an "in-line" rating and a $85.00 price objective for the company. 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.com, the company presently has a consensus rating of "Hold" and a consensus price target of $124.73.

Global Payments Stock Down 17.4 %

Shares of NYSE:GPN traded down $14.62 during trading on Tuesday, hitting $69.50. The company's stock had a trading volume of 17,553,278 shares, compared to its average volume of 2,324,365. Global Payments has a fifty-two week low of $68.48 and a fifty-two week high of $127.66. The stock's 50-day moving average price is $95.50 and its two-hundred day moving average price is $104.93. 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 company has a market capitalization of $17.09 billion, a PE ratio of 11.25, a PEG ratio of 0.86 and a beta of 0.97.

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). The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. Global Payments had a return on equity of 12.21% and a net margin of 15.54%. As a group, sell-side analysts expect that Global Payments will post 11.89 EPS for the current year.

Institutional Trading of Global Payments

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Beaird Harris Wealth Management LLC bought a new position in shares of Global Payments in the third quarter valued at $25,000. Optiver Holding B.V. purchased a new stake in shares of Global Payments during the fourth quarter valued at $28,000. NBC Securities Inc. purchased a new stake in shares of Global Payments during the first quarter valued at $30,000. Whipplewood Advisors LLC acquired a new position in shares of Global Payments in the 4th quarter valued at $37,000. Finally, Quintet Private Bank Europe S.A. purchased a new position in Global Payments in the 4th quarter worth about $38,000. 89.76% of the stock is owned by institutional investors and hedge funds.

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.