Global Payments (NYSE:GPN) Price Target Raised to $182.00

Global Payments (NYSE:GPN - Get Free Report) had its price target raised by Robert W. Baird from $172.00 to $182.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has an "outperform" rating on the business services provider's stock. Robert W. Baird's price objective suggests a potential upside of 42.12% from the company's current price.

Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. increased their price target on shares of Global Payments from $145.00 to $159.00 and gave the company a "neutral" rating in a report on Thursday, February 15th. B. Riley increased their price target on shares of Global Payments from $180.00 to $186.00 and gave the company a "buy" rating in a report on Monday, February 5th. UBS Group increased their price target on shares of Global Payments from $130.00 to $145.00 and gave the company a "neutral" rating in a report on Thursday, February 15th. BMO Capital Markets dropped their target price on shares of Global Payments from $138.00 to $137.00 and set a "market perform" rating for the company in a report on Thursday, February 15th. Finally, TheStreet upgraded shares of Global Payments from a "c" rating to a "b-" rating in a report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $152.31.

Global Payments Stock Up 1.7 %

Shares of Global Payments stock traded up $2.14 during trading hours on Monday, hitting $128.06. The company had a trading volume of 1,772,977 shares, compared to its average volume of 2,325,682. The company's 50-day moving average is $132.47 and its two-hundred day moving average is $123.90. Global Payments has a twelve month low of $95.12 and a twelve month high of $141.77. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market cap of $32.67 billion, a P/E ratio of 33.88, a price-to-earnings-growth ratio of 0.81 and a beta of 0.96.

Global Payments (NYSE:GPN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 14th. The business services provider reported $2.65 earnings per share for the quarter, topping analysts' consensus estimates of $2.64 by $0.01. The firm had revenue of $2.43 billion during the quarter, compared to analysts' expectations of $2.18 billion. Global Payments had a net margin of 10.22% and a return on equity of 11.44%. Global Payments's quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.30 EPS. Analysts anticipate that Global Payments will post 10.94 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Norges Bank purchased a new position in shares of Global Payments in the fourth quarter valued at $365,933,000. FMR LLC grew its stake in shares of Global Payments by 40.7% in the 3rd quarter. FMR LLC now owns 9,346,779 shares of the business services provider's stock worth $1,078,525,000 after buying an additional 2,703,434 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Global Payments by 338.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,288,108 shares of the business services provider's stock worth $379,416,000 after buying an additional 2,537,941 shares during the last quarter. Pzena Investment Management LLC purchased a new stake in Global Payments during the 3rd quarter valued at $197,875,000. Finally, Boston Partners boosted its stake in Global Payments by 40.5% during the 3rd quarter. Boston Partners now owns 5,142,771 shares of the business services provider's stock valued at $591,613,000 after purchasing an additional 1,481,714 shares during the last quarter. 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.