Global Payments - GPN Stock Forecast, Price & News

Global Payments Inc. provides payment technology and software solutions for card, electronic, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Merchant Solutions, Issuer Solutions, and Business and Consumer Solutions. The Merchant Solutions segment offers authorization services, settlement and funding services, customer support and help-desk functions, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and statements, and on-line reporting services. This segment also provides an array of enterprise software solutions that streamline business operations of its customers in various vertical markets; and value-added services, such as point-of-sale solutions, and analytic and engagement tools, as well as payroll and human capital management services. The Issuer Solutions segment offers solutions that enable financial institutions and retailers to manage their card portfolios through a platform; and commercial payments and ePayables solutions for businesses and governments. The Business and Consumer Solutions segment provides general-purpose reloadable prepaid debit and payroll cards, demand deposit accounts, and other financial service solutions to the underbanked and other consumers, and businesses under the Netspend brand. It markets its products and services through direct sales force, trade associations, agent and enterprise software providers, referral arrangements with value-added resellers, and independent sales organizations. The company was founded in 1967 and is headquartered in Atlanta, Georgia.

Wall Street Analyst Weigh In

Several research analysts have recently commented on GPN shares. Mizuho decreased their target price on Global Payments from $148.00 to $132.00 and set a "neutral" rating for the company in a research report on Wednesday, August 3rd. Oppenheimer cut their price target on Global Payments from $152.00 to $144.00 and set an "outperform" rating on the stock in a report on Tuesday, August 2nd. Royal Bank of Canada cut their price target on Global Payments from $197.00 to $194.00 and set an "outperform" rating on the stock in a report on Tuesday, August 2nd. The Goldman Sachs Group assumed coverage on Global Payments in a report on Tuesday, May 17th. They issued a "neutral" rating and a $151.00 price target on the stock. Finally, Credit Suisse Group downgraded Global Payments from an "outperform" rating to a "neutral" rating and cut their price target for the stock from $180.00 to $145.00 in a report on Wednesday, August 3rd. Six equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $175.03.

Global Payments Price Performance

Shares of NYSE:GPN traded up $1.95 during mid-day trading on Monday, reaching $129.95. The company had a trading volume of 24,973 shares, compared to its average volume of 1,979,345. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.45. The stock has a market cap of $36.02 billion, a PE ratio of 711.15, a P/E/G ratio of 0.87 and a beta of 1.04. The company has a 50-day moving average price of $118.40 and a two-hundred day moving average price of $128.94. Global Payments has a 1-year low of $105.52 and a 1-year high of $177.35.

Global Payments (NYSE:GPN - Get Rating) last issued its earnings results on Monday, August 1st. The business services provider reported $2.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.34 by $0.02. Global Payments had a return on equity of 9.24% and a net margin of 0.87%. The business had revenue of $2.28 billion for the quarter, compared to analysts' expectations of $2.09 billion. During the same period in the previous year, the firm posted $1.92 EPS. The company's quarterly revenue was up 6.7% on a year-over-year basis. On average, equities analysts anticipate that Global Payments will post 9 earnings per share for the current year.

Global Payments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, September 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.77%. Global Payments's dividend payout ratio is 555.59%.

Insider Activity

In other Global Payments news, EVP David Lawrence Green sold 16,252 shares of the business's stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $130.10, for a total value of $2,114,385.20. Following the transaction, the executive vice president now owns 97,818 shares in the company, valued at $12,726,121.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.19% of the stock is currently owned by corporate insiders.