Global Payments Company Profile (NYSE:GPN)

Global Payments trades on the New York Stock Exchange (NYSE) under the ticker symbol "GPN."

Global Payments declared a quarterly dividend on Thursday, May 4th. Investors of record on Friday, June 9th will be given a dividend of $0.0133 per share on Friday, June 23rd. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.06%. The ex-dividend date is Wednesday, June 7th. This is an increase from Global Payments's previous quarterly dividend of $0.01. View Global Payments' Dividend History.

Global Payments shares split on Tuesday, November 3rd 2015. The 2-1 split was announced on Wednesday, October 7th 2015. The newly issued shares were distributed to shareholders after the closing bell on Monday, November 2nd 2015. An investor that had 100 shares of Global Payments stock prior to the split would have 200 shares after the split.

Global Payments announced that its Board of Directors has approved a share buyback program on Monday, April 10th 2017, which permits the company to buyback $300,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 2.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its shares are undervalued.

Global Payments Inc. (NYSE:GPN) posted its quarterly earnings data on Thursday, May, 4th. The company reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.10. The company earned $919.76 million during the quarter, compared to analyst estimates of $767.09 million. Global Payments had a net margin of 6.22% and a return on equity of 17.38%. The firm's quarterly revenue was up 46.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.64 EPS. View Global Payments' Earnings History.

Global Payments updated its FY17 earnings guidance on Thursday, May, 4th. The company provided earnings per share (EPS) guidance of $3.78-3.95 for the period, compared to the Thomson Reuters consensus estimate of $3.84. The company issued revenue guidance of $3.38-3.46 billion, compared to the consensus revenue estimate of $3.42 billion.

20 analysts have issued twelve-month target prices for Global Payments' stock. Their forecasts range from $66.00 to $107.25. On average, they expect Global Payments' share price to reach $88.71 in the next year. View Analyst Ratings for Global Payments.

Here are some recent quotes from research analysts about Global Payments stock:

• 1. According to Zacks Investment Research, "Global Payments Inc. is a leading provider of electronic transaction processing services for consumers, merchants, Independent Sales Organizations, financial institutions, government agencies and multi- national corporations located throughout the United States, Canada, Latin America and Europe. Global Payments offers a comprehensive line of processing solutions for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery, as well as terminal management. The company also provides consumer money transfer services from the U.S. and Europe to destinations in Latin America, Morocco, and the Philippines. " (5/10/2017)
• 2. Cantor Fitzgerald analysts commented, "Foresi’s Take. Global Payments reported quarterly top-line results above expectations and raised its 2017 guidance on the outperformance. A strong performance in North America was attributed to strength in U.S. sales, Heartland integration, and a solid performance in Canada. Management noted that legacy and Heartland growth rates were both up 100bps." (5/8/2017)
• 3. Piper Jaffray Companies analysts commented, "We are publishing our updated GPN model following GPN's recent release of its historical quarterly financials for calendar 2016 (GPN recently switched its fiscal-year end from May to December). Our full-year calendar 2017 revenue and EPS estimates remain the same. However, now that we have the calendar 2016 quarterly results for comparison, we adjusted the cadence of our 2017 quarterly estimates to reflect our expectation for greater margin expansion in the 2H17 than the 1H17 (HPY technology migration planned midyear). Also, we factor in greater seasonality and FX headwinds in the 1H17 vs. the 2H17." (3/21/2017)

Some companies that are related to Global Payments include Fiserv (FISV), First Data Corporation (FDC), FleetCor Technologies (FLT), Western Union Company (The) (WU), Worldpay Group PLC (WPG), Euronet Worldwide (EEFT), WEX (WEX), Paysafe Group Plc (PAYS), Qiwi Plc (QIWI), Moneygram International (MGI), Paypoint plc (PAY), Net 1 UEPS Technologies (UEPS), CardConnect Corp. (CCN), SafeCharge International Group Ltd (SCH), Newtek Business Services Corp. (NEWT), Planet Payment (PLPM), Earthport plc (EPO) and Heartland Payment Systems (HPY).

Global Payments' management team includes the folowing people:

• William I. Jacobs, Independent Chairman of the Board
• David E. Mangum, President, Chief Operating Officer
• Jeffrey Steven Sloan, Chief Executive Officer, Director
• Cameron M. Bready CPA, Chief Financial Officer, Senior Executive Vice President
• Jane M. Elliott, Executive Vice President, Chief of Staff
• David M. Sheffield, Senior Vice President, Chief Accounting Officer
• Guido F. Sacchi, Executive Vice President, Chief Information Officer
• David L. Green, Executive Vice President, General Counsel, Corporate Secretary
• Robert H. B. Baldwin Jr., Director
• William B. Plummer, Director

Global Payments' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Wellington Management Group LLP (11.13%), FMR LLC (9.79%), Vanguard Group Inc. (9.70%), BlackRock Inc. (8.89%), Artisan Partners Limited Partnership (4.26%) and State Street Corp (3.93%). Company insiders that own Global Payments stock include Alan M Silberstein, David E Mangum, David Lawrence Green, Gerald J Wilkins, Guido Francesco Sacchi, Jane Marie Elliott, Michael W Trapp, Robert H B Baldwin Jr, Ruth Ann Marshall and William I Jacobs. View Institutional Ownership Trends for Global Payments.

Global Payments' stock was sold by a variety of institutional investors in the last quarter, including UBS Asset Management Americas Inc., American Century Companies Inc., Renaissance Technologies LLC, Massachusetts Financial Services Co. MA, Parametric Portfolio Associates LLC, Morgan Stanley, AQR Capital Management LLC and Artisan Partners Limited Partnership. Company insiders that have sold Global Payments stock in the last year include Alan M Silberstein, David E Mangum, David Lawrence Green, Guido Francesco Sacchi, Michael W Trapp, Robert H B Baldwin Jr, Ruth Ann Marshall and William I Jacobs. View Insider Buying and Selling for Global Payments.

Global Payments' stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., FMR LLC, Pictet Asset Management Ltd., Vanguard Group Inc., Jennison Associates LLC, Rathbone Brothers plc, Honeywell International Inc. and Wedge Capital Management L L P NC. View Insider Buying and Selling for Global Payments.

Shares of Global Payments can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Global Payments stock can currently be purchased for approximately $90.25.