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.
Global Payments Stock Up 0.4 %
Global Payments stock opened at $134.24 on Friday. The firm has a market capitalization of $37.21 billion, a price-to-earnings ratio of 745.82, a price-to-earnings-growth ratio of 0.93 and a beta of 1.04. The firm's fifty day moving average price is $119.23 and its two-hundred day moving average price is $128.55. Global Payments has a 1-year low of $105.52 and a 1-year high of $175.73. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.45.
Global Payments (NYSE:GPN - Get Rating) last announced its quarterly earnings results on Monday, August 1st. The business services provider reported $2.36 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.02. The business had revenue of $2.28 billion for the quarter, compared to analysts' expectations of $2.09 billion. Global Payments had a net margin of 0.87% and a return on equity of 9.24%. The firm's revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.92 EPS. On average, equities research analysts predict that Global Payments will post 9 earnings per share for the current fiscal year.
Global Payments Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Thursday, September 15th. Global Payments's payout ratio is currently 555.59%.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on GPN. Credit Suisse Group cut Global Payments from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from $180.00 to $145.00 in a report on Wednesday, August 3rd. Royal Bank of Canada dropped their price target on shares of Global Payments from $197.00 to $194.00 and set an "outperform" rating for the company in a research note on Tuesday, August 2nd. Truist Financial boosted their price objective on shares of Global Payments from $150.00 to $160.00 and gave the stock a "buy" rating in a research note on Tuesday, August 2nd. Robert W. Baird raised their target price on Global Payments from $144.00 to $156.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 2nd. Finally, Wolfe Research reduced their price target on Global Payments from $200.00 to $160.00 in a research report on Wednesday, July 20th. Six investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $173.29.
Insider Buying and Selling at Global Payments
In other news, CAO David M. Sheffield sold 3,500 shares of the company's stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $133.20, for a total value of $466,200.00. Following the completion of the sale, the chief accounting officer now owns 28,737 shares in the company, valued at approximately $3,827,768.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP David Lawrence Green sold 16,252 shares of the firm's stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $130.10, for a total transaction of $2,114,385.20. Following the completion of the sale, the executive vice president now directly owns 97,818 shares of the company's stock, valued at approximately $12,726,121.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO David M. Sheffield sold 3,500 shares of Global Payments stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $133.20, for a total value of $466,200.00. Following the sale, the chief accounting officer now owns 28,737 shares in the company, valued at $3,827,768.40. The disclosure for this sale can be found here. Company insiders own 1.19% of the company's stock.
