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 Down 0.1 %
NYSE:GPN opened at $136.15 on Wednesday. The stock has a 50-day simple moving average of $118.87 and a 200 day simple moving average of $128.62. Global Payments has a 52-week low of $105.52 and a 52-week high of $175.73. The company has a market cap of $37.74 billion, a PE ratio of 756.43, a PEG ratio of 0.93 and a beta of 1.04. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.87 and a current ratio of 0.87.
Global Payments (NYSE:GPN - Get Rating) last released its earnings results on Monday, August 1st. The business services provider reported $2.36 earnings per share for the quarter, beating analysts' consensus estimates of $2.34 by $0.02. Global Payments had a net margin of 0.87% and a return on equity of 9.24%. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter last year, the firm earned $1.92 earnings per share. The firm's revenue for the quarter was up 6.7% compared to the same quarter last year. On average, sell-side analysts expect that Global Payments will post 9 EPS 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. Shareholders of record on Friday, September 16th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.73%. Global Payments's dividend payout ratio is 555.59%.
Analyst Upgrades and Downgrades
GPN has been the subject of several recent research reports. Wolfe Research dropped their price target on shares of Global Payments from $200.00 to $160.00 in a research report on Wednesday, July 20th. Robert W. Baird upped their price target on Global Payments from $144.00 to $156.00 and gave the company an "outperform" rating in a research report on Tuesday, August 2nd. Morgan Stanley raised their price target on Global Payments from $123.00 to $141.00 and gave the company an "equal weight" rating in a report on Tuesday, August 2nd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Global Payments from $222.00 to $188.00 and set a "buy" rating for the company in a report on Tuesday, August 2nd. Finally, Barclays decreased their price objective on Global Payments from $182.00 to $160.00 in a research report on Tuesday, May 3rd. Six analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $175.03.
Insiders Place Their Bets
In related news, CAO David M. Sheffield sold 3,500 shares of the business's stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $133.20, for a total transaction of $466,200.00. Following the transaction, the chief accounting officer now directly owns 28,737 shares in the company, valued at $3,827,768.40. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CAO David M. Sheffield sold 3,500 shares of Global Payments stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $133.20, for a total transaction of $466,200.00. Following the completion of the transaction, the chief accounting officer now owns 28,737 shares in the company, valued at $3,827,768.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David Lawrence Green sold 16,252 shares of the company's stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $130.10, for a total value of $2,114,385.20. Following the completion of the sale, the executive vice president now owns 97,818 shares in the company, valued at approximately $12,726,121.80. The disclosure for this sale can be found here. Insiders own 1.19% of the company's stock.
