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.

Global Payments Price Performance

NYSE:GPN traded down $0.77 during trading hours on Tuesday, hitting $135.46. The company's stock had a trading volume of 3,749 shares, compared to its average volume of 2,022,342. The stock has a fifty day simple moving average of $118.72 and a 200-day simple moving average of $128.57. The company has a market capitalization of $37.54 billion, a P/E ratio of 756.88, a PEG ratio of 0.92 and a beta of 1.04. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.87 and a quick ratio of 0.87. Global Payments has a twelve month low of $105.52 and a twelve month high of $175.73.

Global Payments (NYSE:GPN - Get Rating) last released its quarterly earnings data 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. 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 analyst estimates of $2.09 billion. During the same period last year, the firm posted $1.92 earnings per share. Global Payments's revenue was up 6.7% compared to the same quarter last year. On average, analysts anticipate that Global Payments will post 9 EPS for the current fiscal year.

Global Payments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, September 15th. Global Payments's payout ratio is 555.59%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on GPN shares. Morgan Stanley increased their price target on Global Payments from $123.00 to $141.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 2nd. Royal Bank of Canada lowered their price objective on Global Payments from $197.00 to $194.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 2nd. Raymond James lowered their price objective on Global Payments from $190.00 to $174.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 2nd. Robert W. Baird increased their price objective 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, Truist Financial increased their price objective on Global Payments from $150.00 to $160.00 and gave the stock a "buy" rating in a research report on Tuesday, August 2nd. Six investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $175.03.

Insider Activity

In other news, EVP David Lawrence Green sold 16,252 shares of Global Payments stock in a transaction dated 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 sale, the executive vice president now directly owns 97,818 shares of the company's stock, valued at $12,726,121.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP David Lawrence Green sold 16,252 shares of Global Payments stock in a transaction that occurred on 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 directly owns 97,818 shares of the company's stock, valued at $12,726,121.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO David M. Sheffield sold 3,500 shares of Global Payments stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 28,737 shares in the company, valued at $3,827,768.40. The disclosure for this sale can be found here. Insiders own 1.19% of the company's stock.