The price of Global Payments Inc. (NYSE:GPN) shares last traded on Wall Street rose 1.67% to $103.66.
Based on available information, 36 analysts follow Global Payments Inc. (NYSE:GPN). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $208.00 and a low of $89.00, we find $135.00. Given the previous closing price of $101.96, this indicates a potential upside of 32.4 percent. GPN stock price is now -0.11% away from the 50-day moving average and -6.03% away from the 200-day moving average. The market capitalization of the company currently stands at $27.72B.
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Among analysts, 7 rate the stock a hold while 23 rate it a buy. Brokers who have rated the stock have averaged $137.29 as their price target over the next twelve months.
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In other news, SHEFFIELD DAVID M, Chief Accounting Officer sold 1,562 shares of the company’s stock on Feb 27. The stock was sold for $176,631 at an average price of $113.08. Upon completion of the transaction, the Chief Accounting Officer now directly owns 28,032 shares in the company, valued at $2.91 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 12, Director BALDWIN ROBERT H B JR bought 3,400 shares of the business’s stock. A total of $335,308 was incurred on buying the stock at an average price of $98.62. This leaves the insider owning 38,940 shares of the company worth $4.04 million. Insiders disposed of 178,170 shares of company stock worth roughly $18.47 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GPN stock. A new stake in Global Payments Inc. shares was purchased by PERPETUAL LTD during the first quarter worth $96,118,000. JUNTO CAPITAL MANAGEMENT LP invested $38,673,000 in shares of GPN during the first quarter. In the first quarter, HRT FINANCIAL LP acquired a new stake in Global Payments Inc. valued at approximately $35,346,000. GILLSON CAPITAL LP acquired a new stake in GPN for approximately $27,972,000. ADAGE CAPITAL PARTNERS GP, L.L.C. purchased a new stake in GPN valued at around $25,766,000 in the second quarter. In total, there are 1,175 active investors with 90.80% ownership of the company’s stock.
A candlestick chart of Global Payments Inc. (NYSE: GPN) showed a price of $101.94 on Monday morning. During the past 12 months, Global Payments Inc. has had a low of $92.27 and a high of $136.88. As of last week, the company has a debt-to-equity ratio of 0.82, a current ratio of 0.90, and a quick ratio of 0.90. The fifty day moving average price for GPN is $103.85 and a two-hundred day moving average price translates $110.18 for the stock.
The latest earnings results from Global Payments Inc. (NYSE: GPN) was released for Mar, 2023. According to the Specialty Business Services Company, earnings per share came in at $2.4, beating analysts’ expectations of $2.3 by 0.1. This compares to $0.88 EPS in the same period last year. The net profit margin was -1.60% and return on equity was -0.60% for GPN. The company reported revenue of $2.29 billion for the quarter, compared to $2.16 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.32 percent. For the current quarter, analysts expect GPN to generate $2.19B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/30/2023. Investors who held shares on 06/15/2023 were paid a $0.25 dividend. On an annualized basis, this represents a $1.00 dividend and a 0.96% percent yield. There was an ex-dividend date of 06/14/2023 for this dividend. In terms of dividend payout ratio, GPN is presently at 245.71%.
Global Payments Inc.(GPN) Company Profile
Global Payments Inc. provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Merchant Solutions, Issuer Solutions, and Consumer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and 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 solutions and services, such as point-of-sale software, analytics and customer engagement, human capital management, and payroll. The Issuer Solutions segment offers solutions that enable financial institutions and retailers to manage their card portfolios through a platform; and commercial payments, and account payables and electronic payment alternatives solutions for businesses and governments. The 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 and other brands. 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.
