Headlines about Global Payments (NYSE:GPN) have trended somewhat negative this week, according to InfoTrie. The research firm ranks the sentiment of press coverage by monitoring more than 6,000 blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Global Payments earned a media sentiment score of -1.00 on their scale. InfoTrie also assigned news stories about the business services provider an news buzz score of 0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company’s share price in the immediate future.
These are some of the media headlines that may have effected Global Payments’ analysis:
A number of equities analysts recently issued reports on the company. Raymond James raised Global Payments from a “market perform” rating to an “outperform” rating and set a $210.00 price objective for the company in a report on Monday, January 6th. JPMorgan Chase & Co. set a $203.00 price objective on Global Payments and gave the stock a “buy” rating in a report on Friday, November 1st. Deutsche Bank increased their price objective on Global Payments from $182.00 to $230.00 and gave the stock a “buy” rating in a report on Monday. BMO Capital Markets increased their price objective on Global Payments from $162.00 to $186.00 and gave the stock a “market perform” rating in a report on Monday, November 4th. They noted that the move was a valuation call. Finally, William Blair restated an “outperform” rating on shares of Global Payments in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $194.23.
Shares of GPN stock opened at $198.03 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.32. Global Payments has a 1 year low of $110.69 and a 1 year high of $202.58. The firm’s fifty day moving average price is $187.71 and its two-hundred day moving average price is $171.49. The firm has a market capitalization of $59.74 billion, a P/E ratio of 79.53, a PEG ratio of 1.51 and a beta of 0.95.
Global Payments (NYSE:GPN) last issued its quarterly earnings results on Thursday, October 31st. The business services provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.03. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.16 billion. Global Payments had a net margin of 10.59% and a return on equity of 9.05%. The company’s revenue was up 27.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.44 EPS. As a group, equities research analysts forecast that Global Payments will post 5.82 EPS for the current fiscal year.
In related news, Director Kriss Cloninger III sold 7,877 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $169.15, for a total value of $1,332,394.55. Following the transaction, the director now owns 26,155 shares in the company, valued at approximately $4,424,118.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Joia M. Johnson purchased 560 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was bought at an average price of $178.45 per share, for a total transaction of $99,932.00. Following the purchase, the director now owns 2,347 shares in the company, valued at approximately $418,822.15. The disclosure for this purchase can be found here. Insiders have sold a total of 9,677 shares of company stock worth $1,660,457 over the last 90 days. 0.88% of the stock is owned by company insiders.
Global Payments Company Profile
Global Payments Inc provides payment technology and software solutions for card, electronic, check, and digital-based payments. The company operates in three segments: North America, Europe, and Asia-Pacific. It 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 online reporting services.
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