Global Payments (NYSE:GPN) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Global Payments (NYSE:GPN) from a hold rating to a buy rating in a research report report published on Tuesday morning.

A number of other analysts have also commented on the company. TD Cowen dropped their price target on Global Payments from $125.00 to $122.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. Oppenheimer assumed coverage on Global Payments in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. KeyCorp dropped their price target on Global Payments from $145.00 to $135.00 and set an “overweight” rating for the company in a research note on Wednesday, September 25th. BTIG Research lowered Global Payments from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 25th. Finally, BMO Capital Markets lowered their price objective on Global Payments from $126.00 to $122.00 and set a “market perform” rating for the company in a research report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $136.50.

Global Payments Stock Performance

Shares of GPN stock opened at $116.36 on Tuesday. The stock has a fifty day moving average of $104.69 and a 200 day moving average of $103.40. Global Payments has a 52 week low of $91.60 and a 52 week high of $141.77. The firm has a market capitalization of $29.61 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 0.85 and a beta of 0.97. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65.

Global Payments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.00 annualized dividend and a yield of 0.86%. Global Payments’s payout ratio is 18.83%.

Institutional Investors Weigh In On Global Payments

Large investors have recently made changes to their positions in the company. Cromwell Holdings LLC bought a new stake in shares of Global Payments during the 3rd quarter valued at about $25,000. New Covenant Trust Company N.A. bought a new stake in shares of Global Payments during the 1st quarter valued at about $31,000. LRI Investments LLC bought a new stake in shares of Global Payments during the 1st quarter valued at about $32,000. POM Investment Strategies LLC bought a new stake in shares of Global Payments during the 2nd quarter valued at about $32,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Global Payments during the 3rd quarter valued at about $33,000. 89.76% of the stock is currently owned by institutional investors.

Global Payments 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 two segments, Merchant Solutions and Issuer 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.