Press coverage about Global Payments (NYSE:GPN) has trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Global Payments earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave headlines about the business services provider an impact score of 46.1698994998003 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Norinchukin Bank The Raises Stake in Global Payments Inc (GPN) (americanbankingnews.com)
- Ontario Teachers Pension Plan Board Acquires New Holdings in Global Payments Inc (GPN) (americanbankingnews.com)
- Global Payments Inc (GPN) Holdings Boosted by UBS Asset Management Americas Inc. (americanbankingnews.com)
- Brown Advisory Inc. Sells 78,938 Shares of Global Payments Inc (GPN) (americanbankingnews.com)
- Systematic Financial Management LP Sells 87,297 Shares of Global Payments Inc (GPN) (americanbankingnews.com)
A number of research firms have weighed in on GPN. Citigroup lifted their price objective on Global Payments from $122.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, February 16th. KeyCorp lifted their price objective on Global Payments from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. SunTrust Banks reiterated a “buy” rating and set a $130.00 price objective on shares of Global Payments in a research note on Friday, February 16th. Barclays lifted their price objective on Global Payments to $128.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. They noted that the move was a valuation call. Finally, BMO Capital Markets reiterated a “buy” rating and set a $135.00 price objective on shares of Global Payments in a research note on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-two have assigned a buy rating to the stock. Global Payments has a consensus rating of “Buy” and a consensus price target of $107.69.
Global Payments (NYSE:GPN) last posted its quarterly earnings data on Thursday, February 15th. The business services provider reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.01. Global Payments had a return on equity of 17.94% and a net margin of 11.78%. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $943.39 million. During the same period in the previous year, the firm posted $0.89 EPS. Global Payments’s revenue was up 11.0% compared to the same quarter last year. equities research analysts anticipate that Global Payments will post 4.82 earnings per share for the current fiscal year.
Global Payments announced that its board has initiated a stock buyback program on Thursday, February 15th that permits the company to repurchase $600.00 million in outstanding shares. This repurchase authorization permits the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend is Thursday, March 15th. Global Payments’s payout ratio is 1.34%.
In related news, Director Alan M. Silberstein sold 600 shares of Global Payments stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $101.55, for a total value of $60,930.00. Following the sale, the director now directly owns 44,893 shares in the company, valued at approximately $4,558,884.15. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last quarter, insiders sold 3,600 shares of company stock worth $378,918. 0.93% of the stock is currently owned by insiders.
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Global Payments Company Profile
Global Payments Inc is a provider of payment technology services. The Company provides payment and digital commerce solutions. The Company operates through three segments: North America, Europe and Asia-Pacific. The Company’s segments primarily provide payment solutions for credit cards, debit cards, electronic payments and check-related services.
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