Global Payments (NYSE:GPN) updated its FY18 earnings guidance on Thursday. The company provided earnings per share guidance of $4.95-5.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.82. The company issued revenue guidance of $3.88-3.97 billion, compared to the consensus revenue estimate of $4.00 billion.
Several research analysts recently issued reports on the stock. Robert W. Baird reiterated a buy rating and issued a $124.00 price target on shares of Global Payments in a research note on Tuesday, January 23rd. Oppenheimer increased their price target on shares of Global Payments from $21.00 to $23.00 and gave the stock an outperform rating in a research note on Friday, January 19th. Nomura increased their price target on shares of Global Payments from $85.00 to $92.00 and gave the stock a reduce rating in a research note on Tuesday. Stephens upgraded shares of Global Payments from an equal weight rating to an overweight rating and set a $122.00 price target for the company in a research note on Tuesday, January 9th. Finally, Morgan Stanley increased their price target on shares of Global Payments from $98.00 to $106.00 and gave the stock an equal weight rating in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twenty-two have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $105.51.
Global Payments (NYSE GPN) traded up $2.05 during trading hours on Thursday, reaching $109.63. 1,180,462 shares of the company’s stock were exchanged, compared to its average volume of 1,075,992. The company has a market cap of $17,004.37, a price-to-earnings ratio of 60.10, a P/E/G ratio of 1.59 and a beta of 1.14. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.14 and a current ratio of 1.14. Global Payments has a 1-year low of $76.47 and a 1-year high of $113.26.
In other news, Director Alan M. Silberstein sold 600 shares of Global Payments stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $100.48, for a total value of $60,288.00. Following the completion of the sale, the director now directly owns 45,493 shares in the company, valued at $4,571,136.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 3,600 shares of company stock valued at $370,602 over the last quarter. Company insiders own 0.93% of the company’s stock.
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About Global Payments
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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