News stories about Global Payments (NYSE:GPN) have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Global Payments earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned headlines about the business services provider an impact score of 45.7402100950479 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Opening Bell, April 17, 2018 (finance.yahoo.com)
- Global Payments (GPN) Downgraded by Zacks Investment Research to Hold (americanbankingnews.com)
- Online Merchants Look to Instant Financing to Boost Sales (cpapracticeadvisor.com)
- StayNTouch Partners With 3C Payment to Expand Payment Options for Hotels Using Rover PMS™ (hotelnewsresource.com)
- Chamber of Digital Commerce Welcomes Discover Financial Services to Its Executive Committee (nasdaq.com)
Several research firms recently issued reports on GPN. Zacks Investment Research lowered shares of Global Payments from a “buy” rating to a “hold” rating in a research note on Tuesday. Nomura lifted their price objective on shares of Global Payments from $85.00 to $92.00 and gave the company a “reduce” rating in a research note on Tuesday, February 13th. Cowen reaffirmed a “buy” rating and issued a $127.00 price objective on shares of Global Payments in a research note on Thursday, March 1st. Oppenheimer lifted their price objective on shares of Global Payments from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, January 19th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $130.00 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, four have assigned a hold rating and twenty-two have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $110.08.
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 consensus estimate of $1.06 by $0.01. Global Payments had a net margin of 11.78% and a return on equity of 17.94%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $943.39 million. During the same quarter in the previous year, the firm posted $0.89 EPS. The business’s revenue was up 11.0% compared to the same quarter last year. equities analysts predict that Global Payments will post 4.85 EPS for the current year.
Global Payments declared that its board has initiated a stock repurchase program on Thursday, February 15th that authorizes the company to buyback $600.00 million in outstanding shares. This buyback authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 16th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, March 15th. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. Global Payments’s payout ratio is 1.00%.
In other news, Director Alan M. Silberstein sold 5,300 shares of Global Payments stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $118.20, for a total transaction of $626,460.00. Following the sale, the director now directly owns 46,497 shares in the company, valued at approximately $5,495,945.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William I. Jacobs sold 600 shares of Global Payments stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $105.54, for a total transaction of $63,324.00. Following the sale, the director now owns 37,075 shares in the company, valued at $3,912,895.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,200 shares of company stock worth $1,656,065. Insiders own 0.98% of the company’s stock.
Global Payments Company Profile
Global Payments Inc provides payment technology and software solutions for credit cards, debit cards, electronic payments, and check-related services. 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, online reporting, industry compliance, and payment card industry security services.
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