Global Payments Inc. (NYSE:GPN – Get Free Report) declared a quarterly dividend on Thursday, April 30th. Stockholders of record on Friday, June 12th will be given a dividend of 0.25 per share by the business services provider on Friday, June 26th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, June 12th.
Global Payments has raised its dividend by an average of 0.1%annually over the last three years. Global Payments has a dividend payout ratio of 7.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Global Payments to earn $16.48 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 6.1%.
Global Payments Stock Down 1.0%
GPN stock opened at $63.86 on Wednesday. The stock has a market capitalization of $17.47 billion, a P/E ratio of -31.30, a P/E/G ratio of 0.36 and a beta of 0.76. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.79 and a quick ratio of 0.79. Global Payments has a 1-year low of $62.45 and a 1-year high of $90.64. The business has a fifty day moving average price of $69.06 and a 200-day moving average price of $73.23.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. The Goldman Sachs Group assumed coverage on Global Payments in a research report on Monday, March 9th. They set a “hold” rating and a $88.00 price objective for the company. Wells Fargo & Company upped their price objective on Global Payments from $103.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Rothschild & Co Redburn reduced their price objective on Global Payments from $70.00 to $60.00 and set a “sell” rating for the company in a research report on Tuesday, May 12th. Keefe, Bruyette & Woods reduced their price objective on Global Payments from $90.00 to $76.00 and set a “market perform” rating for the company in a research note on Tuesday, April 7th. Finally, Wall Street Zen lowered Global Payments from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Five research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $85.27.
Read Our Latest Research Report on Global Payments
Global Payments Company Profile
Global Payments Inc (NYSE: GPN) is a worldwide provider of payment technology and software solutions that enables commerce for merchants, issuers and enterprises. The company develops and operates payment processing networks, point-of-sale systems and cloud-based software that facilitate electronic transactions across in-store, online and mobile channels. Its services span merchant acquiring, payment gateway services, omnichannel commerce platforms, and solutions for recurring and subscription billing.
Global Payments offers a range of products and services including integrated payment terminals and point-of-sale software, e-commerce and gateway technologies, fraud prevention and tokenization tools, and business analytics and reporting.
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