Global Payments Inc. (NYSE:GPN – Get Free Report) announced a quarterly dividend on Thursday, April 30th. Investors 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) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, June 12th.
Global Payments has increased its dividend payment by an average of 0.1%per year over the last three years. Global Payments has a payout ratio of 7.3% indicating that its dividend is sufficiently covered by earnings. Research 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 Performance
GPN opened at $63.86 on Wednesday. The stock has a market cap 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. The stock’s 50 day simple moving average is $69.06 and its 200 day simple moving average is $73.23. Global Payments has a 1-year low of $62.45 and a 1-year high of $90.64.
Analyst Ratings Changes
GPN has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered their target price on Global Payments from $95.00 to $90.00 and set a “neutral” rating on the stock in a report on Thursday, February 12th. Susquehanna set a $111.00 target price on Global Payments and gave the company a “positive” rating in a report on Wednesday, June 3rd. Rothschild & Co Redburn lowered their target price on Global Payments from $70.00 to $60.00 and set a “sell” rating on the stock in a report on Tuesday, May 12th. Citigroup lowered their target price on Global Payments from $110.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Finally, Stephens set a $80.00 target price on Global Payments and gave the company an “equal weight” rating in a report on Thursday, May 7th. Five research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $85.27.
View Our Latest Stock Analysis on GPN
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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