Global Payments announces $125M accelerated share repurchase The ASR is part of the board authorized program to repurchase up to $300M of the company's common stock. Under the agreement, the company will receive and retire approximately two million shares at the inception of the ASR. The company anticipates that all repurchases under the ASR will be completed no later than May 31.
Global Payments price target raised to $90 from $80 at Oppenheimer Oppenheimer increased its price target on Global Payments as the firm thinks the company could benefit from solid regional trends, various pricing/fee opportunities and aggressive OptBlue participation. Oppenheimer says that Global Payments' fundamentals appear to be strong, while its multiple should rise as its North American margins increase. Oppenheimer keeps an Outperform rating on the shares.