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 $118.50 from $110 at Citigroup Citigroup raised its price target for Global Payments to $118.50 saying the company's operating leverage recovery story remains in the "early innings." Citi keeps a Buy rating on the stock after meeting with management.