Global Payments Inc (NYSE: GPN) stock lost over 1.2% on November 8th, 2017 (as of 1:02PM EST; Source: Google finance) as investors must be expecting a better third quarter of 2017 results.

On the other hand, the group has delivered the quarter of double-digit organic adjusted net revenue growth, due to the ongoing successful execution of the technology-enabled, software-driven strategy. The company’s integrated and vertical markets and e-commerce and omnichannel solutions businesses, that comprise 40% of the adjusted net revenue gives further opportunities for the growth. Further, GPN is delighted with the pace of revenue cross-sell efforts around the world from the recent acquisitions, that positions the company for future growth and profit.

Global Payments in the third quarter of FY 17 has reported the adjusted earnings per share of $1.15, The company had reported the adjusted revenue growth of 12 percent to $930.4 million in the third quarter of FY 17, while adjusted operating margin has expanded 110 basis points to 31.3% in the third quarter.

Additionally, Global Payments due to the strong third quarter, and to reflect the impacts of the ACTIVE Network transaction, have increased the outlook for 2017. GPN expects full-year earnings to be in the range of $3.94 to $4.02 per share, with revenue is expected to be in the range of $3.51 billion to $3.53 billion. The company has continued to expect adjusted operating margin to increase by as much as 120 basis points.

Global Payments has declared the dividend of $0.01 per share payable December 29th, 2017 to shareholders of record as of December 15th, 2017.

Global Payments stock has risen 47.9% in this year to date (as of 1:02PM EST; Source: Google Finance). As per tipranks.com, GPN has been covered by 15 analysts wherein 12 rates the stock  a Buy, 2 rated Hold, while one analyst gave a sell recommendation. The stock has a limited upside of 4.6%, based on the $107.5 target price.