Alan M. Silberstein Sells 600 Shares of Global Payments Inc (GPN) Stock

Global Payments Inc (NYSE:GPN) Director Alan M. Silberstein sold 600 shares of Global Payments stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $106.05, for a total value of $63,630.00. Following the completion of the sale, the director now owns 44,293 shares of the company’s stock, valued at $4,697,272.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of Global Payments Inc (GPN) traded up $0.38 during trading on Thursday, reaching $106.18. 642,029 shares of the company’s stock were exchanged, compared to its average volume of 1,012,533. The company has a market capitalization of $16,910.00, a P/E ratio of 60.33, a PEG ratio of 1.62 and a beta of 1.11. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.14 and a quick ratio of 1.14. Global Payments Inc has a fifty-two week low of $75.88 and a fifty-two week high of $106.78.

Global Payments (NYSE:GPN) last announced its earnings results on Wednesday, November 8th. The business services provider reported $1.15 EPS for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.12. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $917.31 million. Global Payments had a net margin of 7.14% and a return on equity of 18.50%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 earnings per share. equities research analysts predict that Global Payments Inc will post 3.81 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were issued a $0.01 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. Global Payments’s dividend payout ratio is presently 2.27%.

Institutional investors have recently made changes to their positions in the business. Sun Life Financial INC grew its stake in shares of Global Payments by 15,728.6% during the second quarter. Sun Life Financial INC now owns 1,108 shares of the business services provider’s stock worth $100,000 after acquiring an additional 1,101 shares during the last quarter. Intellectus Partners LLC purchased a new stake in shares of Global Payments during the second quarter worth about $128,000. Commonwealth Bank of Australia grew its stake in shares of Global Payments by 13.6% during the second quarter. Commonwealth Bank of Australia now owns 1,466 shares of the business services provider’s stock worth $131,000 after acquiring an additional 176 shares during the last quarter. Stephens Inc. AR purchased a new stake in shares of Global Payments during the second quarter worth about $143,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Global Payments by 28.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,819 shares of the business services provider’s stock worth $164,000 after acquiring an additional 400 shares during the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.

GPN has been the subject of several recent research reports. Stephens upgraded Global Payments from an “equal weight” rating to an “overweight” rating and set a $122.00 price objective for the company in a report on Tuesday, January 9th. Piper Jaffray Companies lifted their price objective on Global Payments to $105.00 and gave the company a “neutral” rating in a report on Wednesday, November 8th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $122.00 price objective on shares of Global Payments in a report on Friday, December 22nd. Robert W. Baird lifted their price objective on Global Payments from $106.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, September 28th. Finally, Nomura restated a “sell” rating and issued a $83.00 price objective on shares of Global Payments in a report on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-one have assigned a buy rating to the stock. Global Payments currently has a consensus rating of “Buy” and an average price target of $107.79.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this news story on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The legal version of this news story can be viewed at https://ledgergazette.com/2018/01/18/alan-m-silberstein-sells-600-shares-of-global-payments-inc-gpn-stock.html.

Global Payments Company Profile

Global Payments Inc is a provider of payment technology services. The Company provides payment and digital commerce solutions. The Company operates through three segments: North America, Europe and Asia-Pacific. The Company’s segments primarily provide payment solutions for credit cards, debit cards, electronic payments and check-related services.

Insider Buying and Selling by Quarter for Global Payments (NYSE:GPN)

Receive News & Ratings for Global Payments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Payments and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply