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.
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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.
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