Global Payments (GPN) Director William I. Jacobs Sells 600 Shares

Global Payments (NYSE:GPN) Director William I. Jacobs sold 600 shares of the business’s stock in a transaction that occurred on Friday, April 13th. The shares were sold at an average price of $110.00, for a total value of $66,000.00. Following the completion of the sale, the director now owns 35,875 shares of the company’s stock, valued at approximately $3,946,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

GPN traded up $0.37 during trading on Friday, reaching $109.93. The stock had a trading volume of 1,090,883 shares, compared to its average volume of 1,089,496. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.15. The company has a market cap of $17,305.68, a price-to-earnings ratio of 27.41, a price-to-earnings-growth ratio of 1.42 and a beta of 1.11. Global Payments has a one year low of $77.64 and a one year high of $118.94.

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Global Payments (NYSE:GPN) last posted its quarterly earnings data on Thursday, February 15th. The business services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $943.39 million. Global Payments had a return on equity of 17.94% and a net margin of 11.78%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.89 earnings per share. analysts predict that Global Payments will post 4.85 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Friday, March 16th were issued a $0.01 dividend. The ex-dividend date was Thursday, March 15th. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. Global Payments’s dividend payout ratio (DPR) is 1.00%.

Global Payments declared that its board has initiated a share repurchase program on Thursday, February 15th that permits the company to repurchase $600.00 million in shares. This repurchase authorization permits the business services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Several analysts have weighed in on the company. Stephens reiterated a “buy” rating and issued a $125.00 price objective on shares of Global Payments in a research report on Tuesday, February 27th. KeyCorp boosted their price objective on Global Payments from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Citigroup boosted their price objective on Global Payments from $122.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, February 16th. SunTrust Banks reiterated a “buy” rating and issued a $130.00 price objective on shares of Global Payments in a research report on Friday, February 16th. Finally, Deutsche Bank boosted their price objective on Global Payments and gave the company a “buy” rating in a research report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-two have issued a buy rating to the company. Global Payments currently has a consensus rating of “Buy” and an average price target of $110.08.

Institutional investors and hedge funds have recently bought and sold shares of the business. Chevy Chase Trust Holdings Inc. raised its holdings in Global Payments by 3.7% in the fourth quarter. Chevy Chase Trust Holdings Inc. now owns 138,142 shares of the business services provider’s stock worth $13,847,000 after purchasing an additional 4,870 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Global Payments by 70.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 113,125 shares of the business services provider’s stock worth $11,339,000 after purchasing an additional 46,813 shares in the last quarter. Norinchukin Bank The raised its holdings in Global Payments by 12.1% in the fourth quarter. Norinchukin Bank The now owns 12,723 shares of the business services provider’s stock worth $1,275,000 after purchasing an additional 1,373 shares in the last quarter. Westpac Banking Corp raised its holdings in Global Payments by 20.4% in the fourth quarter. Westpac Banking Corp now owns 21,228 shares of the business services provider’s stock worth $2,128,000 after purchasing an additional 3,600 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado raised its holdings in Global Payments by 3.3% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 30,607 shares of the business services provider’s stock worth $3,068,000 after purchasing an additional 968 shares in the last quarter. Institutional investors and hedge funds own 96.74% of the company’s stock.

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About Global Payments

Global Payments Inc provides payment technology and software solutions for credit cards, debit cards, electronic payments, and check-related services. It offers authorization services, settlement and funding services, customer support and help-desk functions, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and statements, online reporting, industry compliance, and payment card industry security services.

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

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