Global Payments Inc. (NYSE:GPN) Director Alan M. Silberstein sold 600 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $97.70, for a total value of $58,620.00. Following the completion of the transaction, the director now owns 46,693 shares of the company’s stock, valued at $4,561,906.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Global Payments Inc. (GPN) traded down 0.48% during mid-day trading on Wednesday, reaching $95.62. The company’s stock had a trading volume of 1,056,303 shares. The company has a market capitalization of $14.58 billion, a price-to-earnings ratio of 74.18 and a beta of 1.11. Global Payments Inc. has a 1-year low of $64.63 and a 1-year high of $98.14. The company’s 50 day moving average price is $95.36 and its 200-day moving average price is $88.50.
Global Payments (NYSE:GPN) last issued its earnings results on Thursday, August 3rd. The business services provider reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.07. The business had revenue of $847.90 million during the quarter, compared to the consensus estimate of $837.76 million. Global Payments had a return on equity of 18.32% and a net margin of 6.65%. The company’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 EPS. Analysts predict that Global Payments Inc. will post $3.95 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date is Thursday, September 14th. Global Payments’s dividend payout ratio (DPR) is 2.45%.
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GPN has been the subject of several research analyst reports. J P Morgan Chase & Co raised their price objective on Global Payments from $106.00 to $107.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 12th. Royal Bank Of Canada restated a “buy” rating and issued a $90.00 price objective on shares of Global Payments in a research note on Friday, July 7th. Zacks Investment Research upgraded Global Payments from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a research note on Thursday, July 6th. BidaskClub cut Global Payments from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th. Finally, Credit Suisse Group restated an “outperform” rating on shares of Global Payments in a research note on Tuesday, September 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $97.75.
Several hedge funds have recently modified their holdings of the company. Sun Life Financial INC grew its holdings in shares of Global Payments by 15,728.6% in the 2nd 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 period. Thompson Davis & CO. Inc. grew its holdings in shares of Global Payments by 0.8% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 1,197 shares of the business services provider’s stock worth $108,000 after acquiring an additional 10 shares during the period. Intellectus Partners LLC acquired a new stake in shares of Global Payments in the 2nd quarter worth approximately $128,000. Commonwealth Bank of Australia grew its holdings in shares of Global Payments by 13.6% in the 2nd 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 period. Finally, Stephens Inc. AR acquired a new stake in shares of Global Payments in the 2nd quarter worth approximately $143,000. 97.84% of the stock is owned by institutional investors and hedge funds.
About Global Payments
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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