Global Payments Inc. (NYSE:GPN) Director William I. Jacobs sold 600 shares of the business’s stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $90.52, for a total transaction of $54,312.00. Following the sale, the director now directly owns 41,275 shares of the company’s stock, valued at approximately $3,736,213. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Global Payments Inc. (GPN) traded down 0.35% during midday trading on Friday, reaching $93.31. 930,324 shares of the company’s stock were exchanged. Global Payments Inc. has a 52 week low of $64.63 and a 52 week high of $97.99. The firm has a market capitalization of $14.23 billion, a P/E ratio of 72.39 and a beta of 1.09. The stock’s 50 day moving average is $92.67 and its 200 day moving average is $85.23.
Global Payments (NYSE:GPN) last released its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.07. Global Payments had a return on equity of 18.32% and a net margin of 6.65%. The firm had revenue of $847.90 million during the quarter, compared to analyst estimates of $837.76 million. During the same period in the prior year, the company posted $0.76 earnings per share. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. On average, analysts expect that Global Payments Inc. will post $3.95 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.04 annualized dividend and a yield of 0.04%. Global Payments’s dividend payout ratio is currently 3.07%.
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Hedge funds have recently made changes to their positions in the stock. Point72 Asia Hong Kong Ltd acquired a new stake in shares of Global Payments during the first quarter worth $200,000. Triangle Securities Wealth Management acquired a new stake in shares of Global Payments during the first quarter worth $204,000. Raymond James Trust N.A. raised its stake in shares of Global Payments by 12.6% in the first quarter. Raymond James Trust N.A. now owns 4,240 shares of the business services provider’s stock worth $342,000 after buying an additional 474 shares during the period. IFP Advisors Inc raised its stake in shares of Global Payments by 9.3% in the first quarter. IFP Advisors Inc now owns 6,420 shares of the business services provider’s stock worth $518,000 after buying an additional 545 shares during the period. Finally, Contravisory Investment Management Inc. acquired a new stake in shares of Global Payments during the second quarter worth $246,000. Institutional investors own 98.70% of the company’s stock.
Several brokerages recently issued reports on GPN. Zacks Investment Research cut shares of Global Payments from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $90.00 price objective on shares of Global Payments in a research note on Friday, May 5th. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Global Payments in a research note on Friday, May 5th. Credit Suisse Group upped their price objective on shares of Global Payments from $86.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, May 5th. Finally, BMO Capital Markets boosted their target price on shares of Global Payments from $91.00 to $93.00 and gave the company an “outperform” rating in a report on Friday, May 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have given a buy rating to the stock. Global Payments currently has a consensus rating of “Buy” and an average price target of $94.58.
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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