Shares of Global Payments Inc. (NYSE:GPN) hit a new 52-week high during trading on Monday . The company traded as high as $101.73 and last traded at $101.76, with a volume of 407,096 shares. The stock had previously closed at $101.57.
A number of analysts have recently commented on GPN shares. Robert W. Baird upped their target price on Global Payments from $106.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, September 28th. Nomura restated a “sell” rating and issued a $83.00 target price on shares of Global Payments in a research note on Monday, October 16th. J P Morgan Chase & Co upped their target price on Global Payments from $106.00 to $107.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 12th. Credit Suisse Group restated an “outperform” rating on shares of Global Payments in a research note on Tuesday, September 5th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $90.00 price target on shares of Global Payments in a research report on Friday, July 7th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. Global Payments presently has an average rating of “Buy” and a consensus target price of $100.32.
The company has a market capitalization of $15.54 billion, a PE ratio of 79.04 and a beta of 1.11. The company’s 50 day moving average is $97.12 and its 200-day moving average is $91.98.
Global Payments (NYSE:GPN) last posted its earnings results on Thursday, August 3rd. The business services provider reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $837.76 million. During the same quarter in the prior year, the company earned $0.76 EPS. Global Payments’s revenue was up 18.4% on a year-over-year basis. Equities analysts forecast that Global Payments Inc. will post $3.95 EPS for the current year.
In related news, Director Alan M. Silberstein sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $97.69, for a total value of $58,614.00. Following the sale, the director now owns 46,093 shares of the company’s stock, valued at approximately $4,502,825.17. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert H. B. Baldwin, Jr. sold 26,000 shares of the company’s stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $99.82, for a total value of $2,595,320.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 153,549 shares of company stock worth $14,698,521. 0.93% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of GPN. Sun Life Financial INC lifted its stake in 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 valued at $100,000 after buying an additional 1,101 shares in the last quarter. Thompson Davis & CO. Inc. raised its holdings in 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 valued at $108,000 after acquiring an additional 10 shares during the last quarter. Intellectus Partners LLC acquired a new position in Global Payments in the 2nd quarter valued at $128,000. Commonwealth Bank of Australia raised its holdings in 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 valued at $131,000 after acquiring an additional 176 shares during the last quarter. Finally, Stephens Inc. AR acquired a new position in Global Payments in the 2nd quarter valued at $143,000. 97.95% of the stock is currently owned by hedge funds and other institutional investors.
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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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