Global Payments Inc. (GPN) Hits New 52-Week High at $101.73

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.

ILLEGAL ACTIVITY NOTICE: “Global Payments Inc. (GPN) Hits New 52-Week High at $101.73” was reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this story on another website, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this story can be viewed at https://www.com-unik.info/2017/10/30/global-payments-inc-gpn-hits-new-52-week-high-at-101-73.html.

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.

What are top analysts saying about Global Payments Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Global Payments Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit