Global Payments Inc. (NYSE:GPN) Director Robert H. B. Baldwin, Jr. sold 8,200 shares of the stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $97.61, for a total value of $800,402.00. Following the sale, the director now directly owns 172,497 shares in the company, valued at $16,837,432.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Global Payments Inc. (GPN) traded up 0.55% on Friday, hitting $97.56. The stock had a trading volume of 1,334,096 shares. The company has a market cap of $14.88 billion, a P/E ratio of 75.69 and a beta of 1.11. The firm’s 50-day moving average is $95.16 and its 200-day moving average is $88.00. Global Payments Inc. has a 52-week low of $64.63 and a 52-week high of $98.14.
Global Payments (NYSE:GPN) last announced its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.07. The business had revenue of $847.90 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the firm earned $0.76 earnings per share. Equities research analysts anticipate that Global Payments Inc. will post $3.95 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date of this dividend is Thursday, September 14th. Global Payments’s dividend payout ratio is presently 3.07%.
A number of institutional investors have recently bought and sold shares of the business. Lord Abbett & CO. LLC raised its stake in Global Payments by 50.0% in the second quarter. Lord Abbett & CO. LLC now owns 420,429 shares of the business services provider’s stock valued at $37,973,000 after buying an additional 140,109 shares in the last quarter. Toronto Dominion Bank increased its position in shares of Global Payments by 25.7% during the second quarter. Toronto Dominion Bank now owns 51,654 shares of the business services provider’s stock worth $4,665,000 after purchasing an additional 10,551 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its position in shares of Global Payments by 9.4% during the second quarter. Dynamic Technology Lab Private Ltd now owns 3,283 shares of the business services provider’s stock worth $297,000 after purchasing an additional 283 shares in the last quarter. Sterling Capital Management LLC increased its position in shares of Global Payments by 3.1% during the second quarter. Sterling Capital Management LLC now owns 120,209 shares of the business services provider’s stock worth $10,857,000 after purchasing an additional 3,621 shares in the last quarter. Finally, Ameritas Investment Partners Inc. increased its position in shares of Global Payments by 0.4% during the second quarter. Ameritas Investment Partners Inc. now owns 17,368 shares of the business services provider’s stock worth $1,567,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 97.87% of the company’s stock.
GPN has been the topic of several recent analyst reports. Stifel Nicolaus initiated coverage on Global Payments in a research report on Thursday, June 1st. They set a “buy” rating and a $102.00 price objective on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $90.00 target price on shares of Global Payments in a report on Friday, July 7th. Zacks Investment Research raised Global Payments from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a report on Thursday, July 6th. Mizuho initiated coverage on Global Payments in a report on Tuesday, June 27th. They issued a “buy” rating and a $105.00 target price on the stock. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $100.00 target price on shares of Global Payments in a report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-one have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $97.34.
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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