Global Payments Inc (NYSE:GPN) Director Alan M. Silberstein sold 700 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $138.96, for a total value of $97,272.00. Following the completion of the sale, the director now directly owns 40,355 shares of the company’s stock, valued at approximately $5,607,730.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Global Payments stock opened at $138.82 on Wednesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $21.83 billion, a PE ratio of 26.75, a price-to-earnings-growth ratio of 1.46 and a beta of 1.20. Global Payments Inc has a 52 week low of $94.81 and a 52 week high of $139.82.
Global Payments (NYSE:GPN) last posted its quarterly earnings data on Wednesday, February 13th. The business services provider reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.08. Global Payments had a return on equity of 19.11% and a net margin of 13.43%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the company posted $1.07 earnings per share. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. Analysts anticipate that Global Payments Inc will post 5.72 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the stock. Ranger Investment Management L.P. bought a new position in Global Payments during the fourth quarter valued at about $26,000. Legacy Advisors LLC bought a new position in Global Payments during the first quarter valued at about $44,000. JOYN Advisors Inc. increased its stake in Global Payments by 58.7% during the fourth quarter. JOYN Advisors Inc. now owns 346 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 128 shares during the period. Bessemer Group Inc. increased its stake in Global Payments by 35.7% during the fourth quarter. Bessemer Group Inc. now owns 407 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 107 shares during the period. Finally, Private Capital Group LLC increased its stake in Global Payments by 164.1% during the fourth quarter. Private Capital Group LLC now owns 544 shares of the business services provider’s stock valued at $56,000 after acquiring an additional 338 shares during the period. Hedge funds and other institutional investors own 98.80% of the company’s stock.
A number of brokerages have weighed in on GPN. Zacks Investment Research cut Global Payments from a “buy” rating to a “hold” rating in a research report on Tuesday. SunTrust Banks boosted their price target on Global Payments to $155.00 and gave the stock a “buy” rating in a research report on Tuesday. Atlantic Securities cut Global Payments from an “overweight” rating to a “neutral” rating and set a $133.36 price target for the company. in a research report on Thursday, March 21st. Wedbush boosted their price target on Global Payments from $135.00 to $144.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 13th. Finally, Jefferies Financial Group began coverage on Global Payments in a research report on Thursday, February 28th. They issued a “buy” rating and a $150.00 price target for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $135.64.
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Global Payments Company Profile
Global Payments Inc provides payment technology and software solutions for card, electronic, check, and digital-based payments. The company operates in three segments: North America, Europe, and Asia-Pacific. It offers authorization services, settlement and funding services, customer support and help-desk functions, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and statements, and online reporting services.
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