William I. Jacobs Sells 10,181 Shares of Global Payments Inc (GPN) Stock

Global Payments Inc (NYSE:GPN) Director William I. Jacobs sold 10,181 shares of the firm’s stock in a transaction dated Thursday, June 14th. The stock was sold at an average price of $119.06, for a total value of $1,212,149.86. Following the completion of the sale, the director now directly owns 37,000 shares in the company, valued at $4,405,220. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of NYSE:GPN traded down $0.73 during mid-day trading on Thursday, hitting $117.75. 971,400 shares of the company traded hands, compared to its average volume of 1,051,697. The company has a market cap of $18.64 billion, a P/E ratio of 29.36, a PEG ratio of 1.40 and a beta of 1.11. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.06 and a current ratio of 1.06. Global Payments Inc has a 52-week low of $87.86 and a 52-week high of $119.69.

Global Payments (NYSE:GPN) last announced its earnings results on Thursday, May 3rd. The business services provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.10 by $0.03. The business had revenue of $924.30 million for the quarter, compared to the consensus estimate of $914.06 million. Global Payments had a return on equity of 17.66% and a net margin of 13.27%. The company’s revenue was up 17.3% on a year-over-year basis. During the same period last year, the business posted $0.85 EPS. analysts predict that Global Payments Inc will post 4.87 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be issued a dividend of $0.01 per share. The ex-dividend date is Thursday, June 14th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. Global Payments’s payout ratio is currently 1.00%.

Global Payments announced that its Board of Directors has approved a stock repurchase plan on Thursday, February 15th that authorizes the company to buyback $600.00 million in outstanding shares. This buyback authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

GPN has been the topic of a number of research analyst reports. Barclays raised their price target on Global Payments to $128.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. They noted that the move was a valuation call. BMO Capital Markets reissued a “buy” rating and issued a $135.00 price target on shares of Global Payments in a research note on Friday, February 16th. Deutsche Bank raised their price target on Global Payments and gave the stock a “buy” rating in a research note on Friday, February 16th. SunTrust Banks reissued a “buy” rating and issued a $130.00 price target on shares of Global Payments in a research note on Friday, February 16th. Finally, KeyCorp raised their price target on Global Payments from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $112.42.

Large investors have recently made changes to their positions in the stock. Norinchukin Bank The raised its holdings in shares of Global Payments by 12.1% during the 4th quarter. Norinchukin Bank The now owns 12,723 shares of the business services provider’s stock valued at $1,275,000 after buying an additional 1,373 shares during the period. Toronto Dominion Bank raised its holdings in shares of Global Payments by 17.8% during the 4th quarter. Toronto Dominion Bank now owns 68,158 shares of the business services provider’s stock valued at $6,832,000 after buying an additional 10,316 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Global Payments by 32.6% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,494 shares of the business services provider’s stock valued at $350,000 after buying an additional 859 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Global Payments by 16.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 26,499 shares of the business services provider’s stock valued at $2,657,000 after buying an additional 3,792 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Global Payments by 5.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,552,480 shares of the business services provider’s stock valued at $255,861,000 after buying an additional 137,628 shares during the period. Institutional investors and hedge funds own 96.28% of the company’s stock.

About Global Payments

Global Payments Inc provides payment technology and software solutions for credit cards, debit cards, electronic payments, and check-related services. 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, online reporting, industry compliance, and payment card industry security services.

Insider Buying and Selling by Quarter for Global Payments (NYSE:GPN)

Receive News & Ratings for Global Payments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Payments and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Ruptured Biceps Tendon Ends Miguel Cabrera’s Season
Ruptured Biceps Tendon Ends Miguel Cabrera’s Season
Dodgers Getting Big Unexpected Lift from Three Players
Dodgers Getting Big Unexpected Lift from Three Players
What does legal betting mean for the baseball industry?
What does legal betting mean for the baseball industry?
Dodgers Use Nine Pitchers in Nine-Inning Game
Dodgers Use Nine Pitchers in Nine-Inning Game
Max Scherzer Throws Second Career Immaculate Inning
Max Scherzer Throws Second Career Immaculate Inning
Phillies Swept and Jake Arrieta Upset
Phillies Swept and Jake Arrieta Upset


Leave a Reply

 
© 2006-2018 BBNS.