Global Payments Inc. (NYSE:GPN) Director Robert H. B. Baldwin, Jr. sold 4,200 shares of the stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $89.87, for a total transaction of $377,454.00. Following the transaction, the director now owns 195,477 shares in the company, valued at $17,567,517.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Global Payments Inc. (NYSE:GPN) opened at 96.95 on Wednesday. The stock has a market capitalization of $14.78 billion, a PE ratio of 76.28 and a beta of 1.09. The company has a 50-day moving average price of $91.86 and a 200-day moving average price of $84.63. Global Payments Inc. has a 12-month low of $64.63 and a 12-month high of $97.99.
Global Payments (NYSE:GPN) last posted its earnings results on Thursday, August 3rd. The business services provider reported $0.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.07. The business had revenue of $847.90 million during the quarter, compared to the consensus estimate of $837.76 million. Global Payments had a return on equity of 18.32% and a net margin of 6.65%. The business’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.76 EPS. Analysts expect that Global Payments Inc. will post $3.94 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.04%. The ex-dividend date is Thursday, September 14th. Global Payments’s dividend payout ratio is presently 3.07%.
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GPN has been the topic of several recent analyst reports. BMO Capital Markets lifted their price target on shares of Global Payments from $91.00 to $93.00 and gave the company an “outperform” rating in a report on Friday, May 5th. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Global Payments in a report on Monday, May 15th. Stifel Nicolaus reissued a “buy” rating and set a $103.00 price objective on shares of Global Payments in a research report on Friday, August 4th. Royal Bank Of Canada lowered their price objective on Global Payments from $103.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, August 4th. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $97.00 price objective (up previously from $93.00) on shares of Global Payments in a research report on Monday, May 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $93.09.
Institutional investors have recently modified their holdings of the company. Financial Architects Inc increased its position in shares of Global Payments by 14.5% in the first quarter. Financial Architects Inc now owns 1,840 shares of the business services provider’s stock worth $149,000 after buying an additional 233 shares during the period. Morgan Dempsey Capital Management LLC boosted its stake in Global Payments by 86.6% in the first quarter. Morgan Dempsey Capital Management LLC now owns 2,004 shares of the business services provider’s stock worth $162,000 after buying an additional 930 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in Global Payments by 84.8% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,033 shares of the business services provider’s stock worth $164,000 after buying an additional 933 shares in the last quarter. Lakeview Capital Partners LLC purchased a new stake in Global Payments during the second quarter worth $200,000. Finally, Usca Ria LLC purchased a new stake in Global Payments during the second quarter worth $203,000. 98.70% of the stock is owned by institutional investors and hedge funds.
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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