Global Payments Inc (GPN) Director Sells $68,604.00 in Stock

Global Payments Inc (NYSE:GPN) Director Alan M. Silberstein sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $114.34, for a total transaction of $68,604.00. Following the transaction, the director now owns 43,693 shares in the company, valued at approximately $4,995,857.62. The sale was disclosed in a filing with the SEC, which is available at this link.

Global Payments Inc (NYSE GPN) traded up $2.44 during mid-day trading on Friday, reaching $114.46. 1,061,841 shares of the company traded hands, compared to its average volume of 1,180,995. The firm has a market capitalization of $17,831.38, a price-to-earnings ratio of 38.41, a PEG ratio of 1.47 and a beta of 1.14. The company has a current ratio of 1.13, a quick ratio of 1.14 and a debt-to-equity ratio of 1.15. Global Payments Inc has a 52 week low of $76.47 and a 52 week high of $115.24.

Global Payments (NYSE:GPN) last released its quarterly earnings results on Thursday, February 15th. The business services provider reported $1.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.01. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $943.39 million. Global Payments had a net margin of 11.78% and a return on equity of 17.94%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the business earned $0.89 earnings per share. research analysts predict that Global Payments Inc will post 4.82 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.04 annualized dividend and a yield of 0.03%. Global Payments’s dividend payout ratio is presently 1.34%.

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

A number of brokerages have issued reports on GPN. KeyCorp restated a “buy” rating and set a $110.00 price target on shares of Global Payments in a research note on Friday, October 27th. Deutsche Bank upped their price target on shares of Global Payments and gave the company a “buy” rating in a research note on Friday, February 16th. Keefe, Bruyette & Woods restated a “buy” rating and set a $122.00 price target on shares of Global Payments in a research note on Friday, December 22nd. SunTrust Banks reiterated a “buy” rating and issued a $120.00 price objective on shares of Global Payments in a research note on Friday, November 10th. Finally, Citigroup reiterated a “buy” rating and issued a $116.00 price objective (up previously from $107.00) on shares of Global Payments in a research note on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-two have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $107.69.

A number of hedge funds have recently added to or reduced their stakes in GPN. Dynamic Technology Lab Private Ltd lifted its holdings in 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 valued at $297,000 after purchasing an additional 283 shares in the last quarter. New Mexico Educational Retirement Board lifted its holdings in Global Payments by 3.5% during the fourth quarter. New Mexico Educational Retirement Board now owns 14,700 shares of the business services provider’s stock valued at $1,474,000 after purchasing an additional 500 shares in the last quarter. Mutual of America Capital Management LLC lifted its holdings in Global Payments by 2.0% during the fourth quarter. Mutual of America Capital Management LLC now owns 25,951 shares of the business services provider’s stock valued at $2,601,000 after purchasing an additional 508 shares in the last quarter. BB&T Securities LLC lifted its holdings in Global Payments by 12.5% during the third quarter. BB&T Securities LLC now owns 4,703 shares of the business services provider’s stock valued at $446,000 after purchasing an additional 522 shares in the last quarter. Finally, WINTON GROUP Ltd lifted its holdings in Global Payments by 19.0% during the fourth quarter. WINTON GROUP Ltd now owns 3,607 shares of the business services provider’s stock valued at $362,000 after purchasing an additional 576 shares in the last quarter. Institutional investors own 95.74% of the company’s stock.

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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.

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

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