Global Payments Inc (NYSE:GPN) Director Alan M. Silberstein sold 700 shares of the company’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $109.66, for a total transaction of $76,762.00. Following the sale, the director now directly owns 42,169 shares of the company’s stock, valued at approximately $4,624,252.54. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of NYSE:GPN opened at $109.69 on Friday. The company has a market cap of $17.35 billion, a P/E ratio of 27.35, a P/E/G ratio of 1.29 and a beta of 1.18. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.13. Global Payments Inc has a 12-month low of $95.32 and a 12-month high of $129.25.
Global Payments (NYSE:GPN) last announced its quarterly earnings data on Tuesday, October 30th. The business services provider reported $1.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.05. The company had revenue of $857.70 million during the quarter, compared to the consensus estimate of $1.02 billion. Global Payments had a return on equity of 18.38% and a net margin of 17.48%. The firm’s revenue was down 17.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.15 EPS. On average, sell-side analysts expect that Global Payments Inc will post 4.88 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. Global Payments’s dividend payout ratio (DPR) is presently 1.00%.
Several large investors have recently made changes to their positions in the stock. Atria Investments LLC boosted its stake in Global Payments by 5.6% in the 3rd quarter. Atria Investments LLC now owns 8,156 shares of the business services provider’s stock worth $1,039,000 after purchasing an additional 431 shares during the period. State of Alaska Department of Revenue boosted its stake in Global Payments by 1.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 25,628 shares of the business services provider’s stock worth $2,856,000 after purchasing an additional 469 shares during the period. First Mercantile Trust Co. boosted its stake in Global Payments by 4.7% in the 3rd quarter. First Mercantile Trust Co. now owns 10,834 shares of the business services provider’s stock worth $1,380,000 after purchasing an additional 488 shares during the period. First Republic Investment Management Inc. boosted its stake in Global Payments by 6.5% in the 2nd quarter. First Republic Investment Management Inc. now owns 8,079 shares of the business services provider’s stock worth $901,000 after purchasing an additional 494 shares during the period. Finally, Riverhead Capital Management LLC boosted its stake in Global Payments by 9.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,838 shares of the business services provider’s stock worth $651,000 after purchasing an additional 519 shares during the period. Institutional investors own 96.36% of the company’s stock.
Several research firms have recently commented on GPN. Deutsche Bank upped their price target on shares of Global Payments to $140.00 and gave the company a “buy” rating in a research report on Friday, September 14th. BMO Capital Markets began coverage on shares of Global Payments in a research report on Wednesday, September 26th. They set an “outperform” rating and a $139.00 price target for the company. Wedbush upped their price target on shares of Global Payments from $120.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday, August 28th. Robert W. Baird upped their price target on shares of Global Payments from $136.00 to $142.00 and gave the company an “outperform” rating in a research report on Wednesday, October 17th. Finally, Buckingham Research upped their price target on shares of Global Payments from $120.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, August 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have given a buy rating to the stock. Global Payments currently has an average rating of “Buy” and a consensus target price of $123.30.
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Global Payments Company Profile
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.
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