Global Payments Inc (NYSE:GPN) Director Alan M. Silberstein sold 700 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $166.27, for a total value of $116,389.00. Following the transaction, the director now directly owns 38,063 shares of the company’s stock, valued at $6,328,735.01. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of NYSE GPN traded up $1.78 during midday trading on Friday, hitting $162.92. 1,197,578 shares of the company traded hands, compared to its average volume of 2,942,134. The firm has a market cap of $25.24 billion, a P/E ratio of 31.39, a P/E/G ratio of 1.65 and a beta of 1.00. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.01 and a current ratio of 1.01. Global Payments Inc has a 12-month low of $94.81 and a 12-month high of $175.95. The stock has a 50-day moving average price of $163.09 and a 200 day moving average price of $155.50.
Global Payments (NYSE:GPN) last announced its quarterly earnings data on Tuesday, July 30th. The business services provider reported $1.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.05. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Global Payments had a net margin of 13.62% and a return on equity of 20.36%. The business’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.29 earnings per share. As a group, equities analysts expect that Global Payments Inc will post 5.8 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a $0.01 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.04 annualized dividend and a yield of 0.02%. Global Payments’s payout ratio is presently 0.77%.
Several brokerages have recently commented on GPN. Wells Fargo & Co raised their target price on Global Payments from $180.00 to $185.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Robert W. Baird raised their target price on Global Payments from $188.00 to $203.00 and gave the company an “outperform” rating in a research note on Wednesday, September 18th. Oppenheimer raised their price target on shares of Global Payments from $161.00 to $178.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Susquehanna Bancshares set a $200.00 price target on shares of Global Payments and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Wedbush raised their price target on shares of Global Payments from $168.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $172.47.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Next Capital Management LLC purchased a new position in shares of Global Payments in the 2nd quarter worth $25,000. Lenox Wealth Advisors LLC purchased a new position in shares of Global Payments in the 2nd quarter worth $25,000. Citizens Financial Group Inc RI purchased a new position in shares of Global Payments in the 2nd quarter worth $27,000. Cornerstone Advisors Inc. grew its stake in shares of Global Payments by 114.9% in the 1st quarter. Cornerstone Advisors Inc. now owns 202 shares of the business services provider’s stock worth $28,000 after buying an additional 108 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. purchased a new position in shares of Global Payments in the 2nd quarter worth $34,000. 97.07% of the stock is owned by institutional investors.
About Global Payments
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.
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.