Global Payments Director Unloads $872,143 in Stock (GPN)
Global Payments (NYSE:GPN) Director Raymond Killian, Jr. unloaded 15,398 shares of Global Payments stock on the open market in a transaction dated Friday, October 4th. The shares were sold at an average price of $56.64, for a total transaction of $872,142.72. Following the completion of the sale, the director now directly owns 10,419 shares of the company’s stock, valued at approximately $590,132. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at First Analysis downgraded shares of Global Payments from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday. Separately, analysts at UBS AG raised their price target on shares of Global Payments from $49.00 to $52.00 in a research note to investors on Wednesday, October 2nd. They now have a “neutral” rating on the stock. Finally, analysts at SunTrust raised their price target on shares of Global Payments from $47.00 to $49.00 in a research note to investors on Wednesday, October 2nd. They now have a “neutral” rating on the stock. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $54.79.
Shares of Global Payments (NYSE:GPN) traded down 1.99% during mid-day trading on Tuesday, hitting $53.74. The stock had a trading volume of 1,331,926 shares. Global Payments has a 1-year low of $41.01 and a 1-year high of $57.42. The stock has a 50-day moving average of $49.96 and a 200-day moving average of $47.88. The company has a market cap of $3.917 billion and a price-to-earnings ratio of 18.06.
Global Payments (NYSE:GPN) last released its earnings data on Tuesday, October 1st. The company reported $1.00 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.95 by $0.05. The company had revenue of $629.70 million for the quarter, compared to the consensus estimate of $623.79 million. During the same quarter last year, the company posted $0.88 earnings per share. Global Payments’s revenue was up 6.7% compared to the same quarter last year. On average, analysts predict that Global Payments will post $4.02 earnings per share for the current fiscal year.
Global Payments Inc (NYSE:GPN) is a provider of electronic payments transaction processing services for consumers, merchants, independent sales organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United States, Canada, the United Kingdom, Spain, the Asia-Pacific region, the Czech Republic, and the Russian Federation.
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