Global Payments EVP Sells $551,000 in Stock (GPN)
Global Payments (NYSE:GPN) EVP Suellyn Tornay unloaded 10,000 shares of the stock on the open market in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $55.10, for a total value of $551,000.00. Following the completion of the sale, the executive vice president now directly owns 27,853 shares in the company, valued at approximately $1,534,700. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Global Payments (NYSE:GPN) traded up 1.62% during mid-day trading on Thursday, hitting $55.18. The stock had a trading volume of 790,006 shares. Global Payments has a one year low of $41.01 and a one year high of $57.42. The stock’s 50-day moving average is $50.30 and its 200-day moving average is $47.96. The company has a market cap of $4.022 billion and a price-to-earnings ratio of 17.89.
Global Payments (NYSE:GPN) last posted its quarterly earnings results on Tuesday, October 1st. The company reported $1.00 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.88 earnings per share. The company’s quarterly revenue was up 6.7% on a year-over-year basis. Analysts expect that Global Payments will post $4.02 EPS for the current fiscal year.
A number of research firms have recently commented on GPN. Analysts at Oppenheimer raised their price target on shares of Global Payments from $55.00 to $63.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $55.36.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.