Insider Selling: Suellyn Tornay Sells 19,517 Shares of Global Payments Stock (GPN)
Global Payments (NYSE:GPN) EVP Suellyn Tornay sold 19,517 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $59.93, for a total transaction of $1,169,653.81. Following the completion of the sale, the executive vice president now directly owns 23,336 shares of the company’s stock, valued at approximately $1,398,526. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on GPN shares. Analysts at Cowen and Company raised their price target on shares of Global Payments from $52.00 to $60.00 in a research note to investors on Monday. Separately, 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, October 9th. They now have an “outperform” rating on the stock. Finally, 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, October 7th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. Global Payments currently has a consensus rating of “Hold” and a consensus price target of $55.67.
Global Payments (NYSE:GPN) traded down 0.37% during mid-day trading on Thursday, hitting $59.57. The stock had a trading volume of 346,247 shares. Global Payments has a 52 week low of $40.73 and a 52 week high of $60.28. The stock has a 50-day moving average of $54.12 and a 200-day moving average of $49.10. The company has a market cap of $4.342 billion and a P/E ratio of 19.69.
Global Payments (NYSE:GPN) last announced its earnings results 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. Analysts expect that Global Payments will post $4.02 EPS 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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