Insider Selling: Global Payments Director Sells 2,000 Shares of Stock (GPN)
Global Payments (NYSE:GPN) Director Gerald J. Wilkins sold 2,000 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $71.00, for a total value of $142,000.00. Following the completion of the transaction, the director now directly owns 14,372 shares of the company’s stock, valued at approximately $1,020,412. The transaction was disclosed in a document filed with the SEC, which is available at this link.
GPN has been the subject of a number of recent research reports. Analysts at Buckingham Research raised their price target on shares of Global Payments from $73.00 to $77.00 in a research note on Friday, April 4th. Separately, analysts at Cowen and Company raised their price target on shares of Global Payments from $60.00 to $70.00 in a research note on Friday, April 4th. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Global Payments from $73.00 to $74.00 in a research note on Friday, April 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. Global Payments has an average rating of “Hold” and an average price target of $70.16.
Shares of Global Payments (NYSE:GPN) traded up 0.10% on Tuesday, hitting $71.23. 453,926 shares of the company’s stock traded hands. Global Payments has a 52-week low of $44.84 and a 52-week high of $73.84. The stock’s 50-day moving average is $67.92 and its 200-day moving average is $67.40. The company has a market cap of $5.115 billion and a P/E ratio of 22.50.
Global Payments (NYSE:GPN) last released its earnings data on Thursday, April 3rd. The company reported $0.96 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.95 by $0.01. The company had revenue of $616.50 million for the quarter, compared to the consensus estimate of $618.68 million. During the same quarter in the prior year, the company posted $0.87 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. On average, analysts predict that Global Payments will post $4.10 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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