Global Payments Director Gerald J. Wilkins Unloads 2,000 Shares (GPN)
Global Payments (NYSE:GPN) Director Gerald J. Wilkins sold 2,000 shares of the company’s stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $72.00, for a total transaction of $144,000.00. Following the transaction, the director now directly owns 14,372 shares of the company’s stock, valued at approximately $1,034,784. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Global Payments (NYSE:GPN) traded up 0.01% on Thursday, hitting $72.22. 158,076 shares of the company’s stock traded hands. Global Payments has a one year low of $44.96 and a one year high of $73.84. The stock’s 50-day moving average is $69.51 and its 200-day moving average is $68.0. The company has a market cap of $5.186 billion and a price-to-earnings ratio of 22.83.
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.
A number of analysts have recently weighed in on GPN shares. 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. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $71.33.
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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