Global Payments Director Alex W. Hart Sells 4,770 Shares (GPN)
Global Payments (NYSE:GPN) Director Alex W. Hart sold 4,770 shares of the stock on the open market in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $70.00, for a total transaction of $333,900.00. Following the completion of the sale, the director now directly owns 25,387 shares of the company’s stock, valued at approximately $1,777,090. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
GPN has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Global Payments in a research note on Wednesday, August 13th. They now have a $77.00 price target on the stock, up previously from $74.00. Separately, analysts at Jefferies Group raised their price target on shares of Global Payments from $72.00 to $80.00 in a research note on Monday, August 4th. They now have a “buy” rating on the stock. Finally, analysts at SunTrust raised their price target on shares of Global Payments from $64.00 to $67.00 in a research note on Thursday, July 31st. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $74.55.
Global Payments (NYSE:GPN) opened at 70.97 on Monday. Global Payments has a 1-year low of $47.35 and a 1-year high of $74.46. The stock’s 50-day moving average is $71.63 and its 200-day moving average is $69.5. The company has a market cap of $4.839 billion and a P/E ratio of 21.06.
Global Payments (NYSE:GPN) last announced its earnings results on Tuesday, July 29th. The company reported $1.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.07 by $0.02. The company had revenue of $673.98 million for the quarter, compared to the consensus estimate of $669.11 million. During the same quarter in the prior year, the company posted $0.98 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. On average, analysts predict that Global Payments will post $4.61 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 29th. Investors of record on Friday, August 15th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date of this dividend is Wednesday, August 13th.
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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