Global Payments Inc. (GPN) EVP Sells $819,327.60 in Stock
Global Payments Inc. (NYSE:GPN) EVP Guido Francesco Sacchi sold 11,102 shares of the firm’s stock in a transaction dated Tuesday, October 11th. The stock was sold at an average price of $73.80, for a total transaction of $819,327.60. Following the transaction, the executive vice president now owns 23,904 shares of the company’s stock, valued at approximately $1,764,115.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Global Payments Inc. (NYSE:GPN) opened at 73.35 on Friday. The company has a market capitalization of $11.27 billion, a PE ratio of 37.75 and a beta of 1.09. Global Payments Inc. has a 12 month low of $51.29 and a 12 month high of $79.93. The firm’s 50-day moving average is $75.74 and its 200 day moving average is $74.32.
Global Payments (NYSE:GPN) last announced its quarterly earnings results on Wednesday, October 5th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.03. Global Payments had a net margin of 8.74% and a return on equity of 22.33%. The firm earned $939.50 million during the quarter. During the same quarter last year, the company posted $0.79 earnings per share. The company’s revenue was up 52.2% compared to the same quarter last year. Equities research analysts predict that Global Payments Inc. will post $3.48 EPS for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, November 25th. Shareholders of record on Friday, November 11th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.05%. The ex-dividend date is Tuesday, November 8th. Global Payments’s dividend payout ratio (DPR) is currently 2.06%.
A number of institutional investors have recently made changes to their positions in GPN. FMR LLC boosted its position in shares of Global Payments by 7.2% in the second quarter. FMR LLC now owns 15,448,116 shares of the company’s stock valued at $1,102,686,000 after buying an additional 1,033,050 shares during the period. Vanguard Group Inc. boosted its stake in Global Payments by 44.3% in the second quarter. Vanguard Group Inc. now owns 13,969,774 shares of the company’s stock valued at $997,163,000 after buying an additional 4,289,181 shares during the period. Wellington Management Group LLP boosted its stake in Global Payments by 227.4% in the first quarter. Wellington Management Group LLP now owns 11,997,800 shares of the company’s stock valued at $783,456,000 after buying an additional 8,333,396 shares during the period. State Street Corp boosted its stake in Global Payments by 35.8% in the second quarter. State Street Corp now owns 5,512,377 shares of the company’s stock valued at $393,482,000 after buying an additional 1,454,637 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in Global Payments by 30.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 5,367,430 shares of the company’s stock valued at $383,127,000 after buying an additional 1,259,406 shares during the period. Hedge funds and other institutional investors own 96.56% of the company’s stock.
A number of research analysts have commented on GPN shares. Nomura raised their price target on shares of Global Payments from $64.00 to $66.00 in a research note on Friday, July 29th. Zacks Investment Research raised shares of Global Payments from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a report on Wednesday, June 29th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Global Payments in a report on Monday, June 27th. Deutsche Bank AG reaffirmed a “buy” rating and set a $79.00 price objective (up previously from $72.00) on shares of Global Payments in a report on Tuesday, July 12th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $83.00 price objective on shares of Global Payments in a report on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $78.03.
Global Payments Company Profile
Global Payments Inc is a provider of payment technology services. The Company provides payment and digital commerce solutions. The Company operates in two segments: North America merchant services and International merchant services. The Company’s North America merchant services and International merchant services segments primarily provide payment solutions for credit cards, debit cards, electronic payments and check-related services.
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