Global Payments Inc. (NYSE:GPN) Director Robert H. B. Baldwin, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $95.00, for a total value of $950,000.00. Following the completion of the sale, the director now directly owns 183,177 shares of the company’s stock, valued at $17,401,815. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Global Payments Inc. (GPN) traded down 0.71% on Thursday, reaching $94.62. The company’s stock had a trading volume of 861,908 shares. The firm has a market cap of $14.43 billion, a price-to-earnings ratio of 74.45 and a beta of 1.09. The stock has a 50 day moving average of $90.96 and a 200-day moving average of $83.94. Global Payments Inc. has a 12 month low of $64.63 and a 12 month high of $95.68.

Global Payments (NYSE:GPN) last announced its quarterly earnings results on Thursday, May 4th. The business services provider reported $0.85 EPS for the quarter, topping the consensus estimate of $0.75 by $0.10. The business had revenue of $919.76 million for the quarter, compared to analysts’ expectations of $767.09 million. Global Payments had a net margin of 6.22% and a return on equity of 17.38%. The business’s quarterly revenue was up 46.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.64 EPS. On average, analysts anticipate that Global Payments Inc. will post $3.91 EPS for the current year.

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Several hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP increased its stake in Global Payments by 0.8% in the first quarter. Wellington Management Group LLP now owns 16,940,401 shares of the business services provider’s stock worth $1,366,752,000 after buying an additional 126,712 shares during the period. FMR LLC increased its stake in Global Payments by 12.4% in the first quarter. FMR LLC now owns 14,898,661 shares of the business services provider’s stock worth $1,202,023,000 after buying an additional 1,647,907 shares during the period. Vanguard Group Inc. increased its stake in Global Payments by 2.4% in the first quarter. Vanguard Group Inc. now owns 14,762,938 shares of the business services provider’s stock worth $1,191,073,000 after buying an additional 341,212 shares during the period. BlackRock Inc. increased its stake in Global Payments by 3,093.1% in the first quarter. BlackRock Inc. now owns 13,529,075 shares of the business services provider’s stock worth $1,091,527,000 after buying an additional 13,105,378 shares during the period. Finally, State Street Corp increased its stake in Global Payments by 1.1% in the first quarter. State Street Corp now owns 5,989,099 shares of the business services provider’s stock worth $483,201,000 after buying an additional 63,278 shares during the period. Hedge funds and other institutional investors own 98.59% of the company’s stock.

A number of analysts have recently issued reports on the company. William Blair reaffirmed an “outperform” rating on shares of Global Payments in a research report on Monday. Zacks Investment Research cut Global Payments from a “buy” rating to a “hold” rating in a research report on Friday, July 21st. Wedbush reaffirmed an “outperform” rating and issued a $107.25 price objective (up from $85.00) on shares of Global Payments in a research report on Tuesday, June 6th. BMO Capital Markets raised their price objective on Global Payments from $91.00 to $93.00 and gave the company an “outperform” rating in a research report on Friday, May 5th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Global Payments in a research report on Friday, July 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nineteen have issued a buy rating to the company’s stock. Global Payments has an average rating of “Buy” and a consensus price target of $90.28.

About Global Payments

Global Payments Inc is a provider of payment technology services. The Company provides payment and digital commerce solutions. The Company operates through three segments: North America, Europe and Asia-Pacific. The Company’s segments primarily provide payment solutions for credit cards, debit cards, electronic payments and check-related services.

Insider Buying and Selling by Quarter for Global Payments (NYSE:GPN)

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