Global Payments Inc. (NYSE:GPN) Director William I. Jacobs sold 600 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $94.20, for a total value of $56,520.00. Following the transaction, the director now owns 49,103 shares in the company, valued at $4,625,502.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of Global Payments Inc. (GPN) traded up 0.30% on Wednesday, reaching $94.60. 789,161 shares of the company’s stock were exchanged. The company has a market cap of $14.43 billion, a price-to-earnings ratio of 73.39 and a beta of 1.09. The firm’s 50-day moving average price is $93.01 and its 200 day moving average price is $85.64. Global Payments Inc. has a 12 month low of $64.63 and a 12 month high of $97.99.

Global Payments (NYSE:GPN) last posted its quarterly earnings results on Thursday, August 3rd. The business services provider reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.07. The business had revenue of $847.90 million for the quarter, compared to analyst estimates of $837.76 million. Global Payments had a net margin of 6.65% and a return on equity of 18.32%. The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter last year, the business posted $0.76 EPS. Equities research analysts predict that Global Payments Inc. will post $3.95 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.04%. The ex-dividend date of this dividend is Thursday, September 14th. Global Payments’s payout ratio is 3.07%.

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Several equities analysts have weighed in on the company. BMO Capital Markets raised their target price on Global Payments from $91.00 to $93.00 and gave the company an “outperform” rating in a report on Monday, May 15th. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Global Payments in a research report on Monday, May 15th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $103.00 price target (up from $102.00) on shares of Global Payments in a research report on Friday, August 4th. Royal Bank Of Canada lowered their price target on Global Payments from $103.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, August 4th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and issued a $97.00 price target (up from $93.00) on shares of Global Payments in a research report on Monday, May 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have issued a buy rating to the company. Global Payments has an average rating of “Buy” and an average target price of $94.58.

A number of institutional investors have recently modified their holdings of the stock. Thompson Davis & CO. Inc. increased its position in shares of Global Payments by 0.8% in the second quarter. Thompson Davis & CO. Inc. now owns 1,197 shares of the business services provider’s stock valued at $108,000 after buying an additional 10 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Global Payments by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,329 shares of the business services provider’s stock valued at $1,023,000 after buying an additional 34 shares during the last quarter. Wetherby Asset Management Inc. increased its position in shares of Global Payments by 0.4% in the first quarter. Wetherby Asset Management Inc. now owns 9,947 shares of the business services provider’s stock valued at $802,000 after buying an additional 39 shares during the last quarter. Xact Kapitalforvaltning AB increased its position in shares of Global Payments by 0.3% in the second quarter. Xact Kapitalforvaltning AB now owns 11,990 shares of the business services provider’s stock valued at $1,083,000 after buying an additional 41 shares during the last quarter. Finally, First Personal Financial Services increased its position in shares of Global Payments by 1.7% in the second quarter. First Personal Financial Services now owns 2,875 shares of the business services provider’s stock valued at $260,000 after buying an additional 47 shares during the last quarter. 98.62% of the stock is owned by institutional investors and hedge funds.

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 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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