Global Payments Inc. (GPN) Director William I. Jacobs Sells 8,428 Shares
Global Payments Inc. (NYSE:GPN) Director William I. Jacobs sold 8,428 shares of the stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $94.05, for a total transaction of $792,653.40. Following the transaction, the director now owns 40,675 shares of the company’s stock, valued at approximately $3,825,483.75. 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) traded up 0.86% during midday trading on Monday, reaching $94.57. 857,678 shares of the company were exchanged. The stock has a market capitalization of $14.42 billion, a P/E ratio of 73.37 and a beta of 1.09. The company has a 50 day moving average price of $93.16 and a 200-day moving average price of $85.81. Global Payments Inc. has a 12-month low of $64.63 and a 12-month high of $97.99.
Global Payments (NYSE:GPN) last issued its quarterly earnings results on Thursday, August 3rd. The business services provider reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.07. The firm had revenue of $847.90 million for the quarter, compared to analyst estimates of $837.76 million. Global Payments had a return on equity of 18.32% and a net margin of 6.65%. The business’s revenue was up 18.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.76 earnings per share. On average, analysts forecast that Global Payments Inc. will post $3.95 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date of this dividend is Thursday, September 14th. Global Payments’s dividend payout ratio is presently 3.07%.
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A number of equities analysts have weighed in on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $103.00 target price (up previously from $102.00) on shares of Global Payments in a research report on Friday, August 4th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $100.00 target price on shares of Global Payments in a research report on Thursday, August 3rd. Royal Bank Of Canada cut their target price on shares of Global Payments from $103.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, August 4th. Barclays PLC increased their target price on shares of Global Payments from $98.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, August 4th. Finally, Compass Point lowered shares of Global Payments from a “buy” rating to a “neutral” rating and increased their target price for the stock from $95.72 to $96.00 in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $94.58.
Several hedge funds have recently modified their holdings of the company. Sun Life Financial INC raised its stake in shares of Global Payments by 15,728.6% in the second quarter. Sun Life Financial INC now owns 1,108 shares of the business services provider’s stock worth $100,000 after buying an additional 1,101 shares in the last quarter. Thompson Davis & CO. Inc. raised its stake 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 worth $108,000 after buying an additional 10 shares in the last quarter. Intellectus Partners LLC purchased a new stake in shares of Global Payments during the second quarter worth about $128,000. Commonwealth Bank of Australia raised its stake in shares of Global Payments by 13.6% in the second quarter. Commonwealth Bank of Australia now owns 1,466 shares of the business services provider’s stock worth $131,000 after buying an additional 176 shares in the last quarter. Finally, Stephens Inc. AR purchased a new stake in shares of Global Payments during the second quarter worth about $143,000. 98.62% of the stock is currently owned by hedge funds and other institutional investors.
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.
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