Global Payments Inc. (GPN) Director Sells $58,800.00 in Stock
Global Payments Inc. (NYSE:GPN) Director William I. Jacobs sold 600 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $98.00, for a total transaction of $58,800.00. Following the completion of the transaction, the director now directly owns 40,075 shares of the company’s stock, valued at approximately $3,927,350. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Global Payments Inc. (NYSE GPN) traded down 0.39% on Thursday, reaching $96.99. 904,335 shares of the company’s stock were exchanged. The company’s 50 day moving average is $95.16 and its 200-day moving average is $88.00. Global Payments Inc. has a one year low of $64.63 and a one year high of $98.14. The stock has a market cap of $14.79 billion, a price-to-earnings ratio of 75.24 and a beta of 1.11.
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 analysts’ consensus estimates of $0.87 by $0.07. The company had revenue of $847.90 million during the quarter, compared to the consensus estimate of $837.76 million. Global Payments had a return on equity of 18.32% and a net margin of 6.65%. Global Payments’s revenue was up 18.4% on a year-over-year basis. During the same period last year, the company earned $0.76 earnings per share. On average, analysts anticipate that Global Payments Inc. will post $3.95 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. Global Payments’s dividend payout ratio (DPR) is 3.07%.
Several large investors have recently added to or reduced their stakes in GPN. BlackRock Inc. lifted its position in shares of Global Payments by 3,093.1% during the first quarter. BlackRock Inc. now owns 13,529,075 shares of the business services provider’s stock worth $1,091,527,000 after purchasing an additional 13,105,378 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Global Payments by 11,779.8% during the second quarter. Janus Henderson Group PLC now owns 2,292,798 shares of the business services provider’s stock worth $207,086,000 after purchasing an additional 2,273,498 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Global Payments by 162.0% during the second quarter. JPMorgan Chase & Co. now owns 3,284,298 shares of the business services provider’s stock worth $296,636,000 after purchasing an additional 2,030,880 shares during the last quarter. Capital International Investors bought a new stake in shares of Global Payments during the second quarter worth $173,900,000. Finally, FMR LLC lifted its position in shares of Global Payments by 12.4% during the first quarter. FMR LLC now owns 14,898,661 shares of the business services provider’s stock worth $1,202,023,000 after purchasing an additional 1,647,907 shares during the last quarter. Institutional investors and hedge funds own 97.87% of the company’s stock.
A number of research firms have commented on GPN. BidaskClub cut shares of Global Payments from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th. Cowen and Company reissued a “buy” rating and issued a $102.00 price target on shares of Global Payments in a research note on Friday, September 8th. Stifel Nicolaus began coverage on shares of Global Payments in a research note on Thursday, June 1st. They issued a “buy” rating and a $102.00 price target for the company. Bank of America Corporation began coverage on shares of Global Payments in a research note on Tuesday. They issued a “buy” rating and a $110.00 price target for the company. Finally, Wells Fargo & Company upgraded shares of Global Payments from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $90.00 to $110.00 in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. Global Payments has an average rating of “Buy” and a consensus target price of $97.34.
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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