Global Payments Inc. (NYSE:GPN) Director Robert H. B. Baldwin, Jr. sold 26,000 shares of the stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $99.82, for a total value of $2,595,320.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Global Payments Inc. (NYSE GPN) traded down 0.01% during midday trading on Thursday, hitting $99.06. The stock had a trading volume of 723,497 shares. The firm has a 50-day moving average of $95.84 and a 200-day moving average of $90.35. The company has a market cap of $15.11 billion, a PE ratio of 76.85 and a beta of 1.11. Global Payments Inc. has a 12-month low of $64.63 and a 12-month high of $100.34.

Global Payments (NYSE:GPN) last issued its earnings results on Thursday, August 3rd. The business services provider reported $0.94 earnings per share 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 analysts’ expectations 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 for the quarter was up 18.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 EPS. Equities research analysts forecast that Global Payments Inc. will post $3.95 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. The ex-dividend date of this dividend was Thursday, September 14th. Global Payments’s dividend payout ratio is currently 2.45%.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC lifted its holdings in Global Payments by 50.0% in the second quarter. Lord Abbett & CO. LLC now owns 420,429 shares of the business services provider’s stock valued at $37,973,000 after acquiring an additional 140,109 shares during the last quarter. Toronto Dominion Bank lifted its holdings in Global Payments by 25.7% in the second quarter. Toronto Dominion Bank now owns 51,654 shares of the business services provider’s stock valued at $4,665,000 after acquiring an additional 10,551 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its holdings in Global Payments by 9.4% in the second quarter. Dynamic Technology Lab Private Ltd now owns 3,283 shares of the business services provider’s stock valued at $297,000 after acquiring an additional 283 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in Global Payments by 3.1% in the second quarter. Sterling Capital Management LLC now owns 120,209 shares of the business services provider’s stock valued at $10,857,000 after acquiring an additional 3,621 shares during the last quarter. Finally, Ameritas Investment Partners Inc. lifted its holdings in Global Payments by 0.4% in the second quarter. Ameritas Investment Partners Inc. now owns 17,368 shares of the business services provider’s stock valued at $1,567,000 after acquiring an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 97.84% of the company’s stock.

Several analysts recently issued reports on GPN shares. Credit Suisse Group reiterated an “outperform” rating on shares of Global Payments in a research report on Tuesday, September 5th. Royal Bank Of Canada reiterated a “buy” rating and set a $90.00 target price on shares of Global Payments in a research report on Friday, July 7th. Robert W. Baird reiterated a “buy” rating and set a $106.00 target price on shares of Global Payments in a research report on Tuesday, September 5th. Mizuho started coverage on Global Payments in a research report on Tuesday, June 27th. They set a “buy” rating and a $105.00 target price for the company. Finally, Zacks Investment Research cut Global Payments from a “buy” rating to a “hold” rating in a research report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $101.01.

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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