Global Payments Inc. (NYSE:GPN) Director Alan M. Silberstein sold 600 shares of the firm’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $97.69, for a total value of $58,614.00. Following the transaction, the director now owns 46,093 shares in the company, valued at $4,502,825.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Global Payments Inc. (GPN) traded up 0.37% during mid-day trading on Friday, hitting $97.17. The stock had a trading volume of 928,116 shares. The firm has a 50-day moving average of $96.55 and a 200-day moving average of $91.08. Global Payments Inc. has a 52-week low of $64.63 and a 52-week high of $100.34. The stock has a market cap of $14.82 billion, a P/E ratio of 75.38 and a beta of 1.11.

Global Payments (NYSE:GPN) last issued its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.07. The company 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 quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.76 earnings per share. On average, analysts forecast that Global Payments Inc. will post $3.90 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders 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 payout ratio is 2.45%.

COPYRIGHT VIOLATION NOTICE: This report was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The original version of this report can be read at https://www.americanbankingnews.com/2017/10/20/global-payments-inc-gpn-director-sells-58614-00-in-stock.html.

Several research firms have commented on GPN. Mizuho restated a “buy” rating and set a $105.00 price objective on shares of Global Payments in a report on Sunday, October 15th. Nomura restated a “sell” rating and set a $83.00 price objective on shares of Global Payments in a report on Monday. Barclays PLC raised their price objective on Global Payments from $105.00 to $116.00 and gave the stock an “overweight” rating in a report on Wednesday, October 11th. Zacks Investment Research upgraded Global Payments from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a report on Wednesday, October 11th. Finally, Deutsche Bank AG restated a “buy” rating and set a $115.00 price objective (up from $100.00) on shares of Global Payments in a report on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $100.32.

Several hedge funds have recently modified their holdings of GPN. Sun Life Financial INC grew its holdings in shares of Global Payments by 15,728.6% during the second quarter. Sun Life Financial INC now owns 1,108 shares of the business services provider’s stock worth $100,000 after purchasing an additional 1,101 shares during the last quarter. Thompson Davis & CO. Inc. grew its holdings in shares of Global Payments by 0.8% during the second quarter. Thompson Davis & CO. Inc. now owns 1,197 shares of the business services provider’s stock worth $108,000 after purchasing an additional 10 shares during the last quarter. Intellectus Partners LLC purchased a new position in shares of Global Payments during the second quarter worth about $128,000. Commonwealth Bank of Australia grew its holdings in shares of Global Payments by 13.6% during the second quarter. Commonwealth Bank of Australia now owns 1,466 shares of the business services provider’s stock worth $131,000 after purchasing an additional 176 shares during the last quarter. Finally, Stephens Inc. AR purchased a new position in shares of Global Payments during the second quarter worth about $143,000. 97.80% of the stock is currently owned by 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.

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

Receive News & Ratings for Global Payments Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Payments Inc. and related companies with MarketBeat.com's FREE daily email newsletter.