Global Payments Inc (NYSE:GPN) Director William I. Jacobs sold 600 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $103.62, for a total transaction of $62,172.00. Following the transaction, the director now directly owns 37,675 shares in the company, valued at $3,903,883.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of Global Payments Inc (NYSE:GPN) traded up $0.38 during mid-day trading on Thursday, reaching $106.18. 642,029 shares of the company’s stock traded hands, compared to its average volume of 1,012,533. The company has a market capitalization of $16,910.00, a price-to-earnings ratio of 60.33, a price-to-earnings-growth ratio of 1.62 and a beta of 1.11. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.27. Global Payments Inc has a twelve month low of $75.88 and a twelve month high of $106.78.

Global Payments (NYSE:GPN) last posted its quarterly earnings results on Wednesday, November 8th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.12. Global Payments had a net margin of 7.14% and a return on equity of 18.50%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $917.31 million. During the same quarter in the previous year, the firm posted $0.89 earnings per share. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. analysts expect that Global Payments Inc will post 3.81 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. The ex-dividend date of this dividend was Thursday, December 14th. Global Payments’s dividend payout ratio (DPR) is currently 2.27%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Global Payments by 3.0% in the second quarter. Vanguard Group Inc. now owns 15,211,802 shares of the business services provider’s stock valued at $1,373,930,000 after purchasing an additional 448,864 shares during the period. JPMorgan Chase & Co. raised its position in shares of Global Payments by 3.4% in the third quarter. JPMorgan Chase & Co. now owns 3,396,554 shares of the business services provider’s stock valued at $319,071,000 after purchasing an additional 112,256 shares during the period. Capital International Investors raised its position in shares of Global Payments by 39.1% in the third quarter. Capital International Investors now owns 2,678,334 shares of the business services provider’s stock valued at $254,522,000 after purchasing an additional 752,962 shares during the period. Janus Henderson Group PLC raised its position in shares of Global Payments by 0.4% in the third quarter. Janus Henderson Group PLC now owns 2,302,837 shares of the business services provider’s stock valued at $218,838,000 after purchasing an additional 10,039 shares during the period. Finally, Frontier Capital Management Co. LLC raised its position in shares of Global Payments by 0.9% in the third quarter. Frontier Capital Management Co. LLC now owns 1,836,396 shares of the business services provider’s stock valued at $174,513,000 after purchasing an additional 16,898 shares during the period. 98.82% of the stock is currently owned by institutional investors.

A number of research analysts recently weighed in on GPN shares. Nomura reissued a “sell” rating and set a $83.00 price target on shares of Global Payments in a research report on Monday, October 16th. Morgan Stanley raised their price target on shares of Global Payments from $98.00 to $106.00 and gave the company an “equal weight” rating in a research report on Thursday, November 2nd. Royal Bank of Canada reissued an “outperform” rating and set a $108.00 price target (up from $103.00) on shares of Global Payments in a research report on Thursday, November 9th. Zacks Investment Research lowered shares of Global Payments from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, BMO Capital Markets raised their price target on shares of Global Payments from $103.00 to $115.00 and gave the company a “positive” rating in a research report on Thursday, November 9th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-one have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $107.79.

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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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