Global Payments Inc (NYSE:GPN) Director William I. Jacobs sold 600 shares of the company’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $118.27, for a total value of $70,962.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of GPN opened at $108.77 on Friday. The company has a market capitalization of $17,730.76, a price-to-earnings ratio of 28.56, a PEG ratio of 1.46 and a beta of 1.11. Global Payments Inc has a 1 year low of $76.47 and a 1 year high of $118.94. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.15.
Global Payments (NYSE:GPN) last released its quarterly earnings data on Thursday, February 15th. The business services provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $943.39 million. Global Payments had a return on equity of 17.94% and a net margin of 11.78%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.89 earnings per share. sell-side analysts anticipate that Global Payments Inc will post 4.85 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 16th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date of this dividend was Thursday, March 15th. Global Payments’s dividend payout ratio (DPR) is presently 1.00%.
Global Payments announced that its board has authorized a share repurchase plan on Thursday, February 15th that authorizes the company to buyback $600.00 million in shares. This buyback authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.
Several research analysts have recently commented on GPN shares. Keefe, Bruyette & Woods reissued a “buy” rating and set a $122.00 price objective on shares of Global Payments in a report on Friday, December 22nd. Stephens raised Global Payments from an “equal weight” rating to an “overweight” rating and set a $122.00 price objective for the company in a report on Tuesday, January 9th. Oppenheimer boosted their price objective on Global Payments from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, January 19th. Robert W. Baird reissued a “buy” rating and set a $124.00 price objective on shares of Global Payments in a report on Tuesday, January 23rd. Finally, Nomura boosted their price objective on Global Payments from $85.00 to $92.00 and gave the stock a “reduce” rating in a report on Tuesday, February 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $109.40.
Several large investors have recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Global Payments during the fourth quarter valued at approximately $120,000. SWS Partners bought a new position in shares of Global Payments during the fourth quarter valued at approximately $163,000. Tower Research Capital LLC TRC raised its holdings in shares of Global Payments by 2,412.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,658 shares of the business services provider’s stock valued at $166,000 after acquiring an additional 1,592 shares in the last quarter. Klingenstein Fields & Co. LLC bought a new position in shares of Global Payments during the fourth quarter valued at approximately $204,000. Finally, Quantbot Technologies LP bought a new position in shares of Global Payments during the third quarter valued at approximately $198,000. 96.69% of the stock is owned by hedge funds and other institutional investors.
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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.
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