Global Payments Inc (NYSE:GPN) Director Robert H. B. Baldwin, Jr. sold 3,125 shares of Global Payments stock in a transaction dated Tuesday, October 16th. The stock was sold at an average price of $116.07, for a total value of $362,718.75. Following the transaction, the director now owns 80,324 shares of the company’s stock, valued at approximately $9,323,206.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of GPN opened at $116.50 on Friday. Global Payments Inc has a one year low of $95.32 and a one year high of $129.25. The company has a market cap of $18.96 billion, a price-to-earnings ratio of 29.05, a PEG ratio of 1.43 and a beta of 1.19. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.09 and a quick ratio of 1.09.
Global Payments (NYSE:GPN) last announced its quarterly earnings data on Thursday, August 2nd. The business services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.22 by $0.07. Global Payments had a net margin of 14.86% and a return on equity of 17.99%. The business had revenue of $982.50 million during the quarter, compared to the consensus estimate of $968.75 million. During the same period in the previous year, the business earned $0.94 earnings per share. The company’s revenue was up 18.1% on a year-over-year basis. On average, sell-side analysts anticipate that Global Payments Inc will post 4.86 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $0.04 annualized dividend and a yield of 0.03%. Global Payments’s dividend payout ratio is currently 1.00%.
A number of institutional investors and hedge funds have recently made changes to their positions in GPN. TRUE Private Wealth Advisors acquired a new position in Global Payments during the third quarter valued at approximately $112,000. Fort L.P. acquired a new position in Global Payments during the second quarter valued at approximately $118,000. First Hawaiian Bank acquired a new position in Global Payments during the third quarter valued at approximately $124,000. Signet Financial Management LLC acquired a new position in Global Payments during the second quarter valued at approximately $134,000. Finally, CENTRAL TRUST Co raised its position in Global Payments by 274.4% during the third quarter. CENTRAL TRUST Co now owns 1,449 shares of the business services provider’s stock valued at $185,000 after purchasing an additional 1,062 shares in the last quarter. Institutional investors and hedge funds own 96.58% of the company’s stock.
Several equities research analysts have issued reports on GPN shares. Zacks Investment Research upgraded shares of Global Payments from a “hold” rating to a “buy” rating and set a $124.00 price objective for the company in a research report on Wednesday, June 27th. ValuEngine downgraded shares of Global Payments from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd. Citigroup raised their price objective on shares of Global Payments from $125.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, July 13th. Wolfe Research assumed coverage on shares of Global Payments in a research report on Tuesday, July 17th. They set an “outperform” rating for the company. Finally, Morgan Stanley lifted their price target on shares of Global Payments from $119.00 to $124.00 and gave the company a “$117.08” rating in a research report on Thursday, July 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-one have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $119.83.
Global Payments Company Profile
Global Payments Inc provides payment technology and software solutions for credit cards, debit cards, electronic payments, and check-related services. It offers authorization services, settlement and funding services, customer support and help-desk functions, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and statements, online reporting, industry compliance, and payment card industry security services.
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