Joia M. Johnson Acquires 560 Shares of Global Payments Inc (NYSE:GPN) Stock

Global Payments Inc (NYSE:GPN) Director Joia M. Johnson bought 560 shares of Global Payments stock in a transaction that occurred on Monday, December 2nd. The shares were acquired at an average price of $178.45 per share, with a total value of $99,932.00. Following the completion of the acquisition, the director now directly owns 2,347 shares of the company’s stock, valued at approximately $418,822.15. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of NYSE:GPN traded down $1.45 during trading on Wednesday, reaching $175.97. 1,141,915 shares of the company traded hands, compared to its average volume of 1,565,153. The firm has a market cap of $53.32 billion, a P/E ratio of 33.91, a price-to-earnings-growth ratio of 1.83 and a beta of 0.98. The firm has a fifty day simple moving average of $170.99 and a 200 day simple moving average of $163.29. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. Global Payments Inc has a 1-year low of $94.81 and a 1-year high of $182.13.

Global Payments (NYSE:GPN) last released its quarterly earnings results on Thursday, October 31st. The business services provider reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.03. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.16 billion. Global Payments had a net margin of 10.59% and a return on equity of 9.05%. Global Payments’s revenue for the quarter was up 27.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.44 EPS. As a group, research analysts anticipate that Global Payments Inc will post 5.83 EPS for the current year.

GPN has been the subject of a number of recent analyst reports. Wolfe Research set a $195.00 price objective on shares of Global Payments and gave the stock a “buy” rating in a research note on Friday, November 1st. SunTrust Banks raised their price objective on shares of Global Payments from $190.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. ValuEngine lowered shares of Global Payments from a “hold” rating to a “sell” rating in a research note on Tuesday. Oppenheimer raised their price objective on shares of Global Payments from $178.00 to $192.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, William Blair reaffirmed an “outperform” rating on shares of Global Payments in a research note on Thursday, October 17th. Two analysts have rated the stock with a sell rating, four have given a hold rating and twenty-one have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $177.56.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Lindbrook Capital LLC raised its holdings in Global Payments by 19.0% in the 3rd quarter. Lindbrook Capital LLC now owns 400 shares of the business services provider’s stock worth $64,000 after acquiring an additional 64 shares during the period. HighTower Advisors LLC grew its position in Global Payments by 0.8% in the 2nd quarter. HighTower Advisors LLC now owns 9,445 shares of the business services provider’s stock worth $1,508,000 after purchasing an additional 74 shares during the last quarter. First Allied Advisory Services Inc. grew its position in Global Payments by 5.7% in the 3rd quarter. First Allied Advisory Services Inc. now owns 1,422 shares of the business services provider’s stock worth $221,000 after purchasing an additional 77 shares during the last quarter. Corient Capital Partners LLC grew its position in Global Payments by 5.0% in the 2nd quarter. Corient Capital Partners LLC now owns 1,628 shares of the business services provider’s stock worth $261,000 after purchasing an additional 78 shares during the last quarter. Finally, Advantage Investment Management LLC grew its position in Global Payments by 32.4% in the 3rd quarter. Advantage Investment Management LLC now owns 331 shares of the business services provider’s stock worth $53,000 after purchasing an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 87.90% of the company’s stock.

Global Payments Company Profile

Global Payments Inc provides payment technology and software solutions for card, electronic, check, and digital-based payments. The company operates in three segments: North America, Europe, and Asia-Pacific. 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, and online reporting services.

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