Global Payments Inc (NYSE:GPN) Director Ruth Ann Marshall sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $160.24, for a total transaction of $801,200.00. Following the completion of the transaction, the director now owns 43,677 shares in the company, valued at $6,998,802.48. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of GPN opened at $156.33 on Friday. Global Payments Inc has a fifty-two week low of $94.81 and a fifty-two week high of $172.20. The firm’s 50 day moving average price is $162.70 and its 200 day moving average price is $145.59. The company has a market cap of $24.44 billion, a P/E ratio of 30.12, a PEG ratio of 1.59 and a beta of 1.01. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.20.
Global Payments (NYSE:GPN) last announced its earnings results on Tuesday, July 30th. The business services provider reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.05. Global Payments had a net margin of 13.62% and a return on equity of 20.36%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the firm earned $1.29 EPS. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. Research analysts forecast that Global Payments Inc will post 5.82 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend is Thursday, September 12th. Global Payments’s payout ratio is currently 0.77%.
A number of institutional investors and hedge funds have recently made changes to their positions in GPN. Cambridge Investment Research Advisors Inc. increased its position in shares of Global Payments by 32.2% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 5,895 shares of the business services provider’s stock valued at $944,000 after purchasing an additional 1,436 shares during the last quarter. MidWestOne Financial Group Inc. purchased a new stake in shares of Global Payments in the 2nd quarter valued at approximately $1,716,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Global Payments in the 2nd quarter valued at approximately $227,000. ADI Capital Management LLC increased its position in shares of Global Payments by 80.0% in the 2nd quarter. ADI Capital Management LLC now owns 9,000 shares of the business services provider’s stock valued at $1,441,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Stonebridge Capital Advisors LLC purchased a new stake in shares of Global Payments in the 2nd quarter valued at approximately $96,000. 98.22% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently commented on the stock. Robert W. Baird upped their price objective on shares of Global Payments from $174.00 to $182.00 and gave the stock an “outperform” rating in a report on Tuesday, July 9th. Wells Fargo & Co upped their price objective on shares of Global Payments from $180.00 to $185.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Guggenheim upgraded shares of Global Payments from a “neutral” rating to a “buy” rating in a report on Thursday, May 30th. Morgan Stanley upped their price objective on shares of Global Payments from $128.00 to $137.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 7th. Finally, Zacks Investment Research upgraded shares of Global Payments from a “sell” rating to a “hold” rating and set a $163.00 price objective on the stock in a report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $164.74.
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.
Featured Article: Stop Order Uses For Individual Investors
Receive News & Ratings for Global Payments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Payments and related companies with MarketBeat.com's FREE daily email newsletter.