Global Payments Inc. (NYSE:GPN) EVP Guido Francesco Sacchi sold 11,102 shares of the stock in a transaction dated Tuesday, October 11th. The shares were sold at an average price of $73.80, for a total transaction of $819,327.60. Following the completion of the transaction, the executive vice president now owns 23,904 shares of the company’s stock, valued at approximately $1,764,115.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Global Payments Inc. (NYSE:GPN) opened at 73.01 on Tuesday. The firm has a market cap of $11.22 billion, a P/E ratio of 37.58 and a beta of 1.09. The firm’s 50-day moving average price is $75.55 and its 200 day moving average price is $74.64. Global Payments Inc. has a one year low of $51.29 and a one year high of $79.93.
Global Payments (NYSE:GPN) last released its quarterly earnings data on Wednesday, October 5th. The company reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.03. Global Payments had a return on equity of 22.33% and a net margin of 8.74%. The business had revenue of $939.50 million for the quarter. During the same quarter last year, the firm earned $0.79 EPS. The company’s revenue for the quarter was up 52.2% on a year-over-year basis. On average, equities research analysts forecast that Global Payments Inc. will post $3.48 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 25th. Stockholders of record on Friday, November 11th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.05%. The ex-dividend date is Tuesday, November 8th. Global Payments’s dividend payout ratio (DPR) is presently 2.06%.
Several institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its position in Global Payments by 0.9% in the first quarter. Geode Capital Management LLC now owns 773,444 shares of the company’s stock valued at $50,475,000 after buying an additional 7,011 shares during the period. Riverhead Capital Management LLC boosted its position in Global Payments by 91.5% in the first quarter. Riverhead Capital Management LLC now owns 46,724 shares of the company’s stock valued at $3,050,000 after buying an additional 22,324 shares during the period. Lazard Asset Management LLC boosted its position in Global Payments by 66.4% in the first quarter. Lazard Asset Management LLC now owns 113,522 shares of the company’s stock valued at $7,412,000 after buying an additional 45,281 shares during the period. Bank of Montreal Can acquired a new position in Global Payments during the second quarter valued at $7,668,000. Finally, Capital Fund Management S.A. boosted its position in Global Payments by 163.4% in the second quarter. Capital Fund Management S.A. now owns 464,283 shares of the company’s stock valued at $33,141,000 after buying an additional 288,045 shares during the period. Institutional investors and hedge funds own 96.57% of the company’s stock.
GPN has been the subject of a number of research analyst reports. Credit Suisse Group AG reissued a “buy” rating on shares of Global Payments in a report on Monday, June 27th. Zacks Investment Research raised shares of Global Payments from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a report on Wednesday, June 29th. Barclays PLC cut their price target on shares of Global Payments from $78.00 to $73.00 and set an “equal weight” rating for the company in a report on Thursday, July 7th. Deutsche Bank AG reissued a “buy” rating and issued a $79.00 price target (up from $72.00) on shares of Global Payments in a report on Tuesday, July 12th. Finally, Nomura upped their price target on shares of Global Payments from $64.00 to $66.00 in a report on Friday, July 29th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $78.03.
About Global Payments
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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