William I. Jacobs Sells 600 Shares of Global Payments Inc (NYSE:GPN) Stock

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Global Payments Inc (NYSE:GPN) Director William I. Jacobs sold 600 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $165.05, for a total value of $99,030.00. Following the completion of the transaction, the director now owns 30,188 shares of the company’s stock, valued at $4,982,529.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

GPN opened at $167.32 on Friday. Global Payments Inc has a 12-month low of $94.81 and a 12-month high of $167.37. The firm has a market capitalization of $25.95 billion, a PE ratio of 32.06, a price-to-earnings-growth ratio of 1.67 and a beta of 1.03. The company has a 50 day simple moving average of $160.20. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.03 and a current ratio of 1.03.

Global Payments (NYSE:GPN) last released its quarterly earnings data on Thursday, May 2nd. The business services provider reported $1.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.12. Global Payments had a return on equity of 19.83% and a net margin of 13.69%. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the firm posted $1.13 earnings per share. The business’s revenue was up 12.8% on a year-over-year basis. As a group, analysts forecast that Global Payments Inc will post 5.81 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a $0.01 dividend. The ex-dividend date was Thursday, June 13th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.02%. Global Payments’s payout ratio is 0.77%.

A number of research analysts have weighed in on GPN shares. SunTrust Banks raised their price target on Paylocity to $108.00 and gave the company a “positive” rating in a research note on Friday, May 3rd. Wedbush set a $19.00 price target on Symantec and gave the company a “hold” rating in a research note on Monday. Cantor Fitzgerald restated a “hold” rating and issued a $8.00 price target on shares of Pacific Biosciences of California in a research note on Friday, May 3rd. Zacks Investment Research downgraded GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. Finally, BMO Capital Markets raised their price target on NFI Group from C$33.00 to C$36.00 in a research note on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have given a buy rating to the stock. Global Payments presently has a consensus rating of “Buy” and a consensus price target of $150.18.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lenox Wealth Advisors LLC acquired a new stake in Global Payments during the 2nd quarter worth approximately $25,000. Cornerstone Advisors Inc. lifted its holdings in Global Payments by 114.9% during the 1st quarter. Cornerstone Advisors Inc. now owns 202 shares of the business services provider’s stock worth $28,000 after purchasing an additional 108 shares during the last quarter. Berman Capital Advisors LLC lifted its holdings in Global Payments by 317.5% during the 1st quarter. Berman Capital Advisors LLC now owns 238 shares of the business services provider’s stock worth $32,000 after purchasing an additional 181 shares during the last quarter. Ranger Investment Management L.P. acquired a new stake in Global Payments during the 4th quarter worth approximately $26,000. Finally, Lindbrook Capital LLC lifted its holdings in Global Payments by 171.2% during the 1st quarter. Lindbrook Capital LLC now owns 320 shares of the business services provider’s stock worth $43,000 after purchasing an additional 202 shares during the last quarter. 97.84% of the stock is owned by institutional investors.

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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