Insider Selling: Global Payments Inc (NYSE:GPN) Director Sells 5,000 Shares of Stock

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Global Payments Inc (NYSE:GPN) Director Ruth Ann Marshall sold 5,000 shares of the firm’s stock in a transaction 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 sale, the director now owns 43,677 shares of the company’s stock, valued at approximately $6,998,802.48. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of GPN opened at $156.33 on Friday. The company has a 50-day simple moving average of $162.70 and a 200-day simple moving average of $145.59. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $24.44 billion, a PE ratio of 30.12, a P/E/G ratio of 1.59 and a beta of 1.01. Global Payments Inc has a 52-week low of $94.81 and a 52-week high of $172.20.

Global Payments (NYSE:GPN) last announced its quarterly earnings results on Tuesday, July 30th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the firm posted $1.29 EPS. The business’s revenue was up 13.4% compared to the same quarter last year. On average, research analysts anticipate that Global Payments Inc will post 5.82 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.01 per share. The ex-dividend date is Thursday, September 12th. This represents a $0.04 annualized dividend and a yield of 0.03%. Global Payments’s dividend payout ratio (DPR) is currently 0.77%.

A number of large investors have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. increased its holdings in Global Payments by 32.2% during 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 acquiring an additional 1,436 shares in the last quarter. MidWestOne Financial Group Inc. purchased a new position in Global Payments during the 2nd quarter valued at about $1,716,000. Integrated Wealth Concepts LLC purchased a new position in Global Payments during the 2nd quarter valued at about $227,000. ADI Capital Management LLC increased its holdings in Global Payments by 80.0% during 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 acquiring an additional 4,000 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC purchased a new position in Global Payments during the 2nd quarter valued at about $96,000. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Several analysts have recently commented on GPN shares. Piper Jaffray Companies set a $195.00 target price on shares of Global Payments and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Deutsche Bank raised their target price on shares of Global Payments from $162.00 to $182.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Wells Fargo & Co raised their target price on shares of Global Payments from $180.00 to $185.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. raised their target price on shares of Global Payments from $140.00 to $151.00 and gave the stock an “overweight” rating in a research note on Monday, May 6th. Finally, Guggenheim upgraded shares of Global Payments from a “neutral” rating to a “buy” rating in a report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $164.74.

About Global Payments

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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Insider Buying and Selling by Quarter for Global Payments (NYSE:GPN)

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