Global Payments Inc (NYSE:GPN) – Analysts at Jefferies Financial Group issued their Q3 2019 EPS estimates for Global Payments in a research note issued to investors on Wednesday, October 16th. Jefferies Financial Group analyst T. Williams anticipates that the business services provider will post earnings per share of $1.61 for the quarter. Jefferies Financial Group also issued estimates for Global Payments’ Q4 2019 earnings at $1.52 EPS, FY2019 earnings at $5.83 EPS, Q1 2020 earnings at $1.54 EPS, Q2 2020 earnings at $1.71 EPS, Q3 2020 earnings at $1.81 EPS, Q4 2020 earnings at $1.81 EPS and FY2020 earnings at $6.86 EPS.
Global Payments (NYSE:GPN) last issued its quarterly earnings results on Tuesday, July 30th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $1.11 billion. During the same period in the previous year, the business earned $1.29 EPS. The company’s revenue was up 13.4% compared to the same quarter last year.
Shares of GPN stock opened at $155.13 on Monday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.20. Global Payments has a 1 year low of $94.81 and a 1 year high of $175.95. The firm’s fifty day moving average price is $163.02 and its two-hundred day moving average price is $156.93. The firm has a market capitalization of $24.64 billion, a P/E ratio of 29.89, a PEG ratio of 1.64 and a beta of 1.00.
The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend was Thursday, September 12th. Global Payments’s payout ratio is 0.77%.
In related news, Director Alan M. Silberstein sold 700 shares of Global Payments stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $156.18, for a total transaction of $109,326.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ruth Ann Marshall sold 5,000 shares of Global Payments stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $160.24, for a total transaction of $801,200.00. Following the sale, the director now directly owns 43,677 shares of the company’s stock, valued at approximately $6,998,802.48. The disclosure for this sale can be found here. Insiders have sold a total of 34,410 shares of company stock valued at $5,672,260 in the last ninety days. 0.88% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in the stock. Skandinaviska Enskilda Banken AB publ boosted its holdings in Global Payments by 2.1% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 20,841 shares of the business services provider’s stock valued at $3,337,000 after purchasing an additional 435 shares during the period. First Hawaiian Bank bought a new stake in Global Payments in the 3rd quarter valued at about $1,642,000. Berman Capital Advisors LLC boosted its holdings in Global Payments by 62.2% in the 2nd quarter. Berman Capital Advisors LLC now owns 386 shares of the business services provider’s stock valued at $61,000 after purchasing an additional 148 shares during the period. Advisory Services Network LLC boosted its holdings in Global Payments by 123.4% in the 2nd quarter. Advisory Services Network LLC now owns 277 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 153 shares during the period. Finally, Bank of Montreal Can boosted its holdings in Global Payments by 27.9% in the 2nd quarter. Bank of Montreal Can now owns 268,719 shares of the business services provider’s stock valued at $43,030,000 after purchasing an additional 58,595 shares during the period. 97.09% of the stock is owned by institutional investors and hedge funds.
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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