Global Payments Inc. (NYSE:GPN) Director Alan M. Silberstein sold 3,865 shares of the business’s stock in a transaction on Friday, January 13th. The stock was sold at an average price of $77.52, for a total transaction of $299,614.80. Following the completion of the sale, the director now directly owns 58,270 shares of the company’s stock, valued at $4,517,090.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Global Payments Inc. (NYSE:GPN) opened at 77.74 on Friday. The stock has a market cap of $11.84 billion, a PE ratio of 46.97 and a beta of 1.04. Global Payments Inc. has a 12-month low of $51.29 and a 12-month high of $80.88. The stock’s 50 day moving average is $71.85 and its 200-day moving average is $73.68.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Monday, January 9th. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. Global Payments had a net margin of 7.28% and a return on equity of 19.50%. The company earned $817.20 million during the quarter. During the same quarter in the previous year, the business earned $0.76 EPS. The company’s quarterly revenue was up 30.4% compared to the same quarter last year. Equities analysts expect that Global Payments Inc. will post $3.45 EPS for the current year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 24th. Investors of record on Friday, February 10th will be issued a dividend of $0.01 per share. The ex-dividend date is Wednesday, February 8th. This represents a $0.04 dividend on an annualized basis and a yield of 0.05%. Global Payments’s payout ratio is 2.41%.

COPYRIGHT VIOLATION WARNING: “Global Payments Inc. (GPN) Director Sells $299,614.80 in Stock” was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this article on another publication, it was illegally stolen and republished in violation of US and international trademark & copyright law. The correct version of this article can be viewed at http://www.watchlistnews.com/global-payments-inc-gpn-director-sells-299614-80-in-stock/1061164.html.

A number of large investors have recently made changes to their positions in GPN. Northern Trust Corp raised its stake in shares of Global Payments by 1.6% in the third quarter. Northern Trust Corp now owns 1,815,013 shares of the company’s stock worth $139,321,000 after buying an additional 27,744 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in Global Payments by 1.0% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 311,057 shares of the company’s stock valued at $23,877,000 after buying an additional 2,962 shares in the last quarter. BlackRock Advisors LLC raised its stake in Global Payments by 40.2% in the third quarter. BlackRock Advisors LLC now owns 2,846,919 shares of the company’s stock valued at $218,529,000 after buying an additional 816,651 shares in the last quarter. BlackRock Inc. raised its stake in Global Payments by 1.9% in the third quarter. BlackRock Inc. now owns 369,990 shares of the company’s stock valued at $28,401,000 after buying an additional 7,074 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in Global Payments by 2.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 4,403,097 shares of the company’s stock valued at $337,982,000 after buying an additional 98,727 shares in the last quarter. Institutional investors own 94.12% of the company’s stock.

Several analysts have weighed in on GPN shares. William Blair reissued an “outperform” rating on shares of Global Payments in a research note on Tuesday, September 27th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $85.00 price target on shares of Global Payments in a research note on Wednesday, September 28th. Barclays PLC boosted their price target on shares of Global Payments from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Friday, September 30th. Zacks Investment Research raised shares of Global Payments from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research note on Monday, October 3rd. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $85.00 price objective on shares of Global Payments in a research note on Tuesday, October 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eighteen have issued a buy rating to the stock. Global Payments presently has a consensus rating of “Buy” and an average target price of $83.04.

Global Payments Company Profile

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.

5 Day Chart for NYSE:GPN

Receive News & Ratings for Global Payments Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Payments Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.