Global Payments Inc. (GPN) Director Sells $299,614.80 in Stock
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.
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%.
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.
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