Global Payments Inc (GPN) Director Sells $63,630.00 in Stock
Global Payments Inc (NYSE:GPN) Director Alan M. Silberstein sold 600 shares of the business’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $106.05, for a total value of $63,630.00. Following the sale, the director now owns 44,293 shares in the company, valued at approximately $4,697,272.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Global Payments Inc (NYSE GPN) traded up $0.38 during trading on Thursday, reaching $106.18. The company’s stock had a trading volume of 642,029 shares, compared to its average volume of 1,012,533. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.27. Global Payments Inc has a 1-year low of $75.88 and a 1-year high of $106.78. The stock has a market cap of $16,910.00, a price-to-earnings ratio of 60.33, a PEG ratio of 1.62 and a beta of 1.11.
Global Payments (NYSE:GPN) last released its quarterly earnings data on Wednesday, November 8th. The business services provider reported $1.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.12. Global Payments had a return on equity of 18.50% and a net margin of 7.14%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $917.31 million. During the same quarter in the prior year, the firm posted $0.89 EPS. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. sell-side analysts forecast that Global Payments Inc will post 3.81 earnings per share for the current fiscal year.
A number of brokerages have recently weighed in on GPN. Deutsche Bank restated a “buy” rating and set a $115.00 price target (up previously from $100.00) on shares of Global Payments in a research note on Tuesday, October 10th. Buckingham Research began coverage on Global Payments in a research report on Monday, October 2nd. They issued a “buy” rating and a $113.00 target price on the stock. William Blair reiterated an “ourperform” rating on shares of Global Payments in a research report on Friday, September 22nd. KeyCorp began coverage on Global Payments in a research report on Friday, September 22nd. They issued an “overweight” rating and a $110.00 target price on the stock. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $113.00 target price on shares of Global Payments in a research report on Friday, November 17th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twenty-one have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $107.79.
A number of institutional investors have recently added to or reduced their stakes in the business. Oakbrook Investments LLC boosted its position in Global Payments by 96.8% in the 4th quarter. Oakbrook Investments LLC now owns 14,170 shares of the business services provider’s stock worth $1,420,000 after purchasing an additional 6,970 shares in the last quarter. Westpac Banking Corp boosted its position in Global Payments by 20.4% in the 4th quarter. Westpac Banking Corp now owns 21,228 shares of the business services provider’s stock worth $2,128,000 after purchasing an additional 3,600 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in Global Payments by 9.3% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 554,013 shares of the business services provider’s stock worth $55,535,000 after purchasing an additional 47,000 shares in the last quarter. Bank of Montreal Can boosted its position in Global Payments by 42.8% in the 4th quarter. Bank of Montreal Can now owns 156,231 shares of the business services provider’s stock worth $15,661,000 after purchasing an additional 46,850 shares in the last quarter. Finally, Atria Investments LLC raised its stake in shares of Global Payments by 32.4% during the 4th quarter. Atria Investments LLC now owns 4,609 shares of the business services provider’s stock worth $462,000 after buying an additional 1,128 shares during the period. Institutional investors and hedge funds own 98.82% of the company’s stock.
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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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