Global Payments Inc (NYSE:GPN) Director Joia M. Johnson acquired 575 shares of Global Payments stock in a transaction that occurred on Tuesday, November 5th. The shares were purchased at an average price of $169.35 per share, with a total value of $97,376.25. Following the purchase, the director now owns 1,787 shares in the company, valued at $302,628.45. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Global Payments stock opened at $170.26 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.32. Global Payments Inc has a 12-month low of $94.81 and a 12-month high of $175.95. The firm has a market capitalization of $26.09 billion, a price-to-earnings ratio of 32.81, a PEG ratio of 1.69 and a beta of 0.98. The firm’s 50 day simple moving average is $162.19 and its two-hundred day simple moving average is $159.29.

Global Payments (NYSE:GPN) last issued its quarterly earnings results on Thursday, October 31st. The business services provider reported $1.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.03. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.16 billion. Global Payments had a net margin of 10.59% and a return on equity of 9.05%. Global Payments’s revenue for the quarter was up 27.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.44 EPS. On average, sell-side analysts predict that Global Payments Inc will post 5.83 EPS for the current fiscal year.

GPN has been the subject of several recent analyst reports. UBS Group initiated coverage on shares of Global Payments in a research note on Monday, October 14th. They set a “buy” rating and a $193.00 price objective for the company. KeyCorp boosted their price objective on shares of Global Payments from $160.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, September 5th. Wells Fargo & Co upped their price target on shares of Global Payments from $185.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Wolfe Research set a $195.00 price target on shares of Global Payments and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Goldman Sachs Group restated a “buy” rating and set a $212.00 price target on shares of Global Payments in a research note on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $177.97.

Several large investors have recently added to or reduced their stakes in GPN. Synovus Financial Corp increased its stake in shares of Global Payments by 622,774.1% in the third quarter. Synovus Financial Corp now owns 9,293,282 shares of the business services provider’s stock worth $1,477,630,000 after acquiring an additional 9,291,790 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Global Payments by 47.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,702,977 shares of the business services provider’s stock worth $1,383,773,000 after acquiring an additional 2,810,085 shares during the period. Coatue Management LLC acquired a new stake in shares of Global Payments in the second quarter worth $297,076,000. Price T Rowe Associates Inc. MD increased its stake in shares of Global Payments by 7.2% in the second quarter. Price T Rowe Associates Inc. MD now owns 20,699,119 shares of the business services provider’s stock worth $3,314,531,000 after acquiring an additional 1,392,325 shares during the period. Finally, California Public Employees Retirement System increased its stake in shares of Global Payments by 444.9% in the third quarter. California Public Employees Retirement System now owns 1,443,432 shares of the business services provider’s stock worth $229,506,000 after acquiring an additional 1,178,539 shares during the period. Hedge funds and other institutional investors own 97.09% of the company’s stock.

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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