Shares of Global Payments Inc. (NYSE:GPN) saw an uptick in trading volume on Thursday . 1,826,969 shares traded hands during mid-day trading, an increase of 64% from the previous session’s volume of 1,112,106 shares.The stock last traded at $77.53 and had previously closed at $78.43.

A number of research firms have weighed in on GPN. Nomura dropped their price target on shares of Global Payments from $65.00 to $64.00 and set a “reduce” rating for the company in a research report on Friday, June 3rd. Zacks Investment Research upgraded 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 report on Tuesday, May 24th. William Blair began coverage on shares of Global Payments in a research report on Tuesday, April 19th. They issued an “outperform” rating for the company. Compass Point began coverage on shares of Global Payments in a research report on Friday, April 15th. They issued a “neutral” rating and a $70.00 price target for the company. Finally, Credit Suisse Group AG reiterated a “buy” rating and issued a $80.00 price target on shares of Global Payments in a research report on Friday, April 15th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have assigned a buy rating to the stock. Global Payments has an average rating of “Buy” and a consensus price target of $74.95.

The stock has a 50-day moving average of $74.63 and a 200 day moving average of $68.12. The firm has a market cap of $10.11 billion and a P/E ratio of 34.17.

Global Payments (NYSE:GPN) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.73 earnings per share for the quarter, meeting the consensus estimate of $0.73. The firm had revenue of $747.10 million for the quarter, compared to analyst estimates of $568.81 million. The company’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.22 EPS. On average, equities analysts anticipate that Global Payments Inc. will post $2.98 earnings per share for the current year.

In other news, Director William I. Jacobs sold 1,200 shares of the business’s stock in a transaction dated Monday, May 2nd. The shares were sold at an average price of $72.87, for a total transaction of $87,444.00. Following the transaction, the director now owns 45,916 shares of the company’s stock, valued at approximately $3,345,898.92. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director William I. Jacobs sold 600 shares of the business’s stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of $75.80, for a total transaction of $45,480.00. Following the transaction, the director now directly owns 44,716 shares in the company, valued at approximately $3,389,472.80. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently made changes to their positions in the company. OppenheimerFunds Inc. boosted its position in shares of Global Payments by 114.0% in the fourth quarter. OppenheimerFunds Inc. now owns 340,597 shares of the company’s stock valued at $21,972,000 after buying an additional 181,447 shares during the last quarter. State of Wisconsin Investment Board boosted its position in shares of Global Payments by 98.0% in the fourth quarter. State of Wisconsin Investment Board now owns 98,390 shares of the company’s stock valued at $6,347,000 after buying an additional 48,705 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Global Payments by 112.0% in the fourth quarter. Vanguard Group Inc. now owns 9,369,157 shares of the company’s stock valued at $604,403,000 after buying an additional 4,950,084 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Global Payments by 100.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 37,657 shares of the company’s stock valued at $2,429,000 after buying an additional 18,858 shares during the last quarter. Finally, Morgan Stanley boosted its position in shares of Global Payments by 28.2% in the fourth quarter. Morgan Stanley now owns 336,984 shares of the company’s stock valued at $21,740,000 after buying an additional 74,098 shares during the last quarter.

Global Payments Inc is a provider of payment technology services. The Company provides payment and digital commerce solutions. The Company operates in two segments: North America merchant services and International merchant services. The Company’s North America merchant services and International merchant services segments primarily provide payment solutions for credit cards, debit cards, electronic payments and check-related services.

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