Shares of Global Payments Inc. (NYSE:GPN) reached a new 52-week high on Tuesday . The company traded as high as $79.09 and last traded at $79.03, with a volume of 495,649 shares changing hands. The stock had previously closed at $78.32.

A number of research firms recently weighed in on GPN. Credit Suisse Group AG restated a “buy” rating on shares of Global Payments in a report on Saturday, April 9th. JPMorgan Chase & Co. restated a “buy” rating on shares of Global Payments in a report on Saturday, April 9th. Nomura restated a “sell” rating on shares of Global Payments in a report on Saturday, June 4th. Citigroup Inc. restated a “buy” rating and issued a $78.00 price objective (up from $73.00) on shares of Global Payments in a report on Thursday, April 7th. Finally, Jefferies Group reiterated a “hold” rating and set a $68.00 price target on shares of Global Payments in a report on Thursday, April 7th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $74.95.

The stock has a 50 day moving average of $74.58 and a 200 day moving average of $68.05. The company has a market capitalization of $9.74 billion and a P/E ratio of 32.95.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.73 EPS for the quarter, hitting the consensus estimate of $0.73. The business had revenue of $747.10 million for the quarter, compared to the consensus estimate of $568.81 million. The company’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.22 EPS. Equities research analysts expect that Global Payments Inc. will post $2.98 earnings per share for the current year.

In other news, Director Robert H. B. Baldwin, Jr. sold 6,500 shares of the company’s stock in a transaction that occurred on Monday, July 18th. The shares were sold at an average price of $76.61, for a total value of $497,965.00. Following the transaction, the director now owns 362,063 shares in the company, valued at $27,737,646.43. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William I. Jacobs sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $72.87, for a total transaction of $87,444.00. Following the completion of the transaction, the director now owns 45,916 shares in the company, valued at approximately $3,345,898.92. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased 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 in the last quarter. Systematic Financial Management LP increased its position in shares of Global Payments by 889.7% in the fourth quarter. Systematic Financial Management LP now owns 1,256,784 shares of the company’s stock valued at $81,075,000 after buying an additional 1,129,804 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Global Payments by 74.8% in the fourth quarter. Wells Fargo & Company MN now owns 2,265,092 shares of the company’s stock valued at $146,121,000 after buying an additional 969,442 shares in the last quarter. Jennison Associates LLC increased its position in shares of Global Payments by 42.4% in the fourth quarter. Jennison Associates LLC now owns 2,329,229 shares of the company’s stock valued at $150,259,000 after buying an additional 693,988 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Global Payments by 101.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 815,399 shares of the company’s stock valued at $52,605,000 after buying an additional 410,006 shares in 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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