Robert H. B. Baldwin, Jr. Sells 6,500 Shares of Global Payments Inc. (GPN) Stock
Global Payments Inc. (NYSE:GPN) Director Robert H. B. Baldwin, Jr. sold 6,500 shares of Global Payments stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $74.73, for a total transaction of $485,745.00. Following the completion of the sale, the director now owns 349,063 shares of the company’s stock, valued at approximately $26,085,477.99. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Global Payments Inc. (NYSE:GPN) opened at 76.05 on Friday. The firm has a market cap of $11.68 billion, a P/E ratio of 37.28 and a beta of 1.16. Global Payments Inc. has a 52-week low of $51.29 and a 52-week high of $79.93. The company’s 50 day moving average is $75.15 and its 200-day moving average is $72.66.
Global Payments (NYSE:GPN) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.73 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.73. The company had revenue of $747.10 million for the quarter, compared to analysts’ expectations of $568.81 million. Global Payments had a net margin of 9.37% and a return on equity of 27.99%. Global Payments’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.22 earnings per share. On average, equities analysts predict that Global Payments Inc. will post $3.47 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Investors of record on Friday, August 12th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.05%. The ex-dividend date was Wednesday, August 10th. Global Payments’s dividend payout ratio (DPR) is 1.95%.
Several analysts have weighed in on the stock. Nomura reiterated a “sell” rating on shares of Global Payments in a research note on Saturday, June 4th. Zacks Investment Research cut shares of Global Payments from a “buy” rating to a “hold” rating in a research note on Tuesday, June 7th. Robert W. Baird reissued an “outperform” rating and issued a $85.00 target price on shares of Global Payments in a report on Tuesday, September 6th. Barclays PLC raised their target price on shares of Global Payments from $73.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, July 29th. Finally, Credit Suisse Group AG reissued a “buy” rating on shares of Global Payments in a report on Monday, June 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $76.87.
Several hedge funds and other institutional investors have recently bought and sold shares of GPN. FMR LLC boosted its position in Global Payments by 7.2% in the second quarter. FMR LLC now owns 15,448,116 shares of the company’s stock valued at $1,102,686,000 after buying an additional 1,033,050 shares during the period. Vanguard Group Inc. boosted its position in Global Payments by 44.3% in the second quarter. Vanguard Group Inc. now owns 13,969,774 shares of the company’s stock valued at $997,163,000 after buying an additional 4,289,181 shares during the period. Wellington Management Group LLP boosted its position in Global Payments by 227.4% in the first quarter. Wellington Management Group LLP now owns 11,997,800 shares of the company’s stock valued at $783,456,000 after buying an additional 8,333,396 shares during the period. State Street Corp boosted its position in Global Payments by 35.8% in the second quarter. State Street Corp now owns 5,512,377 shares of the company’s stock valued at $393,482,000 after buying an additional 1,454,637 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in Global Payments by 30.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 5,367,430 shares of the company’s stock valued at $383,127,000 after buying an additional 1,259,406 shares during the period. Institutional investors own 96.56% of the company’s stock.
About Global Payments
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.
Receive News & Ratings for Global Payments Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Payments Inc. and related companies with MarketBeat.com's FREE daily email newsletter.