Global Payments Inc. (GPN) Shares Down 1.1%
Global Payments Inc. (NYSE:GPN) shares dropped 1.1% during mid-day trading on Friday . The company traded as low as $75.82 and last traded at $75.99, with a volume of 893,263 shares. The stock had previously closed at $76.82.
GPN has been the subject of a number of recent research reports. Barclays PLC decreased their price target on shares of Global Payments from $78.00 to $73.00 and set an “equal weight” rating for the company in a research note on Thursday, July 7th. Nomura lifted their price target on shares of Global Payments from $64.00 to $66.00 in a research note on Friday, July 29th. Robert W. Baird reiterated a “buy” rating on shares of Global Payments in a research note on Monday, May 16th. 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 note on Tuesday, May 24th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Global Payments from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, July 29th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $75.91.
The firm has a market cap of $11.73 billion and a price-to-earnings ratio of 37.41. The company has a 50 day moving average of $75.68 and a 200-day moving average of $71.28.
Global Payments (NYSE:GPN) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.73 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.73. During the same quarter last year, the business earned $1.22 earnings per share. The firm had revenue of $747.10 million for the quarter, compared to the consensus estimate of $568.81 million. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. Equities research analysts anticipate that Global Payments Inc. will post $3.47 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Investors of record on Friday, August 12th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.05%. The ex-dividend date was Wednesday, August 10th.
In other Global Payments news, COO David E. Mangum sold 8,400 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $74.71, for a total value of $627,564.00. Following the sale, the chief operating officer now directly owns 172,060 shares in the company, valued at $12,854,602.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William I. Jacobs sold 600 shares of the firm’s stock in a transaction on Monday, June 13th. The shares were sold at an average price of $73.73, for a total value of $44,238.00. Following the completion of the sale, the director now owns 45,906 shares in the company, valued at $3,384,649.38. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Global Payments stock. AJO LP increased its position in shares of Global Payments Inc. (NYSE:GPN) by 100.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 21,400 shares of the company’s stock after buying an additional 10,700 shares during the period. AJO LP’s holdings in Global Payments were worth $1,381,000 as of its most recent SEC filing.
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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