Investors purchased shares of Global Payments Inc. (NYSE:GPN) on weakness during trading hours on Wednesday after an insider sold shares in the company. $32.43 million flowed into the stock on the tick-up and $13.58 million flowed out of the stock on the tick-down, for a money net flow of $18.85 million into the stock. Of all stocks tracked, Global Payments had the 28th highest net in-flow for the day. Global Payments traded down ($1.95) for the day and closed at $99.39Specifically, Director Robert H. B. Baldwin, Jr. sold 26,000 shares of the company’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $99.82, for a total value of $2,595,320.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William I. Jacobs sold 600 shares of the company’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $99.40, for a total transaction of $59,640.00. The disclosure for this sale can be found here. Insiders sold 71,555 shares of company stock worth $6,951,810 in the last ninety days. 0.93% of the stock is currently owned by corporate insiders.

GPN has been the topic of several research reports. Stifel Nicolaus reissued a “buy” rating and set a $103.00 price target (up previously from $102.00) on shares of Global Payments in a research report on Friday, August 4th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $100.00 price target on shares of Global Payments in a research report on Thursday, August 3rd. Cowen and Company reissued a “buy” rating and set a $102.00 price target on shares of Global Payments in a research report on Friday, September 8th. Royal Bank Of Canada reissued a “buy” rating and set a $103.00 price target on shares of Global Payments in a research report on Wednesday, September 6th. Finally, Robert W. Baird reissued a “buy” rating and set a $106.00 price target on shares of Global Payments in a research report on Tuesday, September 5th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $104.56.

The stock has a market cap of $15,950.00, a P/E ratio of 27.24, a P/E/G ratio of 1.86 and a beta of 1.14. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.27.

Global Payments (NYSE:GPN) last announced its earnings results on Wednesday, November 8th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.12. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $917.31 million. Global Payments had a net margin of 7.14% and a return on equity of 18.50%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the firm posted $0.89 earnings per share. sell-side analysts forecast that Global Payments Inc. will post 3.81 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. Global Payments’s dividend payout ratio (DPR) is presently 2.27%.

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in shares of Global Payments by 162.0% during the second quarter. JPMorgan Chase & Co. now owns 3,284,298 shares of the business services provider’s stock worth $296,636,000 after acquiring an additional 2,030,880 shares during the last quarter. North Star Asset Management Inc. grew its position in shares of Global Payments by 0.9% during the third quarter. North Star Asset Management Inc. now owns 176,000 shares of the business services provider’s stock worth $14,200,000 after acquiring an additional 1,637 shares during the last quarter. Aviva PLC grew its position in shares of Global Payments by 0.6% during the second quarter. Aviva PLC now owns 93,792 shares of the business services provider’s stock worth $8,472,000 after acquiring an additional 560 shares during the last quarter. Nationwide Fund Advisors grew its position in shares of Global Payments by 3.5% during the second quarter. Nationwide Fund Advisors now owns 259,572 shares of the business services provider’s stock worth $23,445,000 after acquiring an additional 8,821 shares during the last quarter. Finally, Shelton Capital Management grew its position in shares of Global Payments by 13.0% during the second quarter. Shelton Capital Management now owns 18,126 shares of the business services provider’s stock worth $1,637,000 after acquiring an additional 2,086 shares during the last quarter. Institutional investors and hedge funds own 97.90% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Investors Buy Global Payments Inc. (GPN) on Weakness After Insider Selling” was originally reported by Daily Political and is owned by of Daily Political. If you are viewing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2017/11/16/investors-buy-global-payments-inc-gpn-on-weakness-after-insider-selling.html.

Global Payments Company Profile

Global Payments Inc is a provider of payment technology services. The Company provides payment and digital commerce solutions. The Company operates through three segments: North America, Europe and Asia-Pacific. The Company’s 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.