William I. Jacobs Sells 600 Shares of Global Payments Inc. (GPN) Stock
Global Payments Inc. (NYSE:GPN) Director William I. Jacobs sold 600 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $98.32, for a total transaction of $58,992.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Global Payments Inc. (NYSE:GPN) traded down $0.19 during trading on Friday, reaching $100.03. The company had a trading volume of 622,820 shares, compared to its average volume of 1,121,023. Global Payments Inc. has a fifty-two week low of $65.91 and a fifty-two week high of $104.83. The company has a market cap of $15,950.00, a PE ratio of 27.24, a P/E/G ratio of 1.86 and a beta of 1.14. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.27.
Global Payments (NYSE:GPN) last announced its quarterly earnings results on Wednesday, November 8th. The business services provider reported $1.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.12. Global Payments had a return on equity of 18.50% and a net margin of 7.14%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $917.31 million. During the same period in the prior year, the business posted $0.89 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. research analysts predict that Global Payments Inc. will post 3.81 earnings per share for the current fiscal year.
The business also recently declared 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. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. The ex-dividend date is Thursday, December 14th. Global Payments’s dividend payout ratio is presently 2.27%.
Institutional investors and hedge funds have recently made changes to their positions in the company. Sun Life Financial INC increased its position in shares of Global Payments by 15,728.6% during the second quarter. Sun Life Financial INC now owns 1,108 shares of the business services provider’s stock valued at $100,000 after buying an additional 1,101 shares during the period. Thompson Davis & CO. Inc. increased its position in shares of Global Payments by 0.8% during the second quarter. Thompson Davis & CO. Inc. now owns 1,197 shares of the business services provider’s stock valued at $108,000 after buying an additional 10 shares during the period. Intellectus Partners LLC bought a new stake in shares of Global Payments during the second quarter valued at about $128,000. Commonwealth Bank of Australia increased its position in shares of Global Payments by 13.6% during the second quarter. Commonwealth Bank of Australia now owns 1,466 shares of the business services provider’s stock valued at $131,000 after buying an additional 176 shares during the period. Finally, Stephens Inc. AR bought a new stake in shares of Global Payments during the second quarter valued at about $143,000. Hedge funds and other institutional investors own 97.90% of the company’s stock.
A number of equities analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Global Payments from a “buy” rating to a “hold” rating in a report on Friday, July 21st. William Blair reaffirmed an “outperform” rating on shares of Global Payments in a report on Monday, July 24th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $100.00 price objective on shares of Global Payments in a report on Thursday, August 3rd. Royal Bank Of Canada cut their price objective on shares of Global Payments from $103.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, August 4th. Finally, Barclays PLC lifted their price objective on shares of Global Payments from $98.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $105.01.
About Global Payments
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.
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