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%.

WARNING: “William I. Jacobs Sells 600 Shares of Global Payments Inc. (GPN) Stock” was originally published by Daily Political and is the property of of Daily Political. If you are reading this report on another website, it was stolen and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be accessed at https://www.dailypolitical.com/2017/11/18/william-i-jacobs-sells-600-shares-of-global-payments-inc-gpn-stock.html.

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.

Insider Buying and Selling by Quarter for Global Payments (NYSE:GPN)

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.