Global Payments Inc. (GPN) Director Alan M. Silberstein Sells 600 Shares of Stock
Global Payments Inc. (NYSE:GPN) Director Alan M. Silberstein sold 600 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $100.48, for a total transaction of $60,288.00. Following the completion of the transaction, the director now directly owns 45,493 shares in the company, valued at approximately $4,571,136.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Global Payments Inc. (GPN) traded up $1.04 during mid-day trading on Friday, reaching $103.47. 266,019 shares of the company’s stock were exchanged, compared to its average volume of 1,112,893. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.14 and a quick ratio of 1.14. 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 capitalization of $16,300.96, a PE ratio of 27.53, a price-to-earnings-growth ratio of 1.88 and a beta of 1.14.
Global Payments (NYSE:GPN) last posted its quarterly earnings data on Wednesday, November 8th. The business services provider reported $1.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.12. Global Payments had a net margin of 7.14% and a return on equity of 18.50%. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $917.31 million. During the same quarter in the previous year, the business posted $0.89 earnings per share. The business’s revenue was up 9.1% compared to the same quarter last year. equities research analysts forecast that Global Payments Inc. will post 3.81 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date is Thursday, December 14th. Global Payments’s dividend payout ratio (DPR) is 2.23%.
A number of equities research analysts recently issued reports on GPN shares. Bank of America Corporation started coverage on shares of Global Payments in a research note on Tuesday, September 12th. They set a “buy” rating and a $110.00 price target on the stock. Cowen Inc reaffirmed a “buy” rating and set a $102.00 price target on shares of Global Payments in a research note on Friday, September 8th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $103.00 price target on shares of Global Payments in a research note on Wednesday, September 6th. Robert W. Baird reaffirmed a “buy” rating and set a $106.00 price target on shares of Global Payments in a research note on Tuesday, September 5th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $100.00 price target on shares of Global Payments in a research note on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-three have given a buy rating to the company. Global Payments has an average rating of “Buy” and a consensus price target of $105.01.
Hedge funds have recently bought and sold shares of the business. Sun Life Financial INC increased its position in 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 acquiring an additional 1,101 shares during the last quarter. Thompson Davis & CO. Inc. grew its holdings in shares of Global Payments by 0.8% in the second quarter. Thompson Davis & CO. Inc. now owns 1,197 shares of the business services provider’s stock worth $108,000 after purchasing an additional 10 shares during the last quarter. Intellectus Partners LLC bought a new position in shares of Global Payments in the second quarter worth about $128,000. Commonwealth Bank of Australia grew its holdings in shares of Global Payments by 13.6% in the second quarter. Commonwealth Bank of Australia now owns 1,466 shares of the business services provider’s stock worth $131,000 after purchasing an additional 176 shares during the last quarter. Finally, Stephens Inc. AR bought a new position in shares of Global Payments in the second quarter worth about $143,000. Institutional investors and hedge funds own 91.13% of the company’s stock.
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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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