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 Global Payments stock in a transaction dated Thursday, October 13th. The shares were sold at an average price of $73.22, for a total value of $43,932.00. Following the transaction, the director now owns 44,411 shares of the company’s stock, valued at approximately $3,251,773.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Global Payments Inc. (NYSE:GPN) traded down 0.42% during mid-day trading on Friday, reaching $73.04. 927,066 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $75.74 and a 200-day moving average price of $74.32. The stock has a market capitalization of $11.23 billion, a PE ratio of 37.59 and a beta of 1.09. Global Payments Inc. has a 12-month low of $51.29 and a 12-month high of $79.93.
Global Payments (NYSE:GPN) last announced its quarterly earnings data on Wednesday, October 5th. The company reported $0.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.03. The firm had revenue of $939.50 million for the quarter. Global Payments had a net margin of 8.74% and a return on equity of 22.33%. The firm’s revenue for the quarter was up 52.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.79 earnings per share. Equities research analysts expect that Global Payments Inc. will post $3.48 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 25th. Stockholders of record on Friday, November 11th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $0.04 annualized dividend and a dividend yield of 0.05%. Global Payments’s payout ratio is 2.06%.
Several equities analysts have commented on the stock. Robert W. Baird reissued an “outperform” rating and set a $88.00 target price on shares of Global Payments in a research report on Thursday. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $85.00 target price on shares of Global Payments in a research report on Friday, October 7th. Stifel Nicolaus lifted their target price on shares of Global Payments from $75.00 to $76.00 and gave the stock a “hold” rating in a research report on Friday, October 7th. Deutsche Bank AG reissued a “buy” rating and set a $85.00 target price (up previously from $79.00) on shares of Global Payments in a research report on Thursday, October 6th. Finally, Zacks Investment Research raised shares of Global Payments from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research report on Monday, October 3rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $78.03.
Hedge funds have recently made changes to their positions in the stock. Acrospire Investment Management LLC increased its stake in shares of Global Payments by 77.8% in the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the company’s stock valued at $114,000 after buying an additional 700 shares during the last quarter. Financial Architects Inc increased its stake in shares of Global Payments by 1,305.2% in the second quarter. Financial Architects Inc now owns 1,616 shares of the company’s stock valued at $115,000 after buying an additional 1,501 shares during the last quarter. PineBridge Investments L.P. purchased a new stake in shares of Global Payments during the second quarter valued at approximately $139,000. IFP Advisors Inc increased its stake in shares of Global Payments by 39.1% in the second quarter. IFP Advisors Inc now owns 2,263 shares of the company’s stock valued at $162,000 after buying an additional 636 shares during the last quarter. Finally, Mizuho Asset Management Co. Ltd. purchased a new stake in shares of Global Payments during the second quarter valued at approximately $168,000. Hedge funds and other institutional investors own 96.56% of the company’s stock.
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 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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