Global Payments Inc. (NYSE:GPN) Director Robert H. B. Baldwin, Jr. sold 5,600 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $94.58, for a total transaction of $529,648.00. Following the completion of the transaction, the director now directly owns 178,177 shares in the company, valued at approximately $16,851,980.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Global Payments Inc. (GPN) traded up 0.30% on Wednesday, reaching $94.60. 789,161 shares of the company’s stock traded hands. Global Payments Inc. has a 52-week low of $64.63 and a 52-week high of $97.99. The firm’s 50 day moving average price is $92.88 and its 200 day moving average price is $85.57. The firm has a market capitalization of $14.43 billion, a PE ratio of 73.39 and a beta of 1.09.

Global Payments (NYSE:GPN) last announced its earnings results on Thursday, August 3rd. The business services provider reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.07. Global Payments had a net margin of 6.65% and a return on equity of 18.32%. The company had revenue of $847.90 million for the quarter, compared to analyst estimates of $837.76 million. During the same period in the prior year, the business earned $0.76 earnings per share. Global Payments’s quarterly revenue was up 18.4% on a year-over-year basis. On average, analysts predict that Global Payments Inc. will post $3.95 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.01 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.04 annualized dividend and a yield of 0.04%. Global Payments’s dividend payout ratio is currently 3.07%.

COPYRIGHT VIOLATION WARNING: “Global Payments Inc. (GPN) Director Sells $529,648.00 in Stock” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another domain, it was stolen and reposted in violation of international copyright & trademark law. The legal version of this article can be accessed at https://www.thecerbatgem.com/2017/08/16/global-payments-inc-gpn-director-sells-529648-00-in-stock.html.

A number of institutional investors have recently made changes to their positions in the stock. Sun Life Financial INC raised its position in shares of Global Payments by 15,728.6% in 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 in the last quarter. Thompson Davis & CO. Inc. raised its position 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 valued at $108,000 after buying an additional 10 shares in the last quarter. Intellectus Partners LLC acquired a new position in shares of Global Payments during the second quarter valued at $128,000. Commonwealth Bank of Australia raised its position 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 valued at $131,000 after buying an additional 176 shares in the last quarter. Finally, Stephens Inc. AR acquired a new position in shares of Global Payments during the second quarter valued at $143,000. Institutional investors and hedge funds own 98.62% of the company’s stock.

A number of equities research analysts have recently weighed in on GPN shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $90.00 price target on shares of Global Payments in a report on Monday, May 15th. Barclays PLC lifted their price target on Global Payments from $98.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, August 4th. Credit Suisse Group reaffirmed an “outperform” rating and set a $97.00 price target (up previously from $91.00) on shares of Global Payments in a report on Thursday, July 13th. Instinet reaffirmed a “reduce” rating and set a $79.00 price target (up previously from $70.00) on shares of Global Payments in a report on Wednesday, May 17th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Global Payments in a report on Monday, May 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $94.58.

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 & Stock 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 stocks with our FREE daily email newsletter.