Alan M. Silberstein Sells 600 Shares of Global Payments Inc. (GPN) Stock
Global Payments Inc. (NYSE:GPN) Director Alan M. Silberstein sold 600 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $97.70, for a total value of $58,620.00. Following the completion of the sale, the director now owns 46,693 shares of the company’s stock, valued at $4,561,906.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Global Payments Inc. (NYSE:GPN) opened at 96.34 on Friday. The company has a 50 day moving average of $95.36 and a 200-day moving average of $88.50. The company has a market cap of $14.69 billion, a PE ratio of 74.74 and a beta of 1.11. Global Payments Inc. has a 12-month low of $64.63 and a 12-month high of $98.14.
Global Payments (NYSE:GPN) last posted its quarterly earnings results on Thursday, August 3rd. The business services provider reported $0.94 EPS for the quarter, beating 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 firm had revenue of $847.90 million for the quarter, compared to analysts’ expectations of $837.76 million. During the same quarter in the prior year, the company posted $0.76 earnings per share. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. Equities research analysts anticipate that Global Payments Inc. will post $3.95 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date of this dividend is Thursday, September 14th. Global Payments’s payout ratio is 2.45%.
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Large investors have recently bought and sold shares of the company. Sun Life Financial INC boosted its holdings in 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 worth $100,000 after purchasing an additional 1,101 shares during the last quarter. Thompson Davis & CO. Inc. boosted its holdings in 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 purchased a new stake in Global Payments in the second quarter worth approximately $128,000. Commonwealth Bank of Australia boosted its holdings in 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 purchased a new stake in Global Payments in the second quarter worth approximately $143,000. Hedge funds and other institutional investors own 97.84% of the company’s stock.
A number of equities analysts have issued reports on the company. BidaskClub downgraded Global Payments from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th. Cowen and Company reiterated a “buy” rating and set a $102.00 price target on shares of Global Payments in a research note on Friday, September 8th. Stifel Nicolaus assumed coverage on Global Payments in a research note on Thursday, June 1st. They set a “buy” rating and a $102.00 price target for the company. Bank of America Corporation assumed coverage on Global Payments in a research note on Tuesday, September 12th. They set a “buy” rating and a $110.00 price target for the company. Finally, Wells Fargo & Company upgraded Global Payments from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $90.00 to $110.00 in a research note on Friday, August 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-one have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $98.26.
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 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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