Robert H. B. Baldwin, Jr. Sells 4,250 Shares of Global Payments Inc (GPN) Stock

Global Payments Inc (NYSE:GPN) Director Robert H. B. Baldwin, Jr. sold 4,250 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $146.36, for a total value of $622,030.00. Following the completion of the transaction, the director now owns 48,382 shares of the company’s stock, valued at approximately $7,081,189.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of NYSE:GPN opened at $149.81 on Friday. The firm has a market cap of $23.80 billion, a price-to-earnings ratio of 29.40, a P/E/G ratio of 1.54 and a beta of 1.20. Global Payments Inc has a 12-month low of $94.81 and a 12-month high of $152.24. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.03 and a quick ratio of 1.03.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Thursday, May 2nd. The business services provider reported $1.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.12. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Global Payments had a return on equity of 19.83% and a net margin of 13.69%. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.13 earnings per share. As a group, research analysts anticipate that Global Payments Inc will post 5.79 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date is Thursday, June 13th. Global Payments’s dividend payout ratio is currently 0.77%.

Hedge funds have recently bought and sold shares of the company. Cornerstone Advisors Inc. raised its stake in shares of Global Payments by 114.9% in the first quarter. Cornerstone Advisors Inc. now owns 202 shares of the business services provider’s stock worth $28,000 after purchasing an additional 108 shares during the last quarter. Berman Capital Advisors LLC raised its stake in shares of Global Payments by 317.5% in the first quarter. Berman Capital Advisors LLC now owns 238 shares of the business services provider’s stock worth $32,000 after purchasing an additional 181 shares during the last quarter. Ranger Investment Management L.P. purchased a new position in shares of Global Payments in the fourth quarter worth $26,000. Lindbrook Capital LLC raised its stake in shares of Global Payments by 171.2% in the first quarter. Lindbrook Capital LLC now owns 320 shares of the business services provider’s stock worth $43,000 after purchasing an additional 202 shares during the last quarter. Finally, Legacy Advisors LLC purchased a new position in shares of Global Payments in the first quarter worth $44,000. Hedge funds and other institutional investors own 99.81% of the company’s stock.

A number of research analysts have recently commented on GPN shares. TheStreet upgraded Global Payments from a “c” rating to a “b-” rating in a research note on Wednesday, February 13th. Jefferies Financial Group started coverage on Global Payments in a research note on Thursday, February 28th. They issued a “buy” rating and a $150.00 target price for the company. Mizuho raised their target price on Global Payments to $136.00 and gave the company a “buy” rating in a research note on Thursday, February 14th. ValuEngine upgraded Global Payments from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Finally, SunTrust Banks raised their target price on Global Payments to $155.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nineteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $143.10.

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About Global Payments

Global Payments Inc provides payment technology and software solutions for card, electronic, check, and digital-based payments. The company operates in three segments: North America, Europe, and Asia-Pacific. It offers authorization services, settlement and funding services, customer support and help-desk functions, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and statements, and online reporting services.

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