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.
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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