Global Payments Inc (NYSE:GPN) Director Joia M. Johnson purchased 560 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was acquired at an average price of $178.45 per share, with a total value of $99,932.00. Following the completion of the acquisition, the director now directly owns 2,347 shares in the company, valued at approximately $418,822.15. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.
NYSE GPN traded down $1.45 during trading hours on Wednesday, hitting $175.97. The company had a trading volume of 1,141,915 shares, compared to its average volume of 1,565,153. Global Payments Inc has a fifty-two week low of $94.81 and a fifty-two week high of $182.13. The company has a market capitalization of $53.32 billion, a price-to-earnings ratio of 33.91, a P/E/G ratio of 1.83 and a beta of 0.98. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.17. The firm’s 50 day moving average is $170.99 and its 200 day moving average is $163.29.
Global Payments (NYSE:GPN) last announced its quarterly earnings results on Thursday, October 31st. The business services provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.03. Global Payments had a return on equity of 9.05% and a net margin of 10.59%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the firm earned $1.44 EPS. The firm’s quarterly revenue was up 27.4% compared to the same quarter last year. On average, equities analysts anticipate that Global Payments Inc will post 5.83 EPS for the current year.
Several research analysts have weighed in on the company. William Blair reiterated an “outperform” rating on shares of Global Payments in a report on Thursday, October 17th. Wolfe Research set a $195.00 price objective on Global Payments and gave the stock a “buy” rating in a report on Friday, November 1st. Robert W. Baird upped their price objective on Global Payments from $188.00 to $203.00 and gave the stock an “outperform” rating in a report on Wednesday, September 18th. SunTrust Banks upped their price objective on Global Payments from $190.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Finally, Nomura upped their price objective on Global Payments from $105.00 to $120.00 and gave the stock a “reduce” rating in a report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-one have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $177.56.
A number of hedge funds and other institutional investors have recently made changes to their positions in GPN. Next Capital Management LLC acquired a new stake in Global Payments in the 2nd quarter valued at $25,000. Citizens Financial Group Inc RI purchased a new position in Global Payments in the 2nd quarter valued at about $27,000. First Financial Corp IN purchased a new position in Global Payments in the 3rd quarter valued at about $27,000. Tarbox Family Office Inc. boosted its position in Global Payments by 130.7% in the 3rd quarter. Tarbox Family Office Inc. now owns 173 shares of the business services provider’s stock valued at $28,000 after buying an additional 98 shares during the last quarter. Finally, Resources Management Corp CT ADV purchased a new position in Global Payments in the 3rd quarter valued at about $32,000. Hedge funds and other institutional investors own 87.90% of the company’s stock.
Global Payments Company Profile
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.
Recommended Story: No Load Funds
Receive News & Ratings for Global Payments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Payments and related companies with MarketBeat.com's FREE daily email newsletter.