Global Payments Inc (NYSE:GPN) Director Alan M. Silberstein sold 600 shares of the company’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $119.01, for a total transaction of $71,406.00. Following the transaction, the director now owns 44,269 shares in the company, valued at approximately $5,268,453.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of NYSE GPN traded up $0.26 during trading on Friday, hitting $128.59. 424,316 shares of the company were exchanged, compared to its average volume of 746,483. The firm has a market cap of $20.24 billion, a PE ratio of 32.07, a P/E/G ratio of 1.51 and a beta of 1.20. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.06. Global Payments Inc has a 12-month low of $92.97 and a 12-month high of $129.25.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Thursday, August 2nd. The business services provider reported $1.29 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.07. Global Payments had a return on equity of 17.99% and a net margin of 14.86%. The business had revenue of $982.50 million during the quarter, compared to the consensus estimate of $968.75 million. During the same period in the previous year, the company posted $0.94 earnings per share. The business’s revenue for the quarter was up 18.1% on a year-over-year basis. research analysts expect that Global Payments Inc will post 4.87 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend is Thursday, September 13th. Global Payments’s dividend payout ratio (DPR) is presently 2.99%.

A number of hedge funds have recently made changes to their positions in GPN. FMR LLC grew its holdings in Global Payments by 12.5% in the second quarter. FMR LLC now owns 9,712,626 shares of the business services provider’s stock valued at $1,082,860,000 after purchasing an additional 1,082,153 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Global Payments by 36.5% in the 2nd quarter. Janus Henderson Group PLC now owns 3,501,061 shares of the business services provider’s stock worth $390,333,000 after purchasing an additional 935,336 shares during the period. Temasek Holdings Private Ltd raised its holdings in shares of Global Payments by 252.8% in the 2nd quarter. Temasek Holdings Private Ltd now owns 876,176 shares of the business services provider’s stock worth $97,685,000 after purchasing an additional 627,814 shares during the period. AGF Investments Inc. acquired a new stake in shares of Global Payments in the first quarter valued at about $54,007,000. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Global Payments by 209.3% in the first quarter. The Manufacturers Life Insurance Company now owns 681,013 shares of the business services provider’s stock valued at $75,948,000 after buying an additional 460,813 shares in the last quarter. 96.33% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on GPN shares. Zacks Investment Research raised shares of Global Payments from a “hold” rating to a “buy” rating and set a $124.00 price objective for the company in a research report on Wednesday, June 27th. Cfra reissued a “hold” rating and issued a $119.00 price target on shares of Global Payments in a report on Thursday, August 2nd. ValuEngine raised shares of Global Payments from a “hold” rating to a “buy” rating in a report on Friday, August 3rd. Deutsche Bank raised their target price on shares of Global Payments to $140.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Morgan Stanley raised their price objective on shares of Global Payments from $124.00 to $125.00 and gave the company an “equal weight” rating in a research note on Friday, August 3rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-two have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $118.84.

About Global Payments

Global Payments Inc provides payment technology and software solutions for credit cards, debit cards, electronic payments, and check-related services. 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, online reporting, industry compliance, and payment card industry security services.

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