Global Payments Inc. (NYSE:GPN - Get Free Report) Director Robert H. B. Baldwin, Jr. purchased 5,800 shares of the business's stock in a transaction dated Friday, December 13th. The stock was bought at an average cost of $116.00 per share, with a total value of $672,800.00. Following the completion of the acquisition, the director now directly owns 42,738 shares of the company's stock, valued at approximately $4,957,608. This trade represents a 15.70 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link.
Global Payments Price Performance
Shares of NYSE:GPN opened at $113.99 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65. The stock has a market cap of $29.01 billion, a PE ratio of 21.47, a PEG ratio of 0.90 and a beta of 1.00. The company's fifty day moving average is $110.08 and its 200 day moving average is $104.68. Global Payments Inc. has a 52 week low of $91.60 and a 52 week high of $141.77.
Global Payments Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Friday, December 13th. Global Payments's dividend payout ratio (DPR) is presently 18.83%.
Analyst Upgrades and Downgrades
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A number of analysts recently issued reports on the company. Seaport Res Ptn cut Global Payments from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 24th. Jefferies Financial Group lowered their price target on shares of Global Payments from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Wednesday, October 16th. BMO Capital Markets reduced their price objective on shares of Global Payments from $126.00 to $122.00 and set a "market perform" rating for the company in a research note on Wednesday, September 25th. Susquehanna reiterated a "positive" rating and issued a $147.00 target price on shares of Global Payments in a research note on Tuesday, September 17th. Finally, William Blair downgraded shares of Global Payments from an "outperform" rating to a "market perform" rating in a report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $137.41.
Check Out Our Latest Analysis on Global Payments
Hedge Funds Weigh In On Global Payments
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Stanley Capital Management LLC boosted its stake in shares of Global Payments by 18.9% during the second quarter. Stanley Capital Management LLC now owns 125,608 shares of the business services provider's stock valued at $12,146,000 after purchasing an additional 20,000 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Global Payments by 65.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,982,496 shares of the business services provider's stock valued at $203,047,000 after buying an additional 785,539 shares during the period. Entropy Technologies LP bought a new stake in Global Payments in the 3rd quarter worth $562,000. Poplar Forest Capital LLC bought a new stake in Global Payments in the 3rd quarter worth $13,184,000. Finally, River Road Asset Management LLC increased its position in shares of Global Payments by 158.6% in the third quarter. River Road Asset Management LLC now owns 491,331 shares of the business services provider's stock valued at $50,322,000 after acquiring an additional 301,358 shares during the period. 89.76% of the stock is currently owned by institutional investors.
Global Payments Company Profile
(
Get Free Report)
Global Payments Inc provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through two segments, Merchant Solutions and Issuer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services.
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