Insider Buying: Global Payments Inc (NYSE:GPN) Director Buys 560 Shares of Stock

Global Payments Inc (NYSE:GPN) Director Joia M. Johnson acquired 560 shares of the stock in a transaction dated 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 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 can be accessed through this hyperlink.

GPN opened at $176.66 on Friday. Global Payments Inc has a 12-month low of $94.81 and a 12-month high of $182.13. The company has a market cap of $53.09 billion, a price-to-earnings ratio of 34.04, a price-to-earnings-growth ratio of 1.83 and a beta of 0.98. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.32. The stock has a fifty day simple moving average of $171.74 and a two-hundred day simple moving average of $163.68.

Global Payments (NYSE:GPN) last released its earnings results on Thursday, October 31st. The business services provider reported $1.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.03. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.16 billion. Global Payments had a net margin of 10.59% and a return on equity of 9.05%. The company’s revenue was up 27.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.44 EPS. On average, analysts predict that Global Payments Inc will post 5.83 EPS for the current year.

The firm also recently disclosed a dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a dividend of $0.195 per share. The ex-dividend date of this dividend is Thursday, December 12th. This is a positive change from Global Payments’s previous dividend of $0.01. Global Payments’s payout ratio is presently 0.77%.

A number of institutional investors and hedge funds have recently made changes to their positions in GPN. Lindbrook Capital LLC raised its stake in Global Payments by 19.0% during the third quarter. Lindbrook Capital LLC now owns 400 shares of the business services provider’s stock valued at $64,000 after buying an additional 64 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of Global Payments by 0.8% during the second quarter. HighTower Advisors LLC now owns 9,445 shares of the business services provider’s stock valued at $1,508,000 after acquiring an additional 74 shares in the last quarter. First Allied Advisory Services Inc. raised its position in shares of Global Payments by 5.7% in the 3rd quarter. First Allied Advisory Services Inc. now owns 1,422 shares of the business services provider’s stock worth $221,000 after purchasing an additional 77 shares during the last quarter. Corient Capital Partners LLC boosted its stake in Global Payments by 5.0% in the 2nd quarter. Corient Capital Partners LLC now owns 1,628 shares of the business services provider’s stock worth $261,000 after purchasing an additional 78 shares in the last quarter. Finally, Advantage Investment Management LLC boosted its stake in Global Payments by 32.4% in the 3rd quarter. Advantage Investment Management LLC now owns 331 shares of the business services provider’s stock worth $53,000 after purchasing an additional 81 shares in the last quarter. Institutional investors and hedge funds own 87.90% of the company’s stock.

A number of brokerages have recently issued reports on GPN. SunTrust Banks upped their price objective on shares of Global Payments from $190.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. set a $203.00 price target on shares of Global Payments and gave the stock a “buy” rating in a research note on Friday, November 1st. William Blair restated an “outperform” rating on shares of Global Payments in a research report on Thursday, October 17th. Goldman Sachs Group reaffirmed a “buy” rating and set a $212.00 price objective on shares of Global Payments in a research note on Tuesday, September 24th. Finally, ValuEngine cut Global Payments from a “hold” rating to a “sell” rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and twenty-one have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $177.56.

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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Insider Buying and Selling by Quarter for Global Payments (NYSE:GPN)

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