Global Payments Inc. (NYSE:GPN) Director Robert H. B. Baldwin, Jr. Acquires 5,800 Shares

Global Payments Inc. (NYSE:GPN) Director Robert H. B. Baldwin, Jr. purchased 5,800 shares of Global Payments stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average cost of $116.00 per share, with a total value of $672,800.00. Following the acquisition, the director now directly owns 42,738 shares in the company, valued at $4,957,608. This trade represents a 15.70 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Global Payments Price Performance

GPN stock opened at $110.97 on Thursday. Global Payments Inc. has a 52-week low of $91.60 and a 52-week high of $141.77. The business has a fifty day moving average of $110.60 and a two-hundred day moving average of $104.81. The stock has a market cap of $28.24 billion, a price-to-earnings ratio of 20.90, a price-to-earnings-growth ratio of 0.90 and a beta of 1.00. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65.

Global Payments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.00 annualized dividend and a yield of 0.90%. Global Payments’s dividend payout ratio (DPR) is currently 18.83%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Cromwell Holdings LLC purchased a new stake in shares of Global Payments in the 3rd quarter valued at approximately $25,000. Beaird Harris Wealth Management LLC purchased a new stake in Global Payments in the third quarter valued at approximately $25,000. POM Investment Strategies LLC purchased a new stake in Global Payments in the second quarter valued at approximately $32,000. Capital Performance Advisors LLP acquired a new position in Global Payments during the third quarter worth $33,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in shares of Global Payments by 59.6% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 383 shares of the business services provider’s stock worth $39,000 after buying an additional 143 shares during the period. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GPN. Stephens reduced their target price on Global Payments from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Friday, October 18th. KeyCorp decreased their price objective on shares of Global Payments from $145.00 to $135.00 and set an “overweight” rating on the stock in a report on Wednesday, September 25th. Monness Crespi & Hardt cut their target price on shares of Global Payments from $165.00 to $155.00 and set a “buy” rating for the company in a research note on Wednesday, September 25th. B. Riley reduced their price target on shares of Global Payments from $204.00 to $194.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. Finally, BTIG Research cut Global Payments from a “buy” rating to a “neutral” rating in a report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, Global Payments currently has an average rating of “Moderate Buy” and an average price target of $138.55.

Global Payments Company Profile

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.