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

Global Payments Inc. (NYSE:GPN) Director Robert H. B. Baldwin, Jr. purchased 5,800 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average price 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 in the company, valued at $4,957,608. The trade was a 15.70 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Global Payments Stock Up 0.6 %

GPN stock opened at $114.70 on Wednesday. The business’s 50-day moving average price is $110.39 and its 200-day moving average price is $104.77. The stock has a market cap of $29.19 billion, a P/E ratio of 21.60, a PEG 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 Inc. has a twelve month low of $91.60 and a twelve month high of $141.77.

Global Payments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a $0.25 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.87%. Global Payments’s payout ratio is currently 18.83%.

Institutional Trading of Global Payments

Several institutional investors and hedge funds have recently modified their holdings of the company. Cromwell Holdings LLC purchased a new stake in Global Payments in the 3rd quarter worth $25,000. Beaird Harris Wealth Management LLC purchased a new stake in shares of Global Payments during the third quarter worth about $25,000. POM Investment Strategies LLC bought a new stake in Global Payments during the 2nd quarter valued at approximately $32,000. Capital Performance Advisors LLP purchased a new position in Global Payments in the 3rd quarter worth approximately $33,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in Global Payments by 59.6% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 383 shares of the business services provider’s stock worth $39,000 after purchasing an additional 143 shares during the period. 89.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

GPN has been the subject of a number of recent analyst reports. B. Riley lowered their price target on Global Payments from $204.00 to $194.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. BTIG Research cut shares of Global Payments from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 25th. KeyCorp dropped their target price on Global Payments from $145.00 to $135.00 and set an “overweight” rating on the stock in a report on Wednesday, September 25th. Royal Bank of Canada dropped their target price on shares of Global Payments from $143.00 to $130.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Finally, StockNews.com raised Global Payments from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. 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 company. According to data from MarketBeat, Global Payments currently has a consensus rating of “Moderate Buy” and an average price target of $138.09.

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.