Global Payments Inc (NYSE:GPN) Increases Dividend to $0.20 Per Share

Global Payments Inc (NYSE:GPN) declared a dividend on Thursday, October 31st, Fidelity reports. Stockholders of record on Friday, December 13th will be given a dividend of 0.195 per share by the business services provider on Friday, December 27th. 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.

Shares of GPN traded down $1.28 during midday trading on Tuesday, hitting $173.90. 2,121,776 shares of the stock were exchanged, compared to its average volume of 1,381,322. The firm has a market cap of $53.09 billion, a P/E ratio of 33.51, a P/E/G ratio of 1.75 and a beta of 0.98. The stock has a fifty day simple moving average of $172.63 and a 200 day simple moving average of $164.07. Global Payments has a 52-week low of $94.81 and a 52-week high of $182.13. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.17 and a current ratio of 1.17.

Global Payments (NYSE:GPN) last released its earnings results on Thursday, October 31st. The business services provider reported $1.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.03. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.16 billion. Global Payments had a return on equity of 9.05% and a net margin of 10.59%. Global Payments’s revenue was up 27.4% compared to the same quarter last year. During the same period last year, the business posted $1.44 earnings per share. As a group, equities research analysts forecast that Global Payments will post 5.83 EPS for the current fiscal year.

In other news, Director Joia M. Johnson bought 575 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were acquired at an average price of $169.35 per share, for a total transaction of $97,376.25. Following the completion of the transaction, the director now owns 1,787 shares of the company’s stock, valued at $302,628.45. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William I. Jacobs sold 600 shares of Global Payments stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $163.22, for a total value of $97,932.00. Following the sale, the director now owns 28,388 shares in the company, valued at approximately $4,633,489.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,777 shares of company stock worth $1,650,738. 0.88% of the stock is owned by insiders.

A number of research firms recently issued reports on GPN. Oppenheimer lifted their target price on Global Payments from $178.00 to $192.00 and gave the company an “outperform” rating in a report on Friday, November 1st. JPMorgan Chase & Co. set a $203.00 target price on Global Payments and gave the company a “buy” rating in a report on Friday, November 1st. Goldman Sachs Group reiterated a “buy” rating and issued a $212.00 target price on shares of Global Payments in a report on Tuesday, September 24th. UBS Group began coverage on Global Payments in a report on Monday, October 14th. They issued a “buy” rating and a $193.00 target price for the company. Finally, KeyCorp lifted their target price on Global Payments from $160.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, September 5th. Two 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 company. The stock currently has a consensus rating of “Buy” and a consensus target price of $177.56.

Global Payments Company Profile

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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Dividend History for Global Payments (NYSE:GPN)

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