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NEW YORK ( TheStreet) -- Global Payments (NYSE: GPN) hit a new 52-week high Tuesday as it is currently trading at $53.82, above its previous 52-week high of $53.67 with 87,197 shares traded as of 10:59 a.m. ET. Average volume has been 711,700 shares over the past 30 days. Global Payments has a market cap of $3.8 billion and is part of the services sector and diversified services industry. Shares are up 12.8% year to date as of the close of trading on Monday. Global Payments Inc. provides electronic transaction processing services for merchants, independent sales organizations (ISO), financial institutions, government agencies, and multi-national corporations located in the United States, Canada, Europe, and the Asia-Pacific region. The company has a P/E ratio of 18.2, above the average diversified services industry P/E ratio of 16.8 and above the S&P 500 P/E ratio of 17.7.