Insider Trading Alert - Global Payments And 4 Others Traded By Insiders

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Yesterday, Oct. 7, 2013, 49 U.S. common stocks issued filings of shares being bought or sold by insiders. The transactions ranged in value from $1.11 to $9,165,041.44.

Highlighted Stocks Traded by Insiders:

Global Payments (GPN) - FREE Research Report

Tornay Suellyn P who is Executive Vice President at Global Payments sold 8,608 shares at $56.59 on Oct. 7, 2013. Following this transaction, the Executive Vice President owned 37,853 shares meaning that the stake was reduced by 18.53% with the 8,608 share transaction.

The shares most recently traded at $54.83, down $1.76, or 3.21% since the insider transaction. Historical insider transactions for Global Payments go as follows:

  • 12-Week # shares bought: 5,000
  • 24-Week # shares bought: 5,000
  • 24-Week # shares sold: 4,400

The average volume for Global Payments has been 663,000 shares per day over the past 30 days. Global Payments has a market cap of $3.7 billion and is part of the services sector and diversified services industry. Shares are up 9.49% year to date as of the close of trading on Friday.

Global Payments Inc. The stock currently has a dividend yield of 0.16%. The company has a P/E ratio of 18.0. Currently there are 10 analysts that rate Global Payments a buy, 2 analysts rate it a sell, and 12 rate it a hold.

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TheStreet Quant Ratings rates Global Payments as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Global Payments Ratings Report from TheStreet Quant Ratings now.

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