Paradice Investment Management LLC Decreased Stake in Global Pmts INC (GPN)

June 27, 2018 - By Ronnie Lemelle

Global Payments Inc. (NYSE:GPN) Corporate LogoBig Money Sentiment decreased to 1 in Q1 2018. It has change of 0.18, from 2017Q4’s 1.18. The ratio dived due to GPN positioning: 16 sold and 170 reduced. 63 funds amassed stakes and 123 increased stakes. Investors holded 150.74 million in 2017Q4 but now own 149.44 million shares or 0.86% less. Timessquare Cap Mngmt stated it has 2.04 million shs. California State Teachers Retirement owns 241,737 shs. Annex Advisory Ltd Liability invested 0.07% in Global Payments Inc. (NYSE:GPN). Vantage Invest Advsrs Limited Liability Company has invested 0.01% of its capital in Global Payments Inc. (NYSE:GPN). Guggenheim Cap Lc owns 0.2% invested in Global Payments Inc. (NYSE:GPN) for 749,047 shs. Employees Retirement System Of Ohio holds 100,839 shs or 0.06% of its capital. Mason Street Llc has invested 0.06% in Global Payments Inc. (NYSE:GPN). State Bank holds 6,495 shs or 0.01% of its capital. Eagle Asset Management reported 2,802 shs. Los Angeles Cap And Equity holds 0.02% or 32,200 shs in its capital. Shine Invest Advisory holds 0.05% or 874 shs in its capital. Gradient Investments Limited Liability Corp has invested 0% in Global Payments Inc. (NYSE:GPN). Dixon Hubard Feinour And Brown Incorporated Va owns 1.78% invested in Global Payments Inc. (NYSE:GPN) for 57,064 shs. Redwood Invs Lc reported 86,011 shs or 0.71% of all its holdings. Aviva Public Ltd Com, a United Kingdom-based fund reported 77,299 shs.

GPN had 22 sales and 0 buys since January 16, 2018. This’s net activity of $8.83 million. 6,000 Global Payments Inc. (NYSE:GPN) shs with value of $693,184 were sold by BALDWIN ROBERT H B JR. On Monday, June 18 SILBERSTEIN ALAN M had sold 600 shs worth $69,744. On Monday, May 7 $712,692 worth of stock was sold by MARSHALL RUTH ANN. On Friday, May 11 2,198 shs were sold by Green David Lawrence, worth $255,953.

According to 2018Q1 SEC filling the Paradice Investment Management Llc reduced its stake in Global Pmts Inc (GPN) by 11.87%. 63,905 shares were sold by Paradice Investment Management Llc as the company’s stock declined 2.61% with the market. The business services company announced $52.92M value for the 2018Q1. Now the institutional investor is holding 474,494 shares, compared to the 538,399 from the previous quarter. Paradice Investment Management Llc has risen its stake in Dorman Products Inc (NASDAQ:DORM) and also increased its holding in Ferroglobe Plc by 933,319 shares in the quarter, for a total of 4.45 million shares.

On August, 2 is expected Global Payments Inc. (NYSE:GPN)’s earnings report, Zacks reports. Analysts forecast 30.34 % diference or $1.16 from the $0.89 EPS from 2017. GPN’s profit could hit $185.07 million if the current earnings per share of $1.16 is accurate. Analysts at Wall Street see Global Payments Inc.’s 8.41 % EPS growth compared to $1.07 earnings per share for last quarter.

There’s a substantial Global Payments Inc. (NYSE:GPN) news brought out by Globenewswire.com. It’s a report titled: “New Research: Key Drivers of Growth for Global Payments, Patterson-UTI Energy, Celanese, Westlake Chemical, Las …” on June 12, 2018.

Global Payments Inc. (NYSE:GPN) Ratings Coverage

In total 21 analysts cover Global Payments Inc (NYSE:GPN). “Buy” rating has 16, “Sell” are 1, while 4 are “Hold”. (NYSE:GPN) has 76% bullish analysts. With $135.0 highest and $92 lowest price target, Global Payments Inc has $122.63 average price target or 11.55% above the current ($109.93) price. 27 are the (NYSE:GPN)’s ratings reports on Jun 27, 2018 according to StockzIntelligence Inc. On Thursday, January 18 Piper Jaffray maintained Global Payments Inc. (NYSE:GPN) with “Hold” rating. On Thursday, February 15 the company was maintained by Guggenheim. On Thursday, February 15 the stock has “Buy” rating by SunTrust. On Thursday, March 29 the stock of Global Payments Inc. (NYSE:GPN) has “Buy” rating given by Robert W. Baird. On Friday, March 2 the firm has “Overweight” rating given by KeyBanc Capital Markets. The company rating was maintained by Citigroup on Friday, February 16. On Friday, February 16 Stifel Nicolaus maintained Global Payments Inc. (NYSE:GPN) with “Buy” rating. On Thursday, February 15 the firm has “Buy” rating by Robert W. Baird given. On Thursday, January 4 Mizuho maintained Global Payments Inc. (NYSE:GPN) rating. Mizuho has “Buy” rating and $115.0 target. On Tuesday, January 9 the rating was upgraded by Stephens to “Overweight”.

Global Payments Inc. (NYSE:GPN) Institutional Investors Chart

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