Global Payments Inc. (GPN) Forms Double Top at $111.92

June 29, 2018 - By Alice Reed

Global Payments Inc. (NYSE:GPN) Corporate Logo

Big Money Sentiment decreased to 1 in 2018 Q1. It has change of 0.18, from 2017Q4’s 1.18. The ratio dived due to Global Payments Inc. positioning: 16 sold and 170 reduced. 63 funds took stakes and 123 increased stakes. Investors holded 150.74 million in 2017Q4 but now own 149.44 million shares or 0.86% less.
Retirement Sys Of Alabama reported 0.04% of its capital in Global Payments Inc. (NYSE:GPN). British Columbia Mngmt stated it has 59,814 shs. 1,836 were accumulated by Silvercrest Asset Mgmt Group Limited Liability Com. Meiji Yasuda Asset Management accumulated 2,010 shs. Old Mutual Customised Solutions (Proprietary) Ltd stated it has 0.02% of its capital in Global Payments Inc. (NYSE:GPN). Mutual Of America Cap Mgmt Limited Liability owns 26,328 shs or 0.05% of their US capital. Advantus Cap Mngmt has 0.05% invested in Global Payments Inc. (NYSE:GPN) for 16,308 shs. Cibc Mkts Corp holds 33,102 shs. Utd Services Automobile Association holds 0.12% or 392,714 shs. California State Teachers Retirement Systems reported 0.06% of its capital in Global Payments Inc. (NYSE:GPN). The Nevada-based Navellier & Assoc has invested 0.37% in Global Payments Inc. (NYSE:GPN). Regentatlantic Capital Ltd Llc invested 0.12% in Global Payments Inc. (NYSE:GPN). Aqr Capital Management Ltd Com stated it has 27,287 shs or 0% of all its holdings. Janney Montgomery Scott Llc holds 0.01% of its capital in Global Payments Inc. (NYSE:GPN) for 11,178 shs. 100,839 are held by Pub Employees Retirement Systems Of Ohio.

Global Payments Inc. had 22 sales and 0 insider buys since January 16, 2018. This’s net activity of $8.83 million. JACOBS WILLIAM I sold 600 shs worth $66,000. BALDWIN ROBERT H B JR sold $658,060 worth of Global Payments Inc. (NYSE:GPN) or 6,000 shs on Thursday, April 12. On Friday, May 11 $255,953 worth of stock was sold by Green David Lawrence. On Tuesday, February 27 MARSHALL RUTH ANN sold $714,500 worth of Global Payments Inc. (NYSE:GPN).

Global Payments Inc. (GPN) chart has a double top chart pattern with $120.87 target. That’s 8.00 % above today’s $111.92 share price. Global Payments Inc. (GPN) has $17.86 billion market cap. Finviz.com announced it on Jun, 29. $1.43 billion more could be GPN valuation at $120.87 share price.

Ticker’s shares touched $111.92 during the last trading session after 1.75% change.Currently Global Payments Inc. is uptrending after 20.94% change in last June 29, 2017. GPN has 370,936 shares volume. The stock outperformed the S&P500 by 8.37%.

On August, 2 is awaited Global Payments Inc. (NYSE:GPN)’s earnings report, as reported by RTT. The earnings per share diference is $0.27 or 30.34 % up from last years number. Previous year: $0.89; Analysts forcast: $1.16. If reported the P/E will be 24.12 with $185.07 million profit. 8.41 % EPS growth is what analysts predict. $1.07 earnings per share was announced for last quarter.

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”. 76% are bullish. With $135.0 highest and $92 lowest price target Global Payments Inc has $122.63 average price target or 9.57% above the current ($111.92) price. 27 are the (NYSE:GPN)’s analyst reports since January 4, 2018 according to StockzIntelligence Inc. In Tuesday, February 27 report Stephens maintained it with “Buy” rating and $125.0 target. On Thursday, February 15 Credit Suisse upgraded the shares of GPN in report to “Buy” rating. On Friday, February 16 the rating was maintained by Citigroup with “Buy”. On Thursday, February 15 the firm earned “Buy” rating by Stephens. On Tuesday, February 13 the rating was maintained by Nomura with “Reduce”. On Thursday, January 18 the rating was maintained by Piper Jaffray with “Hold”. On Friday, February 16 the firm has “Buy” rating by Stifel Nicolaus given. On Thursday, February 15 the rating was maintained by Robert W. Baird with “Buy”. On Thursday, February 15 the rating was maintained by Guggenheim with “Buy”. In Thursday, February 15 report SunTrust maintained the stock with “Buy” rating.

A couple more Global Payments Inc. (NYSE:GPN) news were released by: Streetinsider.com which released on June 18, 2018 “Goldman Sachs Downgrades Global Payments (GPN) to Neutral”, also Livetradingnews.com on June 18, 2018 released “Wall Street’s Top Analysts Upgrades, Downgrades & Initiations”, the next 247Wallst.com is “Top Analyst Upgrades and Downgrades: BlackRock, Chevron, Disney, Intel, Kinder Morgan, Zillow and More” on June 18, 2018. Globenewswire.com has article titled “New Research: Key Drivers of Growth for Global Payments, Patterson-UTI Energy, Celanese, Westlake Chemical, Las …”.

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

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