Global Payments Inc. (GPN) Just Reaches 52-Week High?

June 13, 2018 - By Darrin Black

Global Payments Inc. (NYSE:GPN) Logo

Investors sentiment decreased to 1 in Q1 2018. Its down 0.18, from 1.18 in 2017Q4. It fall, as 16 investors sold Global Payments Inc. shares while 170 reduced holdings. 63 funds opened positions while 123 raised stakes. 149.44 million shares or 0.86% less from 150.74 million shares in 2017Q4 were reported.
Pension reported 169,071 shares. Lmr Prtn Ltd Liability Partnership has 0.14% invested in Global Payments Inc. (NYSE:GPN). Westpac Bk holds 0% of its portfolio in Global Payments Inc. (NYSE:GPN) for 26,339 shares. Echo Street Capital owns 756,088 shares or 2.46% of their US portfolio. Bnp Paribas Asset Management reported 68,094 shares stake. Ima Wealth accumulated 0.09% or 1,844 shares. Bokf Na has invested 0.01% in Global Payments Inc. (NYSE:GPN). Usca Ria Limited Liability reported 0.04% in Global Payments Inc. (NYSE:GPN). 4,238 were accumulated by Hightower Advsr Limited Liability Co. Financial Architects Incorporated stated it has 953 shares or 0.02% of all its holdings. 12,211 are owned by Voloridge Invest Management Limited Liability Co. Chevy Chase Hldgs Inc invested 0.07% of its portfolio in Global Payments Inc. (NYSE:GPN). Boston Family Office Limited Liability accumulated 2,465 shares or 0.03% of the stock. Synovus owns 664 shares. Jupiter Asset Mgmt owns 200,698 shares.

Since December 13, 2017, it had 0 insider buys, and 19 selling transactions for $6.83 million activity. SILBERSTEIN ALAN M sold $67,260 worth of Global Payments Inc. (NYSE:GPN) on Wednesday, April 18. BALDWIN ROBERT H B JR had sold 6,000 shares worth $634,588. MARSHALL RUTH ANN sold $712,692 worth of stock. The insider Green David Lawrence sold $255,953.

The stock of Global Payments Inc. (NYSE:GPN) hit a new 52-week high and has $129.39 target or 9.00 % above today’s $118.71 share price. The 5 months bullish chart indicates low risk for the $18.94 billion company. The 1-year high was reported on Jun, 13 by Barchart.com. If the $129.39 price target is reached, the company will be worth $1.70B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.21% or $0.25 during the last trading session, reaching $118.71. About 211,725 shares traded. Global Payments Inc. (NYSE:GPN) has risen 20.94% since June 13, 2017 and is uptrending. It has outperformed by 8.37% the S&P500.

Analysts await Global Payments Inc. (NYSE:GPN) to report earnings on August, 2. They expect $1.16 EPS, up 30.34 % or $0.27 from last year’s $0.89 per share. GPN’s profit will be $185.08 million for 25.58 P/E if the $1.16 EPS becomes a reality. After $1.07 actual EPS reported by Global Payments Inc. for the previous quarter, Wall Street now forecasts 8.41 % EPS growth.

Global Payments Inc. (NYSE:GPN) Ratings Coverage

Among 19 analysts covering Global Payments Inc (NYSE:GPN), 16 have Buy rating, 1 Sell and 2 Hold. Therefore 84% are positive. Global Payments Inc has $135.0 highest and $92 lowest target. $124.56’s average target is 4.93% above currents $118.71 stock price. Global Payments Inc had 26 analyst reports since December 21, 2017 according to SRatingsIntel. On Thursday, February 15 the stock rating was upgraded by Credit Suisse to “Buy”. The stock of Global Payments Inc. (NYSE:GPN) earned “Buy” rating by Stephens on Thursday, February 15. The stock of Global Payments Inc. (NYSE:GPN) has “Buy” rating given on Friday, February 16 by Citigroup. The rating was maintained by Stephens with “Buy” on Tuesday, February 27. On Friday, May 4 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The firm has “Buy” rating given on Thursday, March 1 by Cowen & Co. The firm has “Reduce” rating by Nomura given on Tuesday, February 13. The stock of Global Payments Inc. (NYSE:GPN) has “Buy” rating given on Thursday, February 15 by KeyBanc Capital Markets. The stock of Global Payments Inc. (NYSE:GPN) has “Buy” rating given on Thursday, February 15 by Mizuho. The firm has “Buy” rating by Keefe Bruyette & Woods given on Thursday, February 15.

More news for Global Payments Inc. (NYSE:GPN) were recently published by: Fool.com, which released: “The Secret to Global Payments’ Success” on May 21, 2018. Globenewswire.com‘s article titled: “New Research: Key Drivers of Growth for Global Payments, Patterson-UTI Energy, Celanese, Westlake Chemical, Las …” and published on June 12, 2018 is yet another important article.

Global Payments Inc. provides payment solutions for credit cards, debit cards, electronic payments, and check-related services. The company has market cap of $18.94 billion. It operates in three divisions: North America, Europe, and Asia-Pacific. It has a 39.44 P/E ratio. The company??s services include 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, on-line reporting, industry compliance, and payment card industry security services.

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

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