Global Payments Inc (GPN) is Initiated by Compass Point to Neutral, Price Target at $70

Global Payments Inc (GPN) was Initiated by Compass Point to “Neutral” and the brokerage firm has set the Price Target at $70. Compass Point advised their investors in a research report released on Apr 15, 2016.

Many Wall Street Analysts have commented on Global Payments Inc. Company shares were Reiterated by Piper Jaffray on Apr 7, 2016 to “Neutral”, Firm has raised the Price Target to $ 76 from a previous price target of $73 .

On the company’s financial health, Global Payments Inc reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 6, 2016. Analyst had a consensus of $0.67. The company had revenue of $497.00 million for the quarter, compared to analysts expectations of $493.56 million. The company’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 EPS.

Global Payments Inc opened for trading at $72.92 and hit $74.02 on the upside on Monday, eventually ending the session at $72.29, with a gain of 0.12% or 0.09 points. The heightened volatility saw the trading volume jump to 20,59,290 shares. Company has a market cap of $9,344 M.

In a different news, on Apr 13, 2016, Gerald J Wilkins (director) sold 3,000 shares at $75.22 per share price. According to the SEC, on Apr 13, 2016, Ruth Ann Marshall (director) sold 8,740 shares at $72.71 per share price. On Apr 4, 2016, William I Jacobs (director) sold 1,200 shares at $64.46 per share price, according to the Form-4 filing with the securities and exchange commission.

Global Payments Inc. is a provider of payment technology services. The Company provides payment and digital commerce solutions. The Company operates in two segments: North America merchant services and International merchant services. The Company’s North America merchant services and International merchant services segments primarily provide payment solutions for credit cards debit cards electronic payments and check-related services. The Company’s North America merchant services and International merchant services segments target customers in various industries including financial services gaming government healthcare professional services restaurants retail universities not-for-profit organizations and utilities. The Company performs a series of services including authorization electronic draft capture file transfers to facilitate funds settlement and certain exception-based back office support services such as chargeback and retrieval resolution.

Global Payments Inc

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