Global Payments Inc (GPN) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $0.73 EPS for the quarter. Analysts had a consensus estimate of $0.73. The company posted revenue of $747.10 million in the period, compared to analysts expectations of $621.29 million. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.22 EPS.
Many Wall Street Analysts have commented on Global Payments Inc. Company shares were Reiterated by Deutsche Bank on Jul 12, 2016 to “Buy”, Firm has raised the Price Target to $ 79 from a previous price target of $72 .Shares were Reiterated by Barclays on Jul 7, 2016 to “Equal Weight” and Lowered the Price Target to $ 73 from a previous price target of $78 .
Global Payments Inc closed down -0.24 points or -0.31% at $78.19 with 26,79,710 shares getting traded on Thursday. Post opening the session at $77.95, the shares hit an intraday low of $74.4 and an intraday high of $78.68 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on Jul 20, 2016, Robert H B Jr Baldwin (director) sold 6,500 shares at $76.61 per share price. According to the SEC, on Jul 15, 2016, William I Jacobs (director) sold 600 shares at $75.80 per share price. On Apr 13, 2016, Gerald J Wilkins (director) sold 3,000 shares at $75.22 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.