Global Payments Inc (GPN) is Upgraded by Goldman to Buy

Global Payments Inc (GPN) was Upgraded by Goldman to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Goldman advised their investors in a research report released on Sep 15, 2016.

Many Wall Street Analysts have commented on Global Payments Inc. Wedbush Initiated Global Payments Inc on Sep 9, 2016 to “Outperform”, Price Target of the shares are set at $85.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 .

On the company’s financial health, Global Payments Inc reported $0.73 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $0.73. The company had revenue of $747.10 million for the quarter, 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.

Global Payments Inc opened for trading at $73.22 and hit $74.29 on the upside on Wednesday, eventually ending the session at $73.52, with a gain of 0.46% or 0.34 points. The heightened volatility saw the trading volume jump to 1,000,722 shares. Company has a market cap of $11,295 M.

In a different news, on Aug 22, 2016, Robert H B Jr Baldwin (director) sold 6,500 shares at $74.34 per share price. According to the SEC, on Aug 17, 2016, William I Jacobs (director) sold 600 shares at $74.76 per share price. On Aug 11, 2016, David Lawrence Green (EVP and General Counsel) sold 5,702 shares at $75.06 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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