Global Payments Inc (GPN) announced its most recent quarterly financial results on Wednesday, Oct-5-2016. GPN said it had a profit of $0.86 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.84. The company posted revenue of $817.30 million in the period, compared to analysts expectations of $814.12 million. GPN’s revenue was up 52.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.57 EPS.
Many Wall Street Analysts have commented on Global Payments Inc. Global Payments Inc was Upgraded by Goldman to ” Buy” on Sep 15, 2016. 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 .
Global Payments Inc closed down -0.68 points or -0.88% at $76.44 with 18,13,808 shares getting traded on Tuesday. Post opening the session at $77.18, the shares hit an intraday low of $76.15 and an intraday high of $77.68 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Sep 21, 2016, Robert H B Jr Baldwin (director) sold 6,500 shares at $74.73 per share price. According to the SEC, on Sep 15, 2016, William I Jacobs (director) sold 600 shares at $73.62 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.