Can analysts adopt a bullish outlook for Global Payments Inc (NYSE:GPN)?

July 17, 2017 - By Richard Conner

 Can analysts adopt a bullish outlook for Global Payments Inc (NYSE:GPN)?
Investors sentiment increased to 0.93 in Q4 2016. Its up 0.34, from 0.59 in 2016Q3. It is positive, as 50 investors sold Global Payments Inc shares while 141 reduced holdings. 52 funds opened positions while 126 raised stakes. 145.69 million shares or 1.40% more from 143.68 million shares in 2016Q3 were reported.
Cibc Asset Management holds 0.03% of its portfolio in Global Payments Inc (NYSE:GPN) for 52,224 shares. The Colorado-based Asset has invested 0.03% in Global Payments Inc (NYSE:GPN). Aberdeen Asset Public Limited Co Uk invested in 26,221 shares or 0.01% of the stock. Allianz Asset Management Ag accumulated 910,165 shares. Timessquare Cap Mngmt Lc accumulated 3.66M shares or 1.7% of the stock. Retirement Sys Of Alabama reported 74,979 shares or 0.03% of all its holdings. Cambridge Invest Research Advsr holds 3,291 shares. Henderson Grp Inc Public Limited Liability Corporation has invested 0.01% in Global Payments Inc (NYSE:GPN). Shell Asset Company reported 11,337 shares. Blackrock Limited has invested 0.06% in Global Payments Inc (NYSE:GPN). Thrivent Fincl For Lutherans invested in 0% or 5,280 shares. Livforsakringsbolaget Skandia Omsesidigt holds 0.03% of its portfolio in Global Payments Inc (NYSE:GPN) for 8,700 shares. Teacher Retirement Sys Of Texas holds 0.02% of its portfolio in Global Payments Inc (NYSE:GPN) for 45,138 shares. Tocqueville Asset Management Limited Partnership holds 0.01% of its portfolio in Global Payments Inc (NYSE:GPN) for 10,720 shares. Trexquant Investment L P holds 0.36% or 33,000 shares in its portfolio.

Since January 18, 2017, it had 0 insider buys, and 16 selling transactions for $23.05 million activity. Shares for $511,420 were sold by BALDWIN ROBERT H B JR on Tuesday, February 21. $13.69M worth of Global Payments Inc (NYSE:GPN) shares were sold by SLOAN JEFFREY STEVEN. The insider SILBERSTEIN ALAN M sold 600 shares worth $52,854. $466,679 worth of Global Payments Inc (NYSE:GPN) shares were sold by MARSHALL RUTH ANN. JACOBS WILLIAM I had sold 600 shares worth $47,430. On Friday, January 20 TRAPP MICHAEL W sold $397,200 worth of Global Payments Inc (NYSE:GPN) or 5,000 shares.

Global Payments Inc (NYSE:GPN) Ratings Coverage

Among 29 analysts covering Global Payments Inc. (NYSE:GPN), 26 have Buy rating, 0 Sell and 3 Hold. Therefore 90% are positive. Global Payments Inc. had 64 analyst reports since July 29, 2015 according to SRatingsIntel. Barclays Capital upgraded the shares of GPN in report on Thursday, March 30 to “Overweight” rating. Sterne Agee CRT initiated the stock with “Buy” rating in Thursday, December 17 report. The stock of Global Payments Inc (NYSE:GPN) earned “Neutral” rating by Goldman Sachs on Tuesday, April 26. As per Thursday, October 6, the company rating was maintained by Robert W. Baird. Robert W. Baird maintained the shares of GPN in report on Thursday, June 22 with “Buy” rating. The rating was initiated by Guggenheim with “Buy” on Tuesday, December 20. As per Friday, August 28, the company rating was maintained by Deutsche Bank. The rating was maintained by Atlantic Securities with “Overweight” on Thursday, April 13. The stock of Global Payments Inc (NYSE:GPN) has “Outperform” rating given on Tuesday, January 10 by RBC Capital Markets. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, June 1. Below is a list of Global Payments Inc (NYSE:GPN) latest ratings and price target changes.

14/07/2017 Broker: Stifel Nicolaus Rating: Buy New Target: $102.0000 Maintain
13/07/2017 Broker: Credit Suisse Rating: Buy New Target: $97.0000 Maintain
06/07/2017 Broker: RBC Capital Markets Rating: Buy New Target: $90.0000 Maintain
21/06/2017 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $100.0000 Maintain
22/06/2017 Broker: Robert W. Baird Rating: Buy Maintain
05/06/2017 Broker: RBC Capital Markets Rating: Buy New Target: $90.0000 Maintain
28/06/2017 Broker: Mizuho Rating: Buy New Target: $105 Initiates Coverage On
01/06/2017 Broker: Stifel Nicolaus Rating: Buy New Target: $102.00 Initiate
13/04/2017 Broker: Atlantic Securities Rating: Overweight Maintain
30/03/2017 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Overweight Old Target: $88.00 New Target: $92.00 Upgrade

About 830,683 shares traded. Global Payments Inc (NYSE:GPN) has risen 21.35% since July 17, 2016 and is uptrending. It has outperformed by 4.65% the S&P500.

Global Payments Inc. is a provider of payment technology services. The company has market cap of $14.01 billion. The Firm provides payment and digital commerce solutions. It has a 63.79 P/E ratio. The Firm operates through three divisions: North America, Europe and Asia-Pacific.

More notable recent Global Payments Inc (NYSE:GPN) news were published by: Seekingalpha.com which released: “Global Payments expands e-commerce offerings” on June 27, 2017, also Nasdaq.com with their article: “ATOS : Worldline to acquire Digital River World Payments, an online global …” published on July 17, 2017, Businesswire.com published: “Global Payments Expands Ecommerce and Omnichannel Offerings” on June 26, 2017. More interesting news about Global Payments Inc (NYSE:GPN) were released by: Businesswire.com and their article: “Global Payments Partners with CaixaBank, Samsung, Visa and Arval to Establish …” published on July 13, 2017 as well as Fool.com‘s news article titled: “Better Buy: Global Payments vs. Square” with publication date: July 14, 2017.

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