Today’s Ownership Action: Global Payments Inc (NYSE:GPN): Institutional Investors Aren’t Crazy About It

November 29, 2016 - By Ruchi Gupta   ·   0 Comments

Today's Ownership Action: Global Payments Inc (NYSE:GPN): Institutional Investors Aren't Crazy About It

Sentiment for Global Payments Inc (NYSE:GPN)

Global Payments Inc (NYSE:GPN) institutional sentiment decreased to 0.59 in 2016 Q2. Its down -1.27, from 1.86 in 2016Q1. The ratio fall, as 275 investment professionals opened new or increased equity positions, while 148 cut down and sold stakes in Global Payments Inc. The investment professionals in our partner’s database reported: 147.05 million shares, up from 128.43 million shares in 2016Q1. Also, the number of investment professionals holding Global Payments Inc in their top 10 equity positions increased from 9 to 10 for an increase of 1. Sold All: 35 Reduced: 113 Increased: 180 New Position: 95.

Global Payments Inc. is a provider of payment technology services. The company has a market cap of $10.79 billion. The Firm provides payment and digital commerce solutions. It has a 36.29 P/E ratio. The Firm operates through three divisions: North America, Europe and Asia-Pacific.

About 618,655 shares traded hands. Global Payments Inc (NYSE:GPN) has declined 2.25% since April 26, 2016 and is downtrending. It has underperformed by 7.51% the S&P500.

Analysts await Global Payments Inc (NYSE:GPN) to report earnings on January, 9. They expect $0.81 earnings per share, up 6.58% or $0.05 from last year’s $0.76 per share. GPN’s profit will be $123.58 million for 21.83 P/E if the $0.81 EPS becomes a reality. After $0.86 actual earnings per share reported by Global Payments Inc for the previous quarter, Wall Street now forecasts -5.81% negative EPS growth.

According to Zacks Investment Research, “Global Payments Inc. is a leading provider of electronic transaction processing services for consumers, merchants, Independent Sales Organizations, financial institutions, government agencies and multi- national corporations located throughout the United States, Canada, Latin America and Europe. Global Payments offers a comprehensive line of processing solutions for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery, as well as terminal management. The company also provides consumer money transfer services from the U.S. and Europe to destinations in Latin America, Morocco, and the Philippines.”

Springbank Value Partners Lp holds 8.06% of its portfolio in Global Payments Inc for 66,900 shares. Value Holdings Lp owns 167,840 shares or 7.69% of their US portfolio. Moreover, Paradice Investment Management Llc has 5.13% invested in the company for 601,120 shares. The Arizona-based Stellar Capital Management Llc has invested 2.67% in the stock. Marietta Investment Partners Llc, a Wisconsin-based fund reported 96,183 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 16 insider sales for $13.85 million net activity.

Global Payments Inc (NYSE:GPN) Ratings Coverage

Ratings analysis reveals 83% of Global Payments Inc.’s analysts are positive. Out of 24 Wall Street analysts rating Global Payments Inc., 20 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $66 while the high is $150.0. The stock’s average target of $96.55 is 36.52% above today’s ($70.72) share price. GPN was included in 49 notes of analysts from July 29, 2015. The rating was initiated by Cowen & Co with “Outperform” on Wednesday, September 30. Goldman Sachs maintained Global Payments Inc (NYSE:GPN) on Tuesday, April 26 with “Neutral” rating. The stock of Global Payments Inc (NYSE:GPN) earned “Outperform” rating by Credit Suisse on Friday, December 11. The firm has “Hold” rating given on Friday, October 7 by Stifel Nicolaus. The firm has “Buy” rating given on Wednesday, December 16 by Deutsche Bank. William Blair initiated the shares of GPN in a report on Tuesday, April 19 with “Outperform” rating. Goldman Sachs upgraded the shares of GPN in a report on Thursday, September 15 to “Buy” rating. The firm has “Buy” rating given on Thursday, October 6 by Deutsche Bank. On Friday, August 28 the stock rating was maintained by Deutsche Bank with “Buy”. Sterne Agee CRT initiated Global Payments Inc (NYSE:GPN) on Thursday, December 17 with “Buy” rating.

GPN Company Profile

Global Payments Inc., incorporated on October 1, 2000, is a well-known provider of payment technology services. The Firm provides payment and digital commerce solutions. The Firm operates through three divisions: North America, Europe and Asia-Pacific. The Company’s divisions primarily provide payment solutions for credit cards, debit cards, electronic payments and check-related services. It target clients in various industries, including financial services, gaming, government, healthcare, professional services, restaurants, retail, universities, not-for-profit organizations and utilities. It provides services across a range of channels to merchants and partners in over 30 countries throughout North America, Europe, the Asia-Pacific region and Brazil.

Another recent and important Global Payments Inc (NYSE:GPN) news was published by Forbes.com which published an article titled: “Global Payments is Now Oversold (GPN)” on November 14, 2016.

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By Ruchi Gupta


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