At $111.92 Global Payments Inc. (GPN) Forms Bullish Double Top Pattern

June 29, 2018 - By Mary Anderson

Global Payments Inc. (NYSE:GPN) Corporate Logo

Big Money Sentiment decreased to 1 in 2018 Q1. It has change of 0.18, from 2017Q4’s 1.18. The ratio is negative due to Global Payments Inc. positioning: 16 sold and 170 reduced. 63 funds amassed holdings and 123 increased holdings. Investors holded 150.74 million in 2017Q4 but now own 149.44 million shares or 0.86% less.
2,790 were reported by Conning Inc. Sg Americas Securities Limited Liability Company accumulated 11,636 shs. Cwm Ltd Company holds 109 shs or 0% of its capital. Northwestern Mutual Wealth Mngmt Co has invested 0% of its capital in Global Payments Inc. (NYSE:GPN). Moreover, Coastline Tru has 0.41% invested in Global Payments Inc. (NYSE:GPN). Bb&T has invested 0% of its capital in Global Payments Inc. (NYSE:GPN). Dubuque Bank & Trust & Tru Communications has invested 0.05% of its capital in Global Payments Inc. (NYSE:GPN). Korea Investment holds 303,586 shs. 319,403 are held by Neuberger Berman Limited Liability Co. New York-based Mackay Shields Limited Co has invested 0.02% in Global Payments Inc. (NYSE:GPN). Advantus has invested 0.05% in Global Payments Inc. (NYSE:GPN). Creative Planning reported 37,463 shs. Us Financial Bank De owns 33,201 shs for 0.01% of their capital. Raymond James Fincl Ser has invested 0% in Global Payments Inc. (NYSE:GPN). Moreover, Nomura Asset has 0.91% invested in Global Payments Inc. (NYSE:GPN).

Global Payments Inc. had 22 insider sales and 0 buys since January 16, 2018. This’s net activity of $8.83 million. $658,060 worth of Global Payments Inc. (NYSE:GPN) was sold by BALDWIN ROBERT H B JR. JACOBS WILLIAM I had sold 600 shs worth $70,962. The insider MARSHALL RUTH ANN sold $712,692. 2,198 Global Payments Inc. (NYSE:GPN) shs with value of $255,953 were sold by Green David Lawrence.

Global Payments Inc. (GPN) chart has a double top chart pattern with $120.87 target. That’s 8.00 % above today’s $111.92 share price. Global Payments Inc. (GPN) has $17.86 billion market cap. Finviz.com announced it on Jun, 29. $1.43 billion more could be GPN valuation at $120.87 share price.

GPN is reaching $111.92 during the last trading session, after increased 1.75%.Global Payments Inc. has volume of 370,936 shares. Since June 29, 2017 GPN has risen 20.94% and is uptrending. GPN outperformed the S&P 500 by 8.37%.

On August, 2 WallStreet expected Global Payments Inc. (NYSE:GPN)’s earnings release, as reported by RTT. Analysts forecast $1.16 earnings per share, which is $0.27 up or 30.34 % from 2017’s $0.89 earnings per share. If the current earnings per share of $1.16 is accurate, GPN’s profit could reach $185.07 million. 8.41 % EPS growth is what Wall Street’s predicts after $1.07 reported EPS previous quarter.

Global Payments Inc. (NYSE:GPN) Ratings Coverage

In total 21 analysts cover Global Payments Inc (NYSE:GPN). “Buy” rating has 16, “Sell” are 1, while 4 are “Hold”. (NYSE:GPN) has 76% bullish analysts. With $135.0 highest and $92 lowest target price, Global Payments Inc has $122.63 average target price or 9.57% above the current ($111.92) price. 27 are the (NYSE:GPN)’s ratings reports on Jun 29, 2018 according to StockzIntelligence Inc. On Friday, March 2 the rating was maintained by KeyBanc Capital Markets with “Overweight”. On Thursday, March 1 the stock of Global Payments Inc. (NYSE:GPN) earned “Buy” rating by Cowen & Co. On Tuesday, February 13 Nomura maintained Global Payments Inc. (NYSE:GPN) rating. Nomura has “Reduce” rating and $92 target. On Thursday, February 15 the company was maintained by Robert W. Baird. On Wednesday, February 21 the firm earned “Buy” rating by Bank of America. On Friday, February 16 the rating was maintained by Deutsche Bank with “Buy”. The company rating was maintained by Stifel Nicolaus on Friday, February 16. On Thursday, February 15 the firm has “Buy” rating given by Guggenheim. In Thursday, January 18 report Piper Jaffray maintained the stock with “Hold” rating. On Monday, June 18 Goldman Sachs downgraded the shares of GPN in report to “Neutral” rating.

A couple more Global Payments Inc. (NYSE:GPN) news were announced by: Streetinsider.com which released on June 18, 2018 “Goldman Sachs Downgrades Global Payments (GPN) to Neutral”, also Livetradingnews.com on June 18, 2018 announced “Wall Street’s Top Analysts Upgrades, Downgrades & Initiations”, the next 247Wallst.com is “Top Analyst Upgrades and Downgrades: BlackRock, Chevron, Disney, Intel, Kinder Morgan, Zillow and More” on June 18, 2018. Globenewswire.com has article titled “New Research: Key Drivers of Growth for Global Payments, Patterson-UTI Energy, Celanese, Westlake Chemical, Las …”.

Global Payments Inc. (NYSE:GPN) Institutional Investors Chart

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