Global Payments Inc. (GPN) Sets 52-Week High; Strong Momentum for Holders

January 20, 2018 - By Dolores Ford

Investors sentiment increased to 1.08 in Q3 2017. Its up 0.19, from 0.89 in 2017Q2. It is positive, as 26 investors sold Global Payments Inc. shares while 139 reduced holdings. 59 funds opened positions while 120 raised stakes. 155.40 million shares or 5.29% more from 147.59 million shares in 2017Q2 were reported.
Gotham Asset Mgmt Ltd Llc has 7,396 shares for 0.01% of their portfolio. Natixis owns 18,091 shares or 0.02% of their US portfolio. Castleark Mgmt Lc holds 5,040 shares or 0.02% of its portfolio. Comerica Bank has 0.03% invested in Global Payments Inc. (NYSE:GPN) for 36,329 shares. Friess invested 1.71% of its portfolio in Global Payments Inc. (NYSE:GPN). 377,668 are held by Echo Street Capital Management Ltd Liability Corporation. Tudor Investment Corporation Et Al has invested 0.03% in Global Payments Inc. (NYSE:GPN). State Of Tennessee Treasury Department reported 86,032 shares. Verition Fund Mngmt Ltd Llc invested 0.07% of its portfolio in Global Payments Inc. (NYSE:GPN). Advisory Ntwk Limited invested in 76 shares. Commonwealth Bank & Trust Of has 0% invested in Global Payments Inc. (NYSE:GPN). Bluecrest Cap Management accumulated 0.01% or 3,827 shares. Global X Llc holds 0% of its portfolio in Global Payments Inc. (NYSE:GPN) for 1,828 shares. Systematic Fincl Management L P accumulated 0.21% or 110,071 shares. Nationwide Fund invested in 0.1% or 261,387 shares.

Since August 10, 2017, it had 0 insider buys, and 15 sales for $15.42 million activity. On Tuesday, September 12 the insider BALDWIN ROBERT H B JR sold $800,431. $2.47 million worth of Global Payments Inc. (NYSE:GPN) was sold by Sacchi Guido Francesco on Tuesday, August 22. 75,794 shares valued at $7.16M were sold by MANGUM DAVID E on Thursday, August 10. 600 shares were sold by SILBERSTEIN ALAN M, worth $58,620 on Monday, September 18.

The stock of Global Payments Inc. (NYSE:GPN) hit a new 52-week high and has $115.57 target or 7.00 % above today’s $108.01 share price. The 6 months bullish chart indicates low risk for the $17.19B company. The 1-year high was reported on Jan, 20 by Barchart.com. If the $115.57 price target is reached, the company will be worth $1.20 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.72% or $1.83 during the last trading session, reaching $108.01. About 1.08M shares traded. Global Payments Inc. (NYSE:GPN) has risen 21.35% since January 20, 2017 and is uptrending. It has outperformed by 4.65% the S&P500.

Global Payments Inc. (NYSE:GPN) Ratings Coverage

Among 37 analysts covering Global Payments Inc. (NYSE:GPN), 30 have Buy rating, 1 Sell and 6 Hold. Therefore 81% are positive. Global Payments Inc. had 107 analyst reports since July 29, 2015 according to SRatingsIntel. Piper Jaffray maintained the shares of GPN in report on Monday, July 24 with “Hold” rating. Barclays Capital maintained the shares of GPN in report on Friday, August 4 with “Overweight” rating. Morgan Stanley maintained it with “Equal-Weight” rating and $106 target in Thursday, November 2 report. The rating was downgraded by Jefferies to “Hold” on Friday, October 9. On Tuesday, July 25 the stock rating was maintained by Oppenheimer with “Buy”. The company was maintained on Wednesday, October 11 by Jefferies. The rating was maintained by Atlantic Securities on Thursday, April 13 with “Overweight”. JP Morgan maintained it with “Overweight” rating and $131 target in Friday, August 14 report. The stock of Global Payments Inc. (NYSE:GPN) earned “Buy” rating by Deutsche Bank on Wednesday, December 16. Stifel Nicolaus upgraded the shares of GPN in report on Friday, November 4 to “Buy” rating.

Another recent and important Global Payments Inc. (NYSE:GPN) news was published by Businesswire.com which published an article titled: “Global Payments to Host Investor Conference on March 1, 2018” on January 08, 2018.

Global Payments Inc. provides payment solutions for credit cards, debit cards, electronic payments, and check-related services. The company has market cap of $17.19 billion. It operates in three divisions: North America, Europe, and Asia-Pacific. It has a 66.3 P/E ratio. The company??s services include authorization services, settlement and funding services, customer support and help-desk functions, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and statements, on-line reporting, industry compliance, and payment card industry security services.

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