Global Payments Inc. (GPN) Trades at $111.92 Forming Bullish Double Top Chart Pattern

June 29, 2018 - By Nellie Deboer

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 took holdings and 123 increased holdings. Investors holded 150.74 million in 2017Q4 but now own 149.44 million shares or 0.86% less.
Meiji Yasuda Asset Mgmt Ltd reported 2,010 shs or 0.02% of all its holdings. Fjarde Ap reported 46,205 shs. Pittenger Anderson invested in 1,000 shs. Nomura has invested 0% in Global Payments Inc. (NYSE:GPN). Lord Abbett Com Lc has invested 0.05% in Global Payments Inc. (NYSE:GPN). Klingenstein Fields & Limited Liability holds 0.01% or 2,040 shs. Two Sigma Lc owns 3,711 shs for 0% of their capital. Barometer Mgmt holds 58,800 shs or 0.55% of its capital. Sheets Smith Wealth Mngmt holds 0.18% or 6,647 shs in its capital. Hudson Bay Mgmt Lp invested in 45,000 shs. Gulf Commercial Bank (Uk) Limited owns 49,071 shs. Ima Wealth Inc accumulated 1,844 shs or 0.09% of the stock. Chevy Chase Trust Hldg Inc reported 134,760 shs stake. Driehaus Management Limited Liability Com reported 9,325 shs. Bluecrest Management Limited holds 2,564 shs.

Global Payments Inc. had 22 sales and 0 insider buys since January 16, 2018. This’s net activity of $8.83 million. $1.21 million worth of Global Payments Inc. (NYSE:GPN) shs were sold by JACOBS WILLIAM I. Another trade for 600 shs valued at $63,630 was made by SILBERSTEIN ALAN M on Thursday, January 18. 6,000 Global Payments Inc. (NYSE:GPN) shs with value of $709,060 were sold by BALDWIN ROBERT H B JR. $255,953 worth of Global Payments Inc. (NYSE:GPN) was sold by Green David Lawrence on Friday, May 11.

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. announced it on Jun, 29. $1.43 billion more could be GPN valuation at $120.87 share price.

Ticker’s shares touched $111.92 during the last trading session after 1.75% change.Currently Global Payments Inc. is uptrending after 20.94% change in last June 29, 2017. GPN has 370,936 shares volume. GPN outperformed by 8.37% the S&P500.

Global Payments Inc. (NYSE:GPN)’s earnings release is expected by WallStreet on August, 2, Zacks reports. Analysts forecast $1.16 earnings per share, which is $0.27 up or 30.34 % from 2017’s $0.89 earnings per share. This could be $185.07M profit for GPN assuming the current $1.16 earnings per share will become reality. After $1.07 EPS report last quarter, Wall Street now forecasts 8.41 % EPS growth of Global Payments Inc..

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”. 76% are bullish. 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 analyst reports since January 4, 2018 according to StockzIntelligence Inc. On Thursday, February 15 the stock of Global Payments Inc. (NYSE:GPN) earned “Buy” rating by Stephens. On Thursday, February 15 Credit Suisse upgraded the shares of GPN in report to “Buy” rating. The stock rating was maintained by Cowen & Co with “Buy” on Thursday, March 1. The stock rating was maintained by Piper Jaffray with “Hold” on Thursday, January 18. On Thursday, February 15 the stock of Global Payments Inc. (NYSE:GPN) earned “Buy” rating by BMO Capital Markets. On Thursday, March 29 Robert W. Baird maintained the shares of GPN in report with “Buy” rating. On Wednesday, February 21 the stock has “Buy” rating by Bank of America. In Thursday, February 15 report Keefe Bruyette & Woods maintained the stock with “Buy” rating. In Tuesday, February 27 report Stephens maintained it with “Buy” rating and $125.0 target. On Friday, March 2 the rating was upgraded by PiperJaffray to “Overweight”.

A couple more Global Payments Inc. (NYSE:GPN) news were published by: which released on June 12, 2018 “New Research: Key Drivers of Growth for Global Payments, Patterson-UTI Energy, Celanese, Westlake Chemical, Las …”, also on June 18, 2018 published “Top Analyst Upgrades and Downgrades: BlackRock, Chevron, Disney, Intel, Kinder Morgan, Zillow and More”, the next is “Wall Street’s Top Analysts Upgrades, Downgrades & Initiations” on June 18, 2018. has article titled “Goldman Sachs Downgrades Global Payments (GPN) to Neutral”.

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

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