News coverage about Global Payments (NYSE:GPN) has been trending somewhat positive recently, according to AlphaOne. AlphaOne, a unit of Accern, identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Global Payments earned a media sentiment score of 0.12 on AlphaOne’s scale. AlphaOne also assigned press coverage about the company an impact score of 80 out of 100, meaning that recent media coverage is likely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Alpha One’s analysis:
- Global Payments Announces New TouchNet® OneCard VIP™ Platform for Cloud-Based Campus Transactions (finance.yahoo.com)
- Oppenheimer Holdings Weighs in on Global Payments Inc’s Q2 2017 Earnings (GPN) (americanbankingnews.com)
- Zooming in on Opinion Indicators for Global Payments Inc (GPN) – Stock Rover (thestockrover.com)
- Global Payments Launches Enhanced Ecommerce Offering in Canada – Business Wire (press release) (businesswire.com)
- Zacks: Brokerages Expect Global Payments Inc (GPN) Will Post Quarterly Sales of $766.28 Million (americanbankingnews.com)
Global Payments (NYSE:GPN) traded up 0.04% during mid-day trading on Thursday, hitting $77.54. 1,064,969 shares of the stock were exchanged. The company has a 50-day moving average price of $79.07 and a 200-day moving average price of $75.31. Global Payments has a one year low of $64.63 and a one year high of $81.63. The company has a market cap of $11.80 billion, a P/E ratio of 55.82 and a beta of 1.05.
Global Payments (NYSE:GPN) last announced its quarterly earnings results on Monday, January 9th. The company reported $0.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.05. The business earned $817.20 million during the quarter. Global Payments had a return on equity of 19.50% and a net margin of 7.28%. The company’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 EPS. On average, analysts predict that Global Payments will post $3.45 earnings per share for the current fiscal year.
Several research firms recently commented on GPN. Atlantic Securities began coverage on shares of Global Payments in a report on Wednesday. They issued an “overweight” rating and a $91.00 price target on the stock. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $88.00 price target (up previously from $85.00) on shares of Global Payments in a report on Wednesday, January 11th. Piper Jaffray Companies raised their price target on shares of Global Payments from $84.00 to $85.00 and gave the company a “neutral” rating in a report on Tuesday, March 21st. Cantor Fitzgerald restated an “overweight” rating and issued a $93.00 price target on shares of Global Payments in a report on Wednesday, March 15th. Finally, Barclays PLC upgraded shares of Global Payments from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $88.00 to $92.00 in a report on Thursday, March 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eighteen have assigned a buy rating to the stock. Global Payments currently has a consensus rating of “Buy” and an average price target of $85.57.
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In related news, Director Michael W. Trapp sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 20th. The stock was sold at an average price of $79.44, for a total value of $397,200.00. Following the completion of the sale, the director now owns 22,944 shares of the company’s stock, valued at approximately $1,822,671.36. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Alan M. Silberstein sold 3,865 shares of the business’s stock in a transaction that occurred on Friday, January 13th. The shares were sold at an average price of $77.52, for a total value of $299,614.80. Following the completion of the sale, the director now directly owns 58,270 shares of the company’s stock, valued at approximately $4,517,090.40. The disclosure for this sale can be found here. In the last three months, insiders sold 23,565 shares of company stock valued at $1,864,658. 1.10% of the stock is currently owned by company insiders.
Global Payments Company Profile
Global Payments Inc is a provider of payment technology services. The Company provides payment and digital commerce solutions. The Company operates through three segments: North America, Europe and Asia-Pacific. The Company’s segments primarily provide payment solutions for credit cards, debit cards, electronic payments and check-related services.
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