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

June 29, 2018 - By Catherine Smith

Global Payments Inc. (NYSE:GPN) Corporate Logo

During 2018 Q1 the big money sentiment decreased to 1. That’s change of 0.18, from 2017Q4’s 1.18. 16 investors sold all, 170 reduced holdings as Global Payments Inc. ratio turned negative. 123 rose holdings while 63 funds took holdings. Funds hold 149.44 million shares thus 0.86% less from 2017Q4’s 150.74 million shares.
Meag Munich Ergo Kapitalanlagegesellschaft Mbh holds 22,617 shs. National Bank Of Ny Mellon reported 0.03% stake. Artisan Partners Partnership holds 1.18% of its capital in Global Payments Inc. (NYSE:GPN) for 5.22M shs. Richard Bernstein Ltd Llc holds 0.02% in Global Payments Inc. (NYSE:GPN) or 4,110 shs. Frontier Management Ltd Liability holds 1.79M shs or 1.45% of its capital. Sei Invests accumulated 154,145 shs. Advisory Svcs Ltd Liability stated it has 0.01% in Global Payments Inc. (NYSE:GPN). American Century Companies accumulated 428,754 shs or 0.05% of the stock. Nomura Hldg has invested 0% in Global Payments Inc. (NYSE:GPN). Point72 Asset Mngmt L P holds 19,200 shs. Fuller & Thaler Asset Management owns 318,705 shs for 0.42% of their capital. Comml Bank Of Montreal Can stated it has 172,758 shs or 0.02% of all its holdings. Livforsakringsbolaget Skandia Omsesidigt has 0.01% invested in Global Payments Inc. (NYSE:GPN) for 2,300 shs. Hennessy, a California-based fund reported 21,600 shs. Private Advisor Group Lc accumulated 0.01% or 3,289 shs.

Global Payments Inc. registered $8.83 million net activity with 0 insider purchases and 22 sales since January 16, 2018. MARSHALL RUTH ANN had sold 6,250 shs worth $714,500 on Tuesday, February 27. On Monday, May 14 JACOBS WILLIAM I also sold $69,616 worth of Global Payments Inc. (NYSE:GPN). On Friday, May 11 the insider Green David Lawrence sold $255,953. SILBERSTEIN ALAN M sold $697,074 worth of Global Payments Inc. (NYSE:GPN) on Friday, March 16.

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 touching $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 by 8.37% the S&P500.

On August, 2. Investors expect Global Payments Inc. (NYSE:GPN) to announce its quarterly earnings, as reported by RTT. The earnings per share diference is $0.27 or 30.34 % up from last years number. Previous year: $0.89; Analysts forcast: $1.16. The profit will be $185.07 million for GPN if $1.16 earnings per share becomes true. 8.41 % EPS growth is what analysts predict. $1.07 earnings per share was reported for last 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”. 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 Mizuho maintained the shares of GPN in report with “Buy” rating. On Thursday, February 15 Stephens maintained the shares of GPN in report with “Buy” rating. The company rating was maintained by KeyBanc Capital Markets on Friday, March 2. On Thursday, February 15 KeyBanc Capital Markets maintained Global Payments Inc. (NYSE:GPN) rating. KeyBanc Capital Markets has “Buy” rating and $120.0 target. On Friday, February 16 Stifel Nicolaus maintained the shares of GPN in report with “Buy” rating. In Thursday, February 15 report Cowen & Co maintained the stock with “Buy” rating. On Thursday, February 15 the company was upgraded by Credit Suisse. On Tuesday, February 27 the company was maintained by Stephens. On Tuesday, January 9 the stock of Global Payments Inc. (NYSE:GPN) has “Overweight” rating given by Stephens. The company rating was maintained by SunTrust on Thursday, February 15.

A couple more Global Payments Inc. (NYSE:GPN) news were announced by: 247Wallst.com which released on June 18, 2018 “Top Analyst Upgrades and Downgrades: BlackRock, Chevron, Disney, Intel, Kinder Morgan, Zillow and More”, also Globenewswire.com on June 12, 2018 announced “New Research: Key Drivers of Growth for Global Payments, Patterson-UTI Energy, Celanese, Westlake Chemical, Las …”, the next Streetinsider.com is “Goldman Sachs Downgrades Global Payments (GPN) to Neutral” on June 18, 2018. Livetradingnews.com has article titled “Wall Street’s Top Analysts Upgrades, Downgrades & Initiations”.

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

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