Global Payments Inc. (GPN) Stock Formed Bullish Double Top Pattern

June 29, 2018 - By Michael Lund

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 increased stakes while 63 funds bought stakes. Funds hold 149.44 million shares thus 0.86% less from 2017Q4’s 150.74 million shares.
Exane Derivatives stated it has 0% of its capital in Global Payments Inc. (NYSE:GPN). Aviva Public Llc has 0.05% invested in Global Payments Inc. (NYSE:GPN) for 77,299 shs. Moreover, Crawford Counsel Incorporated has 0.01% invested in Global Payments Inc. (NYSE:GPN). Lmr Partners Limited Liability Partnership owns 13,484 shs or 0.14% of their US capital. 161,906 are owned by Lord Abbett Limited Liability Corporation. Advisors Asset Management, a Colorado-based fund reported 24,944 shs. Liberty Mutual Grp Inc Asset Mgmt holds 6,077 shs or 0.02% of its capital. Cibc World Mkts has 0.01% invested in Global Payments Inc. (NYSE:GPN). Clearbridge Invs Llc stated it has 148 shs or 0% of all its holdings. Tiverton Asset Mgmt Ltd Liability Corp has 0.02% invested in Global Payments Inc. (NYSE:GPN). Pitcairn has 5,014 shs. Clarivest Asset Mngmt Ltd Liability has invested 0.37% of its capital in Global Payments Inc. (NYSE:GPN). North Amer accumulated 0.08% or 4,436 shs. British Columbia Invest Mngmt has 0.05% invested in Global Payments Inc. (NYSE:GPN) for 59,814 shs. Adage Cap Ptnrs Gp Ltd Limited Liability Company owns 211,300 shs.

Global Payments Inc. had 22 insider sales and 0 insider buys since January 16, 2018. This’s net activity of $8.83 million. On Wednesday, April 18 SILBERSTEIN ALAN M also sold $67,260 worth of Global Payments Inc. (NYSE:GPN). Shares for $625,682 were sold by BALDWIN ROBERT H B JR on Tuesday, January 16. Shares for $255,953 were sold by Green David Lawrence on Friday, May 11. $714,500 worth of Global Payments Inc. (NYSE:GPN) was sold by MARSHALL RUTH ANN.

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 hitting $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.

Investors wait Global Payments Inc. (NYSE:GPN)’s quarterly earnings on August, 2., according to RTT. Analysts predict $1.16 earnings per share, which is $0.27 up or 30.34 % from 2017’s $0.89 earnings per share. If earnings per share of $1.16 is announced the profit of GPN could hit $185.07 million giving it 24.12 P/E. After $1.07 EPS report previous 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 Global Payments Inc has $122.63 average target 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. The stock rating was maintained by Robert W. Baird with “Buy” on Thursday, March 29. On Thursday, February 15 the company was upgraded by Credit Suisse. On Friday, February 16 Citigroup maintained Global Payments Inc. (NYSE:GPN) with “Buy” rating. On Wednesday, February 21 the stock of Global Payments Inc. (NYSE:GPN) earned “Buy” rating by Bank of America. On Thursday, January 4 Mizuho maintained Global Payments Inc. (NYSE:GPN) rating. Mizuho has “Buy” rating and $115.0 target. On Tuesday, February 27 the firm has “Buy” rating given by Stephens. On Thursday, March 1 Cowen & Co maintained Global Payments Inc. (NYSE:GPN) with “Buy” rating. In Friday, February 16 report Stifel Nicolaus maintained it with “Buy” rating and $128.0 target. On Friday, March 2 the firm has “Overweight” rating given by KeyBanc Capital Markets. On Thursday, February 15 Guggenheim maintained the shares of GPN in report with “Buy” rating.

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