Do Institutional Investors Love Global Payments Inc (NYSE:GPN)?

October 22, 2018 - By Ash

Global Payments Inc. (NYSE:GPN) Logo

Sentiment for Global Payments Inc (NYSE:GPN)

Global Payments Inc (NYSE:GPN) institutional sentiment increased to 1.11 in 2018 Q2. Its up 0.11, from 1 in 2018Q1. The ratio is positive, as 194 active investment managers opened new or increased stock positions, while 174 sold and decreased positions in Global Payments Inc. The active investment managers in our partner’s database reported: 147.75 million shares, down from 149.44 million shares in 2018Q1. Also, the number of active investment managers holding Global Payments Inc in their top 10 stock positions decreased from 8 to 6 for a decrease of 2. Sold All: 25 Reduced: 149 Increased: 151 New Position: 43.

Global Payments Inc. provides payment solutions for credit cards, debit cards, electronic payments, and check-related services. The company has market cap of $18.49 billion. It operates in three divisions: North America, Europe, and Asia-Pacific. It has a 33.56 P/E ratio. The companyÂ’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.

The stock increased 0.33% or $0.39 during the last trading session, reaching $116.89. About 289,013 shares traded. Global Payments Inc. (NYSE:GPN) has risen 30.45% since October 22, 2017 and is uptrending. It has outperformed by 14.83% the S&P500.

Analysts await Global Payments Inc. (NYSE:GPN) to report earnings on November, 14. They expect $1.34 earnings per share, up 18.58 % or $0.21 from last year’s $1.13 per share. GPN’s profit will be $211.97 million for 21.81 P/E if the $1.34 EPS becomes a reality. After $1.21 actual earnings per share reported by Global Payments Inc. for the previous quarter, Wall Street now forecasts 10.74 % EPS growth.

Sandhill Capital Partners Llc holds 4.56% of its portfolio in Global Payments Inc. for 258,320 shares. Paradice Investment Management Llc owns 466,980 shares or 3.52% of their US portfolio. Moreover, Palestra Capital Management Llc has 2.97% invested in the company for 610,000 shares. The Virginia-based Chase Investment Counsel Corp has invested 2.79% in the stock. Jlb & Associates Inc, a Michigan-based fund reported 105,022 shares.

Since January 1, 0001, it had 0 insider purchases, and 21 selling transactions for $16.00 million activity.

Global Payments Inc. (NYSE:GPN) Ratings Coverage

Ratings analysis reveals 57% of Global Payments’s analysts are positive. Out of 7 Wall Street analysts rating Global Payments, 4 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $119 while the high is $139. The stock’s average target of $126.33 is 8.08% above today’s ($116.89) share price. GPN was included in 9 notes of analysts from May 4, 2018. The rating was maintained by Morgan Stanley on Thursday, July 19 with “Equal-Weight”. The rating was downgraded by Goldman Sachs on Monday, June 18 to “Neutral”. Morgan Stanley maintained the shares of GPN in report on Friday, May 4 with “Equal-Weight” rating. The rating was maintained by Wedbush with “Outperform” on Tuesday, August 28. The stock of Global Payments Inc. (NYSE:GPN) has “Buy” rating given on Friday, August 3 by Buckingham Research. Citigroup maintained it with “Buy” rating and $136 target in Friday, July 13 report. Morgan Stanley maintained Global Payments Inc. (NYSE:GPN) rating on Friday, August 3. Morgan Stanley has “Equal-Weight” rating and $125 target.

Another recent and important Global Payments Inc. (NYSE:GPN) news was published by Streetinsider.com which published an article titled: “Global Payments (GPN) Reports Acquisition of SICOM Systems for Approx. $415M” on September 27, 2018.

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

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