Global Payments Inc (GPN) Gets a Sell Rating from Nomura


Nomura analyst Dan Dolev maintained a Sell rating on Global Payments Inc (NYSE: GPN) on August 2 and set a price target of $97. The company’s shares closed on Friday at $118.77, close to its 52-week high of $121.

According to TipRanks.com, Dolev is a 5-star analyst with an average return of 15.5% and a 65.8% success rate. Dolev covers the Services sector, focusing on stocks such as Servicemaster Global Holdings, ARAMARK Holdings, and S&P Global Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Global Payments Inc with a $131.19 average price target.

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Based on Global Payments Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $109 million. In comparison, last year the company had a net profit of $66.91 million.

Based on the recent corporate insider activity of 121 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2018, Ruth Ann Marshall, a Director at GPN sold 6,250 shares for a total of $712,692.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Global Payments, Inc. engages in the provision of payment technology services. It operates through the following segments: North America, Europe, and Asia-Pacific. The North America segment offers numerous services and solutions, including: restaurant, hospitality, retail, convenience stores and petroleum, professional services, automotive, and lodging.

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