After KBW and Citigroup gave Global Payments Inc (NYSE: GPN) a Buy rating last month, the company received another Buy, this time from Stephens. Analyst Brett Huff reiterated a Buy rating on Global Payments Inc today and set a price target of $129. The company’s shares opened today at $119.75, close to its 52-week high of $121.
According to TipRanks.com, Huff is a top 100 analyst with an average return of 30.2% and a 91.2% success rate. Huff covers the Technology sector, focusing on stocks such as Bottomline Technologies, Jack Henry & Associates, and Fidelity National Info.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Global Payments Inc with a $133.47 average price target, implying an 11.5% upside from current levels. In a report issued on July 24, Guggenheim also reiterated a Buy rating on the stock with a $123 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.
