Susquehanna analyst James Friedman reiterated a Hold rating on Global Payments Inc (NYSE: GPN) today and set a price target of $108. The company’s shares opened today at $119.75, close to its 52-week high of $121.
According to TipRanks.com, Friedman is a 5-star analyst with an average return of 19.0% and a 70.4% success rate. Friedman covers the Technology sector, focusing on stocks such as Alliance Data Systems, Total System Services, and Epam Systems Inc.
Global Payments Inc has an analyst consensus of Strong Buy, with a price target consensus of $133.79, an 11.7% upside from current levels. In a report issued on July 28, CFRA also maintained a Hold rating on the stock with a $119 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.
