Global Payments (GPN) Received its Third Buy in a Row


After Wedbush and Barclays gave Global Payments (NYSE: GPN) a Buy rating last month, the company received another Buy, this time from Oppenheimer. Analyst Glenn Greene reiterated a Buy rating on Global Payments today and set a price target of $220.00. The company’s shares closed last Monday at $202.94, close to its 52-week high of $203.82.

According to TipRanks.com, Greene is a top 25 analyst with an average return of 23.1% and a 87.0% success rate. Greene covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and Paypal Holdings.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Global Payments with a $215.18 average price target, a 7.1% upside from current levels. In a report issued on January 22, Citigroup also maintained a Buy rating on the stock with a $230.00 price target.

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Based on Global Payments’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $95.04 million. In comparison, last year the company had a net profit of $75.21 million.

Based on the recent corporate insider activity of 98 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GPN in relation to earlier this year.

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 and software solutions. It operates through the following geographical segments: North America, Europe and Asia-Pacific.

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