Robert W. Baird Sticks to Their Buy Rating for Global Payments Inc (GPN)


In a report released today, David Koning from Robert W. Baird maintained a Buy rating on Global Payments Inc (GPN), with a price target of $203. The company’s shares closed last Monday at $163.74, close to its 52-week high of $175.95.

According to TipRanks.com, Koning is a top 25 analyst with an average return of 20.9% and a 84.9% success rate. Koning covers the Technology sector, focusing on stocks such as Total System Services, Exlservice Holdings, and Infosys Limited.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Global Payments Inc with a $185.33 average price target, which is a 13.2% upside from current levels. In a report issued on September 5, KeyBanc also maintained a Buy rating on the stock with a $200 price target.

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Global Payments Inc’s market cap is currently $25.65B and has a P/E ratio of 53.51. The company has a Price to Book ratio of 6.43.

Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GPN in relation to earlier this year. Earlier this month, William I. Jacobs, a Director at GPN sold 10,980 shares for a total of $1,924,465.

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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