Analyst Price Target Update on Global Payments (NYSE:GPN)

Global Payments (NYSE:GPN): The mean estimate for the short term price target for Global Payments (NYSE:GPN) stands at $78 according to 15 Analysts. The higher price target estimate for the stock has been calculated at $90 while the lower price target estimate is at $68.

Many analysts have stated their opinion on the company shares. In a research note released to the investors, Barclays reinstates its rating on Global Payments (NYSE:GPN).The analysts at the brokerage house have a current rating of Equal-weight on the shares. In a recent information released to the investors, Barclays announces the price target of $78 per share. The rating by the firm was issued on May 4, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities,The director of Global Payments Inc, Jacobs William I sold 1,200 shares at $72.87 on May 2, 2016. The Insider selling transaction had a total value worth of $87,444. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Global Payments (NYSE:GPN) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.96 points or 1.28% at $73.78 with 1,583,123 shares getting traded. Post opening the session at $74, the shares hit an intraday low of $73.49 and an intraday high of $74.65 and the price was in this range throughout the day. The company has a market cap of $11,362 million and the number of outstanding shares have been calculated to be 154,001,000 shares. The 52-week high of Global Payments (NYSE:GPN) is $78.92 and the 52-week low is $50.695.

Global Payments Inc. is a provider of payment technology services. The Company provides payment and digital commerce solutions. The Company operates in two segments: North America merchant services and International merchant services. The Companys North America merchant services and International merchant services segments primarily provide payment solutions for credit cards, debit cards, electronic payments and check-related services. The Companys North America merchant services and International merchant services segments target customers in various industries, including financial services, gaming, government, healthcare, professional services, restaurants, retail, universities, not-for-profit organizations and utilities. The Company performs a series of services, including authorization, electronic draft capture, file transfers to facilitate funds settlement and certain exception-based, back office support services, such as chargeback and retrieval resolution.

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