Goldman Sachs Upgrades Global Payments Inc to Buy with Price Target $88.00

Brokerage firm Goldman Sachs Upgrades its rating on Global Payments Inc(NYSE:GPN). In a research note issued to the investors, the brokerage major Raises the price-target to $88.00 per share. The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by Goldman Sachs was issued on Sep 15, 2016.

In a different note, On Jul 29, 2016, Keefe Bruyette & Woods said it Maintains its rating on Global Payments Inc. In the research note, the firm Raises the price-target to $88.00 per share. The shares have been rated ‘Outperform’ by the firm. On Jul 29, 2016, Barclays said it Maintains its rating on Global Payments Inc. In the research note, the firm Raises the price-target to $73.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Jul 29, 2016, Nomura said it Maintains its rating on Global Payments Inc. In the research note, the firm Raises the price-target to $64.00 per share. On Jul 19, 2016, Morgan Stanley said it Maintains its rating on Global Payments Inc. In the research note, the firm Raises the price-target to $68.00 per share. The shares have been rated ‘Equalweight’ by the firm. On Jul 7, 2016, Barclays said it Maintains its rating on Global Payments Inc. In the research note, the firm Lowers the price-target to $78.00 per share. The shares have been rated ‘Equalweight’ by the firm.

Global Payments Inc (GPN) shares turned negative on Tuesdays trading session with the shares closing down -0.01 points or -0.01% at a volume of 7,49,903. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $75.08. The peak price level was also seen at $75.08 while the days lowest was $74.17. Finally the shares closed at $74.43. The 52-week high of the shares is $79.93 while the 52-week low is $51.29. According to the latest information available, the market cap of the company is $11,435 M.

Global Payments Inc(GPN) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $620.87M. Analysts had an estimated revenue of $569.98M. Earnings per share were $0.73. Analysts had estimated an EPS of $0.73.

Several Insider Transactions has been reported to the SEC. On Aug 22, 2016, Robert H B Jr Baldwin (director) sold 6,500 shares at $74.34 per share price.Also, On Aug 17, 2016, William I Jacobs (director) sold 600 shares at $74.76 per share price.On Aug 11, 2016, David Lawrence Green (EVP and General Counsel) sold 5,702 shares at $75.06 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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 Company’s 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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