Revenue Update on Global Payments Inc(NYSE:GPN)

Global Payments Inc(NYSE:GPN) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $620.87M. Analysts estimated a revenue of $569.98M. Earnings per share were $0.73. Analysts had estimated an EPS of $0.73.

In a different note, 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. On May 4, 2016, Barclays said it Reinstates its rating on Global Payments Inc. The shares have been rated ‘Equal-weight’ by the firm.

Global Payments Inc (GPN) made into the market gainers list on Thursdays trading session with the shares advancing 0.55% or 0.4 points. Due to strong positive momentum, the stock ended at $73.56, which is also near the day’s high of $74.2. The stock began the session at $73.16 and the volume stood at 13,78,262 shares. The 52-week high of the shares is $79.93 and the 52 week low is $50.695. The company has a current market capitalization of $11,301 M and it has 15,36,30,060 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 20, 2016, Robert H B Jr Baldwin (director) sold 6,500 shares at $76.61 per share price.Also, On Jul 15, 2016, William I Jacobs (director) sold 600 shares at $75.80 per share price.On Apr 13, 2016, Gerald J Wilkins (director) sold 3,000 shares at $75.22 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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