In today’s session Global Payments Inc (GPN) registered an unusually high (648) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious GPN increase. With 648 contracts traded and 4644 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: GPN161021C00080000 closed last at: $1.7 or 21.4% up. About 534,495 shares traded hands. Global Payments Inc (NYSE:GPN) has risen 22.85% since March 2, 2016 and is uptrending. It has outperformed by 14.60% the S&P500.
Global Payments Inc (NYSE:GPN) Ratings Coverage
Out of 22 analysts covering Global Payments Inc. (NYSE:GPN), 17 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 77% are positive. $150.0 is the highest target while $66 is the lowest. The $98.44 average target is 26.37% above today’s ($77.9) stock price. Global Payments Inc. has been the topic of 43 analyst reports since July 29, 2015 according to StockzIntelligence Inc. On Thursday, December 24 the stock rating was maintained by Topeka Capital Markets with “Hold”. The rating was initiated by Wedbush on Friday, September 9 with “Outperform”. The firm has “Overweight” rating by JP Morgan given on Thursday, April 7. The rating was maintained by Barclays Capital with “Equal Weight” on Friday, September 30. The stock of Global Payments Inc (NYSE:GPN) has “Buy” rating given on Friday, August 28 by Deutsche Bank. As per Tuesday, April 19, the company rating was initiated by William Blair. Oppenheimer maintained the shares of GPN in a report on Wednesday, July 29 with “Outperform” rating. Barclays Capital maintained it with “Equal-Weight” rating and $117 target price in Monday, October 5 report. As per Friday, December 11, the company rating was initiated by Credit Suisse. Deutsche Bank maintained the stock with “Buy” rating in Wednesday, December 16 report.
According to Zacks Investment Research, “Global Payments Inc. is a leading provider of electronic transaction processing services for consumers, merchants, Independent Sales Organizations, financial institutions, government agencies and multi- national corporations located throughout the United States, Canada, Latin America and Europe. Global Payments offers a comprehensive line of processing solutions for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery, as well as terminal management. The company also provides consumer money transfer services from the U.S. and Europe to destinations in Latin America, Morocco, and the Philippines.”
Insitutional Activity: The institutional sentiment increased to 1.86 in 2016 Q2. Its up 1.12, from 0.74 in 2016Q1. The ratio increased, as 35 funds sold all Global Payments Inc shares owned while 113 reduced positions. 95 funds bought stakes while 180 increased positions. They now own 147.05 million shares or 14.50% more from 128.43 million shares in 2016Q1.
Mizuho Asset Coltd last reported 2,360 shares in the company. Fincl Bank Of America Corporation De last reported 1.02M shares in the company. Verition Fund Ltd Company holds 0.07% or 7,181 shares in its portfolio. Arizona State Retirement Sys last reported 0.04% of its portfolio in the stock. Moreover, Deere & Company has 0.03% invested in Global Payments Inc (NYSE:GPN) for 6,930 shares. Quantbot Technologies Limited Partnership last reported 75,168 shares in the company. Parkside Savings Bank & has 200 shares for 0.01% of their US portfolio. Ameritas Investment Prtnrs Incorporated owns 17,600 shares or 0.08% of their US portfolio. Profund Advisors Ltd Llc accumulated 0.02% or 4,441 shares. Lazard Asset Management Limited Liability Corporation holds 0.04% or 219,068 shares in its portfolio. Ladenburg Thalmann reported 4,021 shares or 0% of all its holdings. The California-based Tcw Gru Inc has invested 0.01% in Global Payments Inc (NYSE:GPN). Jpmorgan Chase accumulated 1.28 million shares or 0.02% of the stock. Raymond James Fincl Services Advisors Inc, a Florida-based fund reported 3,904 shares. Gotham Asset Mgmt Limited Liability Co holds 0% of its portfolio in Global Payments Inc (NYSE:GPN) for 3,511 shares.
Insider Transactions: Since April 11, 2016, the stock had 0 insider purchases, and 14 insider sales for $12.95 million net activity. WILKINS GERALD J sold $225,660 worth of Global Payments Inc (NYSE:GPN) on Wednesday, April 13. Another trade for 8,740 shares valued at $635,485 was sold by MARSHALL RUTH ANN. Sacchi Guido Francesco sold $1.08 million worth of stock. MANGUM DAVID E had sold 23,334 shares worth $1.74M. $485,745 worth of Global Payments Inc (NYSE:GPN) was sold by BALDWIN ROBERT H B JR. JACOBS WILLIAM I sold $478,336 worth of stock or 6,360 shares. Green David Lawrence sold $427,992 worth of stock or 5,702 shares.
Global Payments Inc. is a provider of payment technology services. The company has a market cap of $11.87 billion. The Firm provides payment and digital commerce solutions. It has a 37.83 P/E ratio. The Firm operates through three divisions: North America, Europe and Asia-Pacific.
GPN Company Profile
Global Payments Inc., incorporated on October 1, 2000, is a well-known provider of payment technology services. The Firm provides payment and digital commerce solutions. The Firm operates through three divisions: North America, Europe and Asia-Pacific. The Company’s divisions primarily provide payment solutions for credit cards, debit cards, electronic payments and check-related services. It target clients in various industries, including financial services, gaming, government, healthcare, professional services, restaurants, retail, universities, not-for-profit organizations and utilities. It provides services across a range of channels to merchants and partners in over 30 countries throughout North America, Europe, the Asia-Pacific region and Brazil.
More news for Global Payments Inc (NYSE:GPN) were recently published by: Seekingalpha.com, which released: “Global Payments Mergers Offer Dividend Growth” on October 04, 2016. Seekingalpha.com‘s article titled: “More on Global Payments’ FQ1” and published on October 05, 2016 is yet another important article.
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