Global Payments (GPN) Receiving Somewhat Positive News Coverage, Report Shows
Media headlines about Global Payments (NYSE:GPN) have been trending somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Global Payments earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news articles about the business services provider an impact score of 46.3231615207557 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Technical indicators to predict the future price movements of Global Payments Inc. (GPN) – Wall Street Morning (wallstreetmorning.com)
- Global Payments (GPN) Scheduled to Post Quarterly Earnings on Thursday (americanbankingnews.com)
- Global Payments Inc (GPN) Given Consensus Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- Evaluate Stock’s Volatility Before Making Any Investment Decision – Global Payments Inc (NYSE: GPN) – Stocks Pen (stockspen.com)
- Stock’s Technical Picture to Focus on Global Payments Inc. (GPN) – Wall Street Morning (wallstreetmorning.com)
GPN has been the subject of several recent analyst reports. Stephens raised shares of Global Payments from an “equal weight” rating to an “overweight” rating and set a $122.00 price objective for the company in a research report on Tuesday, January 9th. Piper Jaffray Companies upped their price objective on shares of Global Payments to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 8th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $122.00 price objective on shares of Global Payments in a research report on Friday, December 22nd. Nomura reaffirmed a “sell” rating and set a $83.00 price objective on shares of Global Payments in a research report on Monday, October 16th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $124.00 price objective on shares of Global Payments in a research report on Tuesday, January 23rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-two have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $105.26.
Global Payments (NYSE:GPN) last issued its earnings results on Wednesday, November 8th. The business services provider reported $1.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.12. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $917.31 million. Global Payments had a return on equity of 18.50% and a net margin of 7.14%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.89 earnings per share. sell-side analysts forecast that Global Payments will post 3.81 EPS for the current year.
In other Global Payments news, Director William I. Jacobs sold 600 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $98.32, for a total transaction of $58,992.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders have sold 3,600 shares of company stock valued at $366,270. Insiders own 0.93% of the company’s stock.
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About Global Payments
Global Payments Inc is a provider of payment technology services. The Company provides payment and digital commerce solutions. The Company operates through three segments: North America, Europe and Asia-Pacific. The Company’s segments primarily provide payment solutions for credit cards, debit cards, electronic payments and check-related services.
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