Global Payments Inc Gets a Buy Rating from Robert W. Baird

By Jason Carr

In a report issued on July 16, David Koning from Robert W. Baird reiterated a Buy rating on Global Payments Inc (NYSE: GPN), with a price target of $136. The company’s shares closed yesterday at $117.08, close to its 52-week high of $119.69.

According to TipRanks.com, Koning is a top 100 analyst with an average return of 18.7% and a 87.4% success rate. Koning covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and Total System Services.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Global Payments Inc with a $126.30 average price target, representing a 7.9% upside. In a report issued on July 13, Citigroup also maintained a Buy rating on the stock with a $136 price target.

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Based on Global Payments Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $91.4 million. In comparison, last year the company had a net profit of $66.91 million.

Based on the recent corporate insider activity of 121 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2018, Ruth Ann Marshall, a Director at GPN sold 6,250 shares for a total of $712,692.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Global Payments, Inc. engages in the provision of payment technology services. It operates through the following segments: North America, Europe, and Asia-Pacific. The North America segment offers numerous services and solutions, including: restaurant, hospitality, retail, convenience stores and petroleum, professional services, automotive, and lodging.