How Many Global Payments Inc. (NYSE:GPN)'s Analysts Are Bearish?

Marco Green
December 17, 2017

Picton Mahoney Asset Management sold 22,800 shares as the company's stock declined 29.01% while stock markets rallied. As per Thursday, November 9, the company rating was maintained by BMO Capital Markets. Global Payments Inc. (NYSE:GPN) has risen 21.35% since December 15, 2016 and is uptrending. It has underperformed by 10.29% the S&P500.

Among 36 analysts covering Global Payments Inc.

Wells Fargo & Company increased its stake in Mueller Inds Inc (MLI) by 12.31% based on its latest 2017Q2 regulatory filing with the SEC. Insight 2811 Inc who had been investing in Global Pmts Inc for a number of months, seems to be less bullish one the $16.05B market cap company. The volume of GPN witnessed a shift from 1.27 million shares, based on a 50-day average, to 1.07 million shares. Sumitomo Mitsui Tru Hldgs owns 0.06% invested in Global Payments Inc.

The stock increased 0.32% or $0.32 during the last trading session, reaching $99.67. Insight 2811 owns 2,958 shares. Inc. grew its position in Global Payments by 0.8% in the 2nd quarter. It has outperformed by 4.65% the S&P500. Mago Angela G also sold $92,400 worth of KeyCorp (NYSE:KEY) shares. About 4.59M shares traded. (NYSE:GPN). Navellier And Assocs accumulated 28,159 shares. (NYSE:GPN). Independent Portfolio Consultants Inc has 2,747 shares. Therefore 59% are positive.

Global Payments Inc is a provider of payment technology services. The firm has "Buy" rating given on Friday, January 8 by SunTrust. The company was downgraded on Friday, August 4 by Compass Point. The stock of PHH Corporation (NYSE:PHH) earned "Outperform" rating by KBW on Monday, August 10. The company was initiated on Tuesday, April 19 by William Blair. Robert W. Baird reissued a "buy" rating and issued a $106.00 price target on shares of Global Payments in a report on Tuesday, September 5th. The rating was maintained by RBC Capital Markets with "Buy" on Friday, October 6. The firm has "Market Perform" rating by Wood given on Thursday, August 11. (NYSE:SLCA) earned "Buy" rating by RBC Capital Markets on Monday, May 29. The firm has "Buy" rating given on Tuesday, January 10 by Stifel Nicolaus.

Investors sentiment increased to 1.18 in Q2 2017. Its down 0.14, from 1.02 in 2017Q1. It improved, as 24 investors sold PHH shares while 26 reduced holdings. 56 funds opened positions while 122 raised stakes. Apg Asset Nv has 53,182 shares.

Retirement Systems Of Alabama accumulated 73,932 shares or 0.04% of the stock. Bessemer Group stated it has 0.02% of its portfolio in Mueller Industries, Inc. Timessquare Capital Management Llc has invested 1.95% in Global Payments Inc. Palisade Management Lc Nj holds 531,876 shares or 0.61% of its portfolio. Nordea Invest Mngmt Ab holds 6,346 shares or 0% of its portfolio. Northern Trust Corporation reported 0.01% stake. (NYSE:GPN). Hanson Doremus Investment, Vermont-based fund reported 334 shares. Fincl Architects has 1,735 shares for 0.03% of their portfolio. (NYSE:MLI). Credit Suisse Ag invested 0% in Mueller Industries, Inc.

Rafferty Asset Management Llc, which manages about $7.35B and $3.48B US Long portfolio, upped its stake in Apple Inc (NASDAQ:AAPL) by 25,831 shares to 37,420 shares, valued at $5.39 million in 2017Q2, according to the filing. (NASDAQ:ALGN) by 121,299 shares to 425,848 shares, valued at $63.93M in 2017Q2, according to the filing. U.S. Silica Holdings, Inc.

Since August 4, 2017, it had 0 buys, and 5 selling transactions for $5.15 million activity. Global Payments Inc. (NYSE:GPN) has risen 21.35% since December 16, 2016 and is uptrending. (NYSE:GPN) on Monday, August 21. SILBERSTEIN ALAN M also sold $58,614 worth of Global Payments Inc.

In other news, Director Robert H.B. Baldwin, Jr. sold 26,000 shares of Global Payments stock in a transaction on Thursday, October 12th. (NYSE:GPN) was sold by MANGUM DAVID E on Thursday, August 10. Finally, Stephens Inc. AR bought a new position in shares of Global Payments during the second quarter worth approximately $143,000. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-three have issued a buy rating to the company. Therefore 81% are positive. During the same period in the previous year, the company posted $0.89 EPS. research analysts expect that Global Payments Inc will post 3.81 EPS for the current fiscal year.

GPN has been the topic of several analyst reports. The rating was maintained by Atlantic Securities on Thursday, April 13 with "Overweight". The firm earned "Overweight" rating on Wednesday, October 11 by Barclays Capital. Finally, Piper Jaffray Companies raised their price target on Global Payments to $105.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 8th. The rating was upgraded by Goldman Sachs on Thursday, September 15 to "Buy". The company was maintained on Thursday, August 17 by Morgan Stanley.

Investors of record on Friday, December 15th will be given a $0.01 dividend. Its down 0.07, from 0.96 in 2017Q1. It worsened, as 32 investors sold Global Payments Inc. shares while 156 reduced holdings. Sterling Capital Mgmt Limited Company invested in 120,209 shares or 0.1% of the stock. Pnc Financial Svcs Gru Incorporated holds 57,552 shares or 0% of its portfolio. Oppenheimer And Comm holds 0.01% or 8,000 shares in its portfolio. Friess Assoc Ltd Limited Liability Company reported 204,817 shares or 1.68% of all its holdings. Voya Mgmt invested 0.15% of its portfolio in Global Payments Inc. (NYSE:GPN). Guardian Life Insur Co Of America holds 0% or 342 shares in its portfolio. 9,775 are held by Kentucky Retirement. (NYSE:GPN), 29 have Buy rating, 1 Sell and 6 Hold. State Of New Jersey Common Pension Fund D holds 0.08% or 1.10M shares. 14,200 are held by New Mexico Educational Retirement Board. The legal version of this piece can be accessed at https://www.thelincolnianonline.com/2017/12/16/california-public-employees-retirement-system-raises-holdings-in-global-payments-inc-gpn.html.

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