As Global Pmts INC (GPN) Stock Declined, Shareholder Paradice Investment Management LLC Has Lowered by $7.09 Million Its Holding

July 12, 2018 - By Robert Sims

Global Payments Inc. (NYSE:GPN) LogoInvestors sentiment decreased to 1 in Q1 2018. Its down 0.18, from 1.18 in 2017Q4. It dropped, as 16 investors sold GPN shares while 170 reduced holdings. 63 funds opened positions while 123 raised stakes. 149.44 million shares or 0.86% less from 150.74 million shares in 2017Q4 were reported. Citadel Advisors Ltd Co has 60,459 shares for 0% of their portfolio. Bnp Paribas Asset Mngmt Holdg accumulated 68,094 shares. Fulton Fincl Bank Na owns 4,833 shares or 0.04% of their US portfolio. Veritable LP invested 0.04% in Global Payments Inc. (NYSE:GPN). Condor Cap Mgmt holds 8,338 shares or 0.2% of its portfolio. Connecticut-based Trexquant LP has invested 0.12% in Global Payments Inc. (NYSE:GPN). 392,714 were reported by United Ser Automobile Association. Rhumbline Advisers accumulated 0.07% or 290,363 shares. The Nevada-based Whittier Of Nevada has invested 0% in Global Payments Inc. (NYSE:GPN). 251,931 are owned by Atlanta Management L L C. Mcf Ltd Liability Corp invested in 200 shares. Teacher Retirement Sys Of Texas has invested 0.05% of its portfolio in Global Payments Inc. (NYSE:GPN). Financial Bank Of Montreal Can reported 172,758 shares stake. Bokf Na stated it has 0.01% in Global Payments Inc. (NYSE:GPN). Panagora Asset Mgmt holds 9,377 shares or 0% of its portfolio.

Since January 16, 2018, it had 0 buys, and 22 insider sales for $8.83 million activity. SILBERSTEIN ALAN M sold $68,604 worth of stock. BALDWIN ROBERT H B JR sold $693,184 worth of Global Payments Inc. (NYSE:GPN) on Monday, May 14. 6,250 shares were sold by MARSHALL RUTH ANN, worth $714,500. The insider Green David Lawrence sold $255,953.

Paradice Investment Management Llc decreased its stake in Global Pmts Inc (GPN) by 11.87% based on its latest 2018Q1 regulatory filing with the SEC. Paradice Investment Management Llc sold 63,905 shares as the company’s stock declined 2.61% with the market. The institutional investor held 474,494 shares of the business services company at the end of 2018Q1, valued at $52.92 million, down from 538,399 at the end of the previous reported quarter. Paradice Investment Management Llc who had been investing in Global Pmts Inc for a number of months, seems to be less bullish one the $18.61 billion market cap company. The stock increased 0.18% or $0.21 during the last trading session, reaching $116.62. About 365,589 shares traded. Global Payments Inc. (NYSE:GPN) has risen 20.94% since July 12, 2017 and is uptrending. It has outperformed by 8.37% the S&P500.

Analysts await Global Payments Inc. (NYSE:GPN) to report earnings on August, 2. They expect $1.16 earnings per share, up 30.34 % or $0.27 from last year’s $0.89 per share. GPN’s profit will be $185.07 million for 25.13 P/E if the $1.16 EPS becomes a reality. After $1.07 actual earnings per share reported by Global Payments Inc. for the previous quarter, Wall Street now forecasts 8.41 % EPS growth.

More recent Global Payments Inc. (NYSE:GPN) news were published by: which released: “MoffettNathanson Starts Global Payments (GPN) at Neutral” on July 11, 2018. Also published the news titled: “Former Heartland CEO and his girlfriend charged with insider trading by SEC” on July 10, 2018.‘s news article titled: “Global Payments boosts revolving credit capacity by $250M to $1.5B” with publication date: June 21, 2018 was also an interesting one.

Global Payments Inc. (NYSE:GPN) Ratings Coverage

Among 21 analysts covering Global Payments Inc (NYSE:GPN), 16 have Buy rating, 1 Sell and 4 Hold. Therefore 76% are positive. Global Payments Inc has $135.0 highest and $92 lowest target. $122.63’s average target is 5.15% above currents $116.62 stock price. Global Payments Inc had 25 analyst reports since January 18, 2018 according to SRatingsIntel. Morgan Stanley maintained Global Payments Inc. (NYSE:GPN) on Friday, May 4 with “Equal-Weight” rating. As per Thursday, February 15, the company rating was maintained by Cowen & Co. KeyBanc Capital Markets maintained Global Payments Inc. (NYSE:GPN) rating on Friday, March 2. KeyBanc Capital Markets has “Overweight” rating and $125 target. Guggenheim maintained Global Payments Inc. (NYSE:GPN) rating on Thursday, February 15. Guggenheim has “Buy” rating and $123.0 target. The rating was maintained by Nomura on Tuesday, February 13 with “Reduce”. PiperJaffray upgraded Global Payments Inc. (NYSE:GPN) on Friday, March 2 to “Overweight” rating. The firm earned “Neutral” rating on Monday, June 18 by Goldman Sachs. On Thursday, February 15 the stock rating was maintained by Stephens with “Buy”. The company was maintained on Thursday, January 18 by Piper Jaffray. The firm has “Buy” rating given on Friday, February 16 by Deutsche Bank.

Global Payments Inc. (NYSE:GPN) Institutional Positions Chart

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