The global payment technology solutions provider, Global Payments Inc., has been a topic of interest to investors. The company’s dependency on international sales has been brought to the forefront along with the news of its shares being bought by Van ECK Associates Corp. However, it’s also being investigated by ex-Louisiana Attorney General’s firm, Kahn Swick & Foti. Although the company's stocks experienced some ups and downs recently, it seems steadfast in its $3 billion asking price for AdvancedMD, even though half that value might be more realistic. Meanwhile, Kestra Private Wealth Services LLC has lowered its stake in GPN. The company reported a Q4 earnings beat and guided for future potentials in 2018, while Monness Crespi & Hardt cut Global Payments' target price to $165.00. Acquisitions of the company’s shares by different firms, such as Savant Capital LLC and Sapient Capital LLC, keep making the news. While some entities, like Retirement Systems of Alabama, have decreased their stake in Global Payments, others like Raymond James & Associates and Lindbrook Capital LLC increased theirs. Despite some price target cuts, the company's Q1 2024 earnings recorded an EPS beat, maintaining its 2024 view. Global Payments also announced the pricing of its offering of $1.75 billion of convertible senior notes due 2031. Reports of a possible acquisition talks with Shift4 and a partnership with Commerzbank have also made the rounds.
Global Payments GPN News Analytics from Mon, 14 Aug 2023 07:00:00 GMT to Tue, 07 May 2024 13:10:53 GMT -
Rating 5
- Innovation 2
- Information 4
- Rumor 3
