Piper Jaffray Raises Price target on Global Payments (GPN) to $133 Following 14c EPS Beat

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Go back to Piper Jaffray Raises Price target on Global Payments (GPN) to $133 Following 14c EPS Beat

Global Payments Reports First Quarter Earnings, Increases Annual Fiscal 2016 Outlook and Declares Two-for-One Stock Split

October 7, 2015 7:01 AM EDT

ATLANTA--(BUSINESS WIRE)-- Global Payments Inc. (NYSE: GPN) today announced results for its fiscal first quarter ended August 31, 2015.

We are delighted with our outstanding first quarter results, which represent an excellent start to the 2016 fiscal year and a continuation of exceeding our expectations across our markets, said Jeff Sloan, Chief Executive Officer. This performance builds on the momentum we have generated as we continue to invest in our strategy to expand distribution and create competitive differentiation through technology by delivering innovative solutions globally.

First Quarter Fiscal 2016 Summary

Adjusted... More