Global Payments to Acquire Heartland Payment Systems for $4.3 Billion, Combining Leading Payments Technology Companies

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Cowen Raised PT to $100 on Heartland Payment Systems (HPY) Following Announced Acquisition by Global Payments (GPN)

December 16, 2015 8:30 AM EST

Cowen reiterated a Market Perform rating on Heartland Payment Systems (NYSE: HPY), and raised the price target to $100.00 (from $74.00), following Global Payments (NYSE: GPN) announcement that it has entered into a definitive agreement to acquire Heartland... More

SunTrust Downgrades Heartland Payment Systems (HPY) to Neutral

December 16, 2015 6:57 AM EST

SunTrust Robinson Humphrey downgraded Heartland Payment Systems (NYSE: HPY) from Buy to Neutral with a price target of $100.00 (from $86.00).

For an analyst ratings summary and ratings history on Heartland Payment Systems click here.... More

Global Payments (GPN) Reports In-Line Q2 EPS

December 15, 2015 4:29 PM EST

Global Payments (NYSE: GPN) reported Q2 EPS of $0.76, in-line with the analyst estimate of $0.76. Revenue for the quarter came in at $518 million versus the consensus estimate of $526.7 million.

GUIDANCE:

Global Payments sees FY2016 EPS of $2.90-$3.00, versus the consensus of... More