Piper Jaffray Raises Price Target on Global Payments (GPN) Following a Strong 3Q

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Go back to Piper Jaffray Raises Price Target on Global Payments (GPN) Following a Strong 3Q

Global Payments Reports Third Quarter Earnings and Raises Annual Fiscal 2016 Outlook

April 6, 2016 7:01 AM EDT

ATLANTA--(BUSINESS WIRE)-- Global Payments Inc. (NYSE: GPN) today announced results for its fiscal third quarter ended February 29, 2016.

We delivered strong financial results for the quarter, accelerating growth across our key markets. We are especially pleased with our performance in North America and Europe, with sequentially higher adjusted net revenue growth in the United States direct channel and the United Kingdom, said Chief Executive Officer Jeff Sloan. We also grew margins in each region, highlighting solid execution.

Sloan continued, We are delighted with the progress we have made on the partnership with... More