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Stock Market & Financial Investment News

News Breaks
January 14, 2014
06:03 EDTTSS, GPNGlobal Payments added to Focus List, Total System removed at Citigroup
Citigroup added Global Payments (GPN) to its Focus List in place of Total System (TSS) and keeps a Buy rating on both names. Citi said it has confidence in Global Payments' ability to expand its margins and increase shareholder returns. The firm has a $78 price target for Global Payments shares and a $38 price target for shares of Total System.
News For GPN;TSS From The Last 14 Days
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July 30, 2015
10:00 EDTTSSOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Altria Group (MO) downgraded to Outperform from Buy at CLSA... Baxter (BAX) downgraded to Market Perform from Outperform at Leerink... Changyou.com (CYOU) downgraded to Hold from Buy at Summit Research... Depomed (DEPO) downgraded to Neutral from Buy at Janney Capital... Euronet (EEFT) downgraded to Neutral from Buy at Monness Crespi... Foundation Medicine (FMI) downgraded to Market Perform at JMP Securities... Garmin (GRMN) downgraded to Underweight from Neutral at JPMorgan... Golden Star Resources (GSS) downgraded to Hold at Canaccord... Grainger (GWW) downgraded on negative catalysts at RBC Capital... Henry Schein (HSIC) downgraded to Hold from Buy at Evercore ISI... LINN Energy (LINE) downgraded to Market Perform from Outperform at Raymond James... LifeLock (LOCK) downgraded to Neutral from Buy at BofA/Merrill... LinnCo (LNCO) downgraded to Market Perform from Outperform at Raymond James... Manitowoc (MTW) downgraded to Hold from Buy at BB&T... PACCAR (PCAR) downgraded to Equal Weight on peak cycle concerns at Morgan Stanley... PG&E (PCG) downgraded to Neutral from Outperform at Credit Suisse... Pacer (PACR) downgraded to Equal Weight from Overweight at Morgan Stanley... Penn Virginia (PVA) downgraded to Sector Perform from Outperform at Scotia... Shutterfly (SFLY) downgraded to Market Perform at Raymond James... Terex (TEX) downgraded to Hold from Buy at BB&T... Total System (TSS) downgraded to Neutral at Baird... Whiting Petroleum (WLL) downgraded to Equal Weight from Overweight at Stephens... Whole Foods (WFM) downgraded to Equal Weight from Overweight at Morgan Stanley.
09:09 EDTTSSTotal System downgraded to Neutral at Baird
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06:29 EDTTSSTotal System downgraded to Neutral from Outperform at Baird
July 29, 2015
07:44 EDTTSSTotal System price target raised to $53 from $42 at Susquehanna
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July 28, 2015
16:19 EDTTSSTotal System raises FY15 EPS view to $2.25-$2.29, consensus $2.24
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16:03 EDTTSSTotal System reports Q2 EPS 58c, consensus 54c
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12:51 EDTGPNGlobal Payments reports Q4 cash EPS $1.22, consensus $1.18
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07:15 EDTGPNGlobal Payments says board expanded repurchase authorization by $300M
Global Payments’ Board of Directors expanded its share repurchase authorization by an incremental $300 million, bringing its total current authorization to $403 million. Under the company’s new authorization, Global Payments may repurchase shares in the open market or as otherwise may be determined by the company, subject to market conditions, business opportunities and other factors. The company has no obligation to repurchase shares under this program. This authorization has no expiration date and may be suspended or terminated at any time. Repurchased shares will be retired but will be available for future issuance.
07:14 EDTGPNGlobal Payments sees FY16 EPS $5.60-$5.78, consensus $5.44
Sees FY16 GAAP revenue $2.87B-$2.95B, consensus $2.96B. Sees FY16 adjusted revenue $2.06B-$2.1B.
July 27, 2015
08:39 EDTGPNGlobal Payments, Caixa, Erste to form joint venture
Global Payments (GPN), CaixaBank (CAIXY), and Erste Group Bank (EBKDY) announced an agreement to form a joint venture to provide merchant acquiring and payment services in three core locations in Central and Eastern Europe: Czech Republic, Slovakia and Romania. Global Payments and CaixaBank will pay EUR30M in cash to acquire a 51% majority ownership in the venture. Erste Group will contribute its existing merchant acquiring businesses in each of the three countries to the joint venture and will hold a 49% interest. The transaction is expected to close in the second half of fiscal 2016, subject to receipt of regulatory approvals and satisfaction of customary closing conditions. Global Payments does not expect the joint venture to have a material impact on the company’s fiscal 2016 cash earnings per share or capital plans. Global Payments will provide additional financial information about the joint venture upon closing.
July 17, 2015
07:45 EDTTSSTotal System should beat consensus in Q2, says Stephens
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