Logan Capital Management Lowered Its Global Pmts Com (GPN) Holding; Kennedy Capital Management Has Decreased By $424,138 Its Manitex International (MNTX) Position

June 18, 2018 - By Neil V. Hobbs

Global Payments Inc. (NYSE:GPN) Logo

Kennedy Capital Management Inc decreased Manitex International Inc (MNTX) stake by 8.34% reported in 2018Q1 SEC filing. Kennedy Capital Management Inc sold 38,558 shares as Manitex International Inc (MNTX)’s stock rose 12.68%. The Kennedy Capital Management Inc holds 423,526 shares with $4.84 million value, down from 462,084 last quarter. Manitex International Inc now has $235.05 million valuation. The stock decreased 1.56% or $0.19 during the last trading session, reaching $12. About 103,276 shares traded or 64.32% up from the average. Manitex International, Inc. (NASDAQ:MNTX) has risen 66.90% since June 18, 2017 and is uptrending. It has outperformed by 54.33% the S&P500. Some Historical MNTX News: ; 28/03/2018 – MANITEX INTERNATIONAL INC – QTRLY NET LOSS FROM CONTINUING OPERATIONS $0.04 PER SHARE; 25/05/2018 – MANITEX INTERNATIONAL – INGO SCHILLER, PRESIDENT AND CEO OF TADANO AMERICA WILL BE INITIAL MEMBER OF BOARD DESIGNATED BY TADANO; 19/03/2018 – Manitex International, Inc. Announces the Appointment of Versalift East LLC. as a Distributor of Manitex Knuckle Boom and Aerial Lift products; 16/03/2018 MANITEX INTERNATIONAL INC FILES NON-TIMELY 10-K – SEC FILING; 09/05/2018 – Manitex 1Q Loss/Shr 9c; 28/03/2018 – MANITEX INTERNATIONAL INC MNTX.O – BACKLOG INCREASED TO $87.3 MILLION AS OF FEBRUARY 28, 2018, AN INCREASE OF 40% SINCE DECEMBER 31, 2017; 25/05/2018 – MANITEX INTERNATIONAL INC – IN CONNECTION WITH DEAL, TADANO HAS A RIGHT TO DESIGNATE ONE MEMBER TO COMPANY’S BOARD OF DIRECTORS; 09/05/2018 – Manitex 1Q Rev $56.7M; 19/03/2018 – Manitex International, Inc. Announces the Appointment of Versalift East LLC. as a Distributor of Manitex Knuckle Boom and Aeria; 25/05/2018 – Manitex International, Inc. Announces $32.7 Million Equity Investment by Tadano, Ltd

Logan Capital Management Inc decreased Global Pmts Inc Com (GPN) stake by 2.77% reported in 2018Q1 SEC filing. Logan Capital Management Inc sold 6,951 shares as Global Pmts Inc Com (GPN)’s stock declined 2.61%. The Logan Capital Management Inc holds 244,325 shares with $27.25 million value, down from 251,276 last quarter. Global Pmts Inc Com now has $18.69 billion valuation. The stock decreased 0.30% or $0.35 during the last trading session, reaching $117.15. About 1.13 million shares traded or 14.69% up from the average. Global Payments Inc. (NYSE:GPN) has risen 20.94% since June 18, 2017 and is uptrending. It has outperformed by 8.37% the S&P500. Some Historical GPN News: ; 03/05/2018 – GLOBAL PAYMENTS INC SEES 2018 ADJUSTED OPERATING MARGIN TO EXPAND BY AS MUCH AS 120 BASIS POINTS; 20/03/2018 – GLOBAL PAYMENTS – AS PER REFINANCING AMENDMENT, INTEREST RATE OF TERM B-2 LOANS CONSTITUTING EUROCURRENCY LOANS IS A BASE RATE PLUS 1.75% – SEC FILING; 14/05/2018 – Global Payments Presenting at JPMorgan Conference May 16; 29/05/2018 – Global Payments Names Winnie Smith Vice President of Investor Relations; 19/03/2018 – Moody’s Changes Global Payments’ Outlook To Positive; Affirms Ba2 Cfr; 09/03/2018 – Global Payments to Participate in the Barclays Emerging Payments Forum; 20/03/2018 – GLOBAL PAYMENTS – ON MARCH 20, CO, UNITS ENTERED INTO FIRST REFINANCING AMENDMENT TO CO’S SECOND RESTATED CREDIT AGREEMENT, DATED JULY 31, 2015; 29/05/2018 – EU mergers and takeovers (May 29); 03/05/2018 – Global Payments Sees 2018 Adj EPS $5.00-Adj EPS $5.20; 03/05/2018 – GLOBAL PAYMENTS INC SEES 2018 ADJUSTED NET REVENUE PLUS NETWORK FEES TO RANGE FROM $3.90 BLN TO $3.975 BLN

Analysts await Global Payments Inc. (NYSE:GPN) to report earnings on August, 2. They expect $1.16 earnings per share, up 30.34% or $0.27 from last year’s $0.89 per share. GPN’s profit will be $185.08 million for 25.25 P/E if the $1.16 EPS becomes a reality. After $1.07 actual earnings per share reported by Global Payments Inc. for the previous quarter, Wall Street now forecasts 8.41% EPS growth.

Logan Capital Management Inc increased Kraft Heinz Co Com stake by 18,792 shares to 30,917 valued at $1.93 million in 2018Q1. It also upped Procter & Gamble Co (NYSE:PG) stake by 116,599 shares and now owns 231,807 shares. International Bus Mach (NYSE:IBM) was raised too.

Among 38 analysts covering Global Payments Inc. (NYSE:GPN), 31 have Buy rating, 1 Sell and 6 Hold. Therefore 82% are positive. Global Payments Inc. had 129 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Global Payments Inc. (NYSE:GPN) has “Equal-Weight” rating given on Thursday, November 9 by Morgan Stanley. The firm has “Outperform” rating given on Tuesday, April 19 by William Blair. On Thursday, December 24 the stock rating was maintained by Topeka Capital Markets with “Hold”. Robert W. Baird maintained it with “Buy” rating and $10400 target in Monday, July 24 report. On Thursday, February 15 the stock rating was maintained by SunTrust with “Buy”. The firm earned “Buy” rating on Thursday, August 3 by RBC Capital Markets. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Thursday, February 15 report. RBC Capital Markets maintained the stock with “Buy” rating in Monday, November 27 report. The rating was upgraded by Wells Fargo to “Buy” on Friday, August 4. The stock of Global Payments Inc. (NYSE:GPN) has “Buy” rating given on Thursday, February 15 by Robert W. Baird.

Since December 18, 2017, it had 0 insider purchases, and 20 insider sales for $8.69 million activity. 6,000 Global Payments Inc. (NYSE:GPN) shares with value of $634,588 were sold by BALDWIN ROBERT H B JR. On Tuesday, February 20 the insider SILBERSTEIN ALAN M sold $68,604. JACOBS WILLIAM I also sold $69,616 worth of Global Payments Inc. (NYSE:GPN) shares. MARSHALL RUTH ANN sold 6,250 shares worth $714,500. The insider Green David Lawrence sold 2,198 shares worth $255,953.

More important recent Global Payments Inc. (NYSE:GPN) news were published by: 247Wallst.com which released: “Top Analyst Upgrades and Downgrades: BlackRock, Chevron, Disney, Intel, Kinder Morgan, Zillow and More” on June 18, 2018, also Livetradingnews.com published article titled: “Wall Street’s Top Analysts Upgrades, Downgrades & Initiations”, Globenewswire.com published: “New Research: Key Drivers of Growth for Global Payments, Patterson-UTI Energy, Celanese, Westlake Chemical, Las …” on June 12, 2018. More interesting news about Global Payments Inc. (NYSE:GPN) was released by: Fool.com and their article: “The Secret to Global Payments’ Success” with publication date: May 21, 2018.

Investors sentiment decreased to 1 in 2018 Q1. Its down 0.18, from 1.18 in 2017Q4. It dived, as 16 investors sold GPN shares while 170 reduced holdings. 63 funds opened positions while 123 raised stakes. 149.44 million shares or 0.86% less from 150.74 million shares in 2017Q4 were reported. The United Kingdom-based Marshall Wace Limited Liability Partnership has invested 0.07% in Global Payments Inc. (NYSE:GPN). Aperio Grp Lc invested in 36,398 shares. Moreover, Barometer Capital Mngmt Inc has 0.55% invested in Global Payments Inc. (NYSE:GPN) for 58,800 shares. First Bank & Trust reported 60,409 shares stake. Commonwealth Of Pennsylvania Pub School Empls Retrmt Sys holds 0.02% or 14,240 shares. First Manhattan Co owns 2,000 shares. Coastline Trust owns 0.41% invested in Global Payments Inc. (NYSE:GPN) for 23,825 shares. The Ontario – Canada-based Td Asset has invested 0.07% in Global Payments Inc. (NYSE:GPN). Guardian Life Insurance Co Of America invested 0.01% in Global Payments Inc. (NYSE:GPN). Huntington State Bank owns 308 shares for 0% of their portfolio. Howe Rusling accumulated 0% or 120 shares. Paloma Partners Management holds 9,098 shares. Hartford Invest Management Co reported 0.09% stake. Natixis Advisors LP reported 34,387 shares. Exane Derivatives owns 6 shares.

Analysts await Manitex International, Inc. (NASDAQ:MNTX) to report earnings on August, 2. They expect $0.12 EPS, up 100.00% or $0.06 from last year’s $0.06 per share. MNTX’s profit will be $2.35 million for 25.00 P/E if the $0.12 EPS becomes a reality. After $0.05 actual EPS reported by Manitex International, Inc. for the previous quarter, Wall Street now forecasts 140.00% EPS growth.

Among 2 analysts covering Manitex International (NASDAQ:MNTX), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Manitex International had 9 analyst reports since August 10, 2015 according to SRatingsIntel. The firm has “Buy” rating by Roth Capital given on Monday, August 10. The stock of Manitex International, Inc. (NASDAQ:MNTX) earned “Hold” rating by Roth Capital on Tuesday, November 7. The company was maintained on Wednesday, June 7 by Roth Capital. The stock has “Buy” rating by Roth Capital on Thursday, February 8. On Wednesday, February 7 the stock rating was maintained by Seaport Global with “Buy”. On Wednesday, April 18 the stock rating was maintained by Seaport Global with “Buy”. On Friday, August 4 the stock rating was maintained by Roth Capital with “Buy”. Roth Capital maintained the shares of MNTX in report on Friday, March 11 with “Buy” rating.

More recent Manitex International, Inc. (NASDAQ:MNTX) news were published by: Seekingalpha.com which released: “Manitex Adds A Strategic Partner” on May 29, 2018. Also Streetinsider.com published the news titled: “Manitex Int’l (MNTX) Makes $32.7 Million Equity Investment by Tadano” on May 25, 2018. Globenewswire.com‘s news article titled: “Manitex International, Inc. Announces $32.7 Million Equity Investment by Tadano, Ltd.” with publication date: May 25, 2018 was also an interesting one.

Global Payments Inc. (NYSE:GPN) Institutional Positions Chart

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