Global Payments (NYSE:GPN) Rating Lowered to Market Perform at Raymond James Financial

Global Payments (NYSE:GPN) was downgraded by equities researchers at Raymond James Financial from an “outperform” rating to a “market perform” rating in a report released on Thursday.

Several other research firms have also commented on GPN. TD Cowen reiterated a “hold” rating on shares of Global Payments in a research report on Thursday, February 19th. JPMorgan Chase & Co. lowered their price objective on Global Payments from $95.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday, February 12th. BNP Paribas Exane lifted their target price on Global Payments from $73.00 to $76.00 and gave the stock an “underperform” rating in a report on Thursday, February 19th. The Goldman Sachs Group began coverage on Global Payments in a research report on Monday, March 9th. They set a “hold” rating and a $88.00 target price on the stock. Finally, Stephens lowered their price target on Global Payments from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $91.36.

Global Payments Trading Down 0.3%

GPN stock opened at $70.74 on Thursday. The firm has a fifty day moving average price of $73.43 and a 200 day moving average price of $78.43. Global Payments has a fifty-two week low of $65.93 and a fifty-two week high of $100.56. The firm has a market cap of $19.47 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 0.39 and a beta of 0.73. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.69 and a current ratio of 1.69.

Global Payments (NYSE:GPN) last released its quarterly earnings data on Wednesday, February 18th. The business services provider reported $3.18 EPS for the quarter, beating the consensus estimate of $3.16 by $0.02. Global Payments had a net margin of 16.92% and a return on equity of 12.72%. The business had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter last year, the business earned $2.85 earnings per share. Global Payments’s quarterly revenue was up 1.4% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Sell-side analysts anticipate that Global Payments will post 11.89 earnings per share for the current fiscal year.

Institutional Trading of Global Payments

Hedge funds and other institutional investors have recently bought and sold shares of the business. Strive Financial Group LLC bought a new position in shares of Global Payments in the fourth quarter worth about $25,000. North Star Investment Management Corp. lifted its holdings in Global Payments by 242.2% during the 3rd quarter. North Star Investment Management Corp. now owns 308 shares of the business services provider’s stock valued at $26,000 after buying an additional 218 shares in the last quarter. DV Equities LLC purchased a new stake in Global Payments in the 4th quarter valued at about $26,000. Root Financial Partners LLC bought a new position in Global Payments in the 3rd quarter worth about $27,000. Finally, SouthState Bank Corp purchased a new position in shares of Global Payments during the third quarter worth approximately $28,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Global Payments Company Profile

Global Payments Inc (NYSE: GPN) is a worldwide provider of payment technology and software solutions that enables commerce for merchants, issuers and enterprises. The company develops and operates payment processing networks, point-of-sale systems and cloud-based software that facilitate electronic transactions across in-store, online and mobile channels. Its services span merchant acquiring, payment gateway services, omnichannel commerce platforms, and solutions for recurring and subscription billing.

Global Payments offers a range of products and services including integrated payment terminals and point-of-sale software, e-commerce and gateway technologies, fraud prevention and tokenization tools, and business analytics and reporting.