Global Payments (NYSE:GPN) Price Target Cut to $81.00 by Analysts at Truist Financial

Global Payments (NYSE:GPN) had its target price decreased by stock analysts at Truist Financial from $85.00 to $81.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the business services provider’s stock. Truist Financial’s price target would suggest a potential upside of 20.56% from the stock’s current price.

A number of other research analysts also recently weighed in on GPN. Stephens lowered their price target on Global Payments from $95.00 to $90.00 and set an “equal weight” rating on the stock in a report on Friday, January 16th. Deutsche Bank Aktiengesellschaft assumed coverage on Global Payments in a report on Wednesday, January 14th. They set a “hold” rating and a $80.00 price target on the stock. Zacks Research raised Global Payments from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 2nd. Cantor Fitzgerald lifted their price objective on Global Payments from $80.00 to $88.00 in a research report on Friday, March 27th. Finally, JPMorgan Chase & Co. reduced their price objective on Global Payments from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $86.20.

Global Payments Stock Down 1.0%

Shares of GPN stock traded down $0.68 on Friday, reaching $67.19. 284,840 shares of the company’s stock traded hands, compared to its average volume of 3,551,474. Global Payments has a 12-month low of $62.45 and a 12-month high of $90.64. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.69 and a current ratio of 1.69. The company has a market capitalization of $18.49 billion, a P/E ratio of 11.60, a price-to-earnings-growth ratio of 0.42 and a beta of 0.76. The business’s 50 day moving average price is $71.39 and its two-hundred day moving average price is $75.83.

Global Payments (NYSE:GPN) last issued its quarterly earnings results on Wednesday, February 18th. The business services provider reported $3.18 earnings per share for the quarter, beating analysts’ consensus estimates of $3.16 by $0.02. Global Payments had a return on equity of 12.72% and a net margin of 16.92%.The business had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the previous year, the company posted $2.85 earnings per share. Global Payments’s revenue for the quarter 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. On average, equities analysts forecast that Global Payments will post 13.75 earnings per share for the current year.

Institutional Trading of Global Payments

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Global Payments by 0.6% during the third quarter. Vanguard Group Inc. now owns 23,542,460 shares of the business services provider’s stock valued at $1,955,908,000 after purchasing an additional 149,441 shares during the last quarter. Pzena Investment Management LLC lifted its position in shares of Global Payments by 4.6% in the fourth quarter. Pzena Investment Management LLC now owns 11,409,697 shares of the business services provider’s stock worth $883,111,000 after buying an additional 500,887 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Global Payments by 7.3% in the third quarter. Ameriprise Financial Inc. now owns 7,349,876 shares of the business services provider’s stock worth $610,633,000 after buying an additional 499,695 shares during the last quarter. Glenview Capital Management LLC lifted its position in shares of Global Payments by 13.8% in the second quarter. Glenview Capital Management LLC now owns 4,316,892 shares of the business services provider’s stock worth $345,524,000 after buying an additional 523,209 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Global Payments in the fourth quarter worth about $276,014,000. Institutional investors and hedge funds 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.