Truist Financial Issues Positive Forecast for Global Payments (NYSE:GPN) Stock Price

Global Payments (NYSE:GPN) had its price target increased by analysts at Truist Financial from $76.00 to $79.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the business services provider’s stock. Truist Financial’s target price would indicate a potential upside of 1.23% from the company’s previous close.

GPN has been the subject of a number of other research reports. Argus lowered their target price on Global Payments from $100.00 to $95.00 in a research note on Friday, May 8th. Wells Fargo & Company decreased their price target on Global Payments from $105.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, July 9th. TD Cowen reiterated a “hold” rating and issued a $74.00 price objective (down from $86.00) on shares of Global Payments in a research report on Thursday, June 11th. Mizuho dropped their price objective on Global Payments from $125.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, March 26th. Finally, BMO Capital Markets began coverage on shares of Global Payments in a report on Tuesday, April 21st. They issued a “market perform” rating and a $76.00 target price on the stock. Four investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $83.46.

Global Payments Price Performance

Shares of NYSE:GPN opened at $78.04 on Friday. The stock has a market cap of $21.35 billion, a PE ratio of -38.25, a PEG ratio of 0.45 and a beta of 0.76. The company’s fifty day moving average is $72.02 and its 200 day moving average is $71.94. Global Payments has a 52 week low of $61.16 and a 52 week high of $90.64. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.86.

Global Payments (NYSE:GPN) last posted its quarterly earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.82 by $0.14. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same period in the prior year, the business posted $2.82 earnings per share. The company’s revenue was up 63.1% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Research analysts anticipate that Global Payments will post 13.82 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Trust Asset Management LLC bought a new position in Global Payments during the 2nd quarter valued at approximately $195,000. Tema ETFs LLC grew its position in shares of Global Payments by 14.4% in the 2nd quarter. Tema ETFs LLC now owns 4,977 shares of the business services provider’s stock worth $361,000 after buying an additional 627 shares during the last quarter. E. Ohman J or Asset Management AB increased its stake in shares of Global Payments by 44.4% during the second quarter. E. Ohman J or Asset Management AB now owns 9,755 shares of the business services provider’s stock valued at $708,000 after buying an additional 3,000 shares during the period. Gradient Investments LLC raised its holdings in shares of Global Payments by 156.9% during the second quarter. Gradient Investments LLC now owns 45,565 shares of the business services provider’s stock valued at $3,306,000 after acquiring an additional 27,828 shares in the last quarter. Finally, FNY Investment Advisers LLC raised its holdings in shares of Global Payments by 25.0% during the second quarter. FNY Investment Advisers LLC now owns 2,500 shares of the business services provider’s stock valued at $181,000 after acquiring an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 89.76% of the company’s stock.

About Global Payments

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.