Deutsche Bank Aktiengesellschaft Cuts Global Payments (NYSE:GPN) Price Target to $70.00

Global Payments (NYSE:GPN) had its target price reduced by analysts at Deutsche Bank Aktiengesellschaft from $75.00 to $70.00 in a research note issued to investors on Tuesday,MarketScreener reports. The brokerage currently has a “hold” rating on the business services provider’s stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 6.03% from the stock’s previous close.

GPN has been the topic of several other research reports. Stephens set a $80.00 price objective on shares of Global Payments and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Citigroup lowered their target price on Global Payments from $110.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Wells Fargo & Company increased their price target on Global Payments from $103.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Truist Financial cut their price target on Global Payments from $81.00 to $76.00 and set a “hold” rating on the stock in a report on Tuesday, May 19th. Finally, Cantor Fitzgerald lowered their price objective on Global Payments from $88.00 to $76.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Five investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $85.27.

Global Payments Stock Performance

Shares of NYSE GPN traded up $1.52 during trading on Tuesday, reaching $66.02. The stock had a trading volume of 90,984 shares, compared to its average volume of 3,637,656. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market cap of $18.06 billion, a PE ratio of -32.23, a P/E/G ratio of 0.37 and a beta of 0.76. Global Payments has a one year low of $62.45 and a one year high of $90.64. The firm’s 50 day moving average price is $69.10 and its two-hundred day moving average price is $73.29.

Global Payments (NYSE:GPN) last released its quarterly earnings data on Wednesday, May 6th. The business services provider reported $2.96 EPS for the quarter, topping analysts’ consensus estimates of $2.82 by $0.14. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.81 billion. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. The firm’s revenue was up 63.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.82 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, research analysts forecast that Global Payments will post 13.89 earnings per share for the current fiscal year.

Institutional Trading of Global Payments

Several large investors have recently added to or reduced their stakes in GPN. Parallel Advisors LLC grew its position in Global Payments by 30.4% in the 1st quarter. Parallel Advisors LLC now owns 3,018 shares of the business services provider’s stock valued at $203,000 after buying an additional 704 shares in the last quarter. Front Street Capital Management Inc. lifted its stake in shares of Global Payments by 2.0% in the 1st quarter. Front Street Capital Management Inc. now owns 62,913 shares of the business services provider’s stock worth $4,234,000 after acquiring an additional 1,263 shares during the period. Western Wealth Management LLC bought a new position in shares of Global Payments in the first quarter valued at approximately $34,000. Edgestream Partners L.P. acquired a new position in shares of Global Payments during the first quarter valued at approximately $895,000. Finally, Arkadios Wealth Advisors increased its stake in shares of Global Payments by 53.2% during the first quarter. Arkadios Wealth Advisors now owns 6,248 shares of the business services provider’s stock valued at $421,000 after acquiring an additional 2,171 shares during the period. 89.76% of the stock is currently owned by institutional investors and hedge funds.

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.