Global Payments (NYSE:GPN) Now Covered by Analysts at Barclays

Investment analysts at Barclays initiated coverage on shares of Global Payments (NYSE:GPN) in a research report issued on Wednesday,Benzinga reports. The brokerage set an “equal weight” rating on the business services provider’s stock.

GPN has been the topic of a number of other research reports. Weiss Ratings lowered Global Payments from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, May 11th. Deutsche Bank Aktiengesellschaft reduced their target price on Global Payments from $75.00 to $70.00 and set a “hold” rating for the company in a report on Tuesday, June 9th. Royal Bank Of Canada dropped their price target on shares of Global Payments from $97.00 to $82.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 8th. Morgan Stanley began coverage on shares of Global Payments in a research note on Monday, June 22nd. They issued an “equal weight” rating and a $65.00 price objective for the company. Finally, Truist Financial decreased their price objective on shares of Global Payments from $81.00 to $76.00 and set a “hold” rating for the company in a report on Tuesday, May 19th. Five investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Global Payments has an average rating of “Hold” and an average target price of $83.87.

Global Payments Stock Up 0.2%

GPN stock opened at $77.55 on Wednesday. The firm has a market cap of $21.21 billion, a PE ratio of -38.01, a PEG ratio of 0.44 and a beta of 0.76. Global Payments has a 1 year low of $61.16 and a 1 year high of $90.64. The company has a fifty day simple moving average of $69.95 and a 200 day simple moving average of $72.11. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.86.

Global Payments (NYSE:GPN) last posted its earnings results on Wednesday, May 6th. The business services provider reported $2.96 EPS for the quarter, topping 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 firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the prior year, the business posted $2.82 earnings per share. The business’s quarterly 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. Sell-side analysts anticipate that Global Payments will post 13.86 EPS for the current fiscal year.

Institutional Investors Weigh In On Global Payments

Several hedge funds and other institutional investors have recently modified their holdings of GPN. Strive Financial Group LLC bought a new stake in Global Payments in the 4th quarter valued at $25,000. DV Equities LLC bought a new stake in shares of Global Payments in the fourth quarter valued at about $26,000. True Wealth Design LLC grew its position in Global Payments by 183.6% during the fourth quarter. True Wealth Design LLC now owns 431 shares of the business services provider’s stock worth $33,000 after buying an additional 279 shares in the last quarter. Torren Management LLC bought a new position in Global Payments during the fourth quarter valued at about $34,000. Finally, Western Wealth Management LLC bought a new position in Global Payments during the first quarter valued at about $34,000. Institutional investors and hedge funds 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.