Global Payments (NYSE:GPN) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Global Payments (NYSE:GPN) had its target price boosted by Keefe, Bruyette & Woods from $76.00 to $95.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “market perform” rating on the business services provider’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 10.32% from the stock’s previous close.

Several other research firms have also recently issued reports on GPN. Argus decreased their price target on shares of Global Payments from $100.00 to $95.00 in a research note on Friday, May 8th. Citigroup reissued a “buy” rating on shares of Global Payments in a research note on Thursday. Wolfe Research upgraded shares of Global Payments from a “peer perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a research report on Thursday. Zacks Research cut shares of Global Payments from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Finally, Wells Fargo & Company cut their price target on Global Payments from $105.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday, July 9th. Ten research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Global Payments presently has an average rating of “Hold” and an average price target of $90.68.

Global Payments Price Performance

GPN stock opened at $86.11 on Thursday. The stock’s 50 day moving average price is $75.16 and its 200 day moving average price is $72.66. The firm has a market cap of $22.79 billion, a P/E ratio of -28.90, a PEG ratio of 0.50 and a beta of 0.74. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.79 and a current ratio of 0.82. Global Payments has a 1 year low of $61.16 and a 1 year high of $90.85.

Global Payments (NYSE:GPN) last released its quarterly earnings results on Wednesday, August 5th. The business services provider reported $3.46 earnings per share for the quarter, topping analysts’ consensus estimates of $3.44 by $0.02. The company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%.The business’s revenue for the quarter was up 68.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.10 earnings per share. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. On average, sell-side analysts expect that Global Payments will post 13.7 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Global Payments

Hedge funds have recently modified their holdings of the stock. Gtcr LLC acquired a new position in Global Payments during the 1st quarter worth approximately $2,911,939,000. Pzena Investment Management LLC acquired a new stake in Global Payments in the second quarter valued at approximately $848,344,000. Norges Bank purchased a new stake in shares of Global Payments during the fourth quarter valued at approximately $276,014,000. Deutsche Bank AG purchased a new stake in shares of Global Payments during the second quarter valued at approximately $138,781,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Global Payments during the second quarter worth $99,702,000. 89.76% of the stock is owned by institutional investors and hedge funds.

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.