Global Payments (NYSE:GPN) Stock Gets Price Target Cut from Truist Financial

Global Payments (NYSE:GPN) had its price objective reduced by research analysts at Truist Financial from $95.00 to $86.00 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 points to a potential upside of 3.48% from the company’s previous close.

Several other analysts have also commented on the stock. Oppenheimer raised shares of Global Payments from a “market perform” rating to an “outperform” rating and set a $115.00 price target for the company in a research report on Thursday, October 8th. UBS Group initiated coverage on shares of Global Payments in a research note on Thursday, August 6th. They set a “buy” rating for the company. Citigroup reissued a “buy” rating on shares of Global Payments in a research report on Thursday, August 6th. Argus set a $110.00 target price on shares of Global Payments and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, HC Wainwright assumed coverage on shares of Global Payments in a report on Thursday, August 6th. They issued a “buy” rating on the stock. Thirteen investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $95.87.

Global Payments Stock Down 3.2%

Shares of NYSE:GPN traded down $2.77 on Friday, reaching $83.11. The company had a trading volume of 744,999 shares, compared to its average volume of 3,318,030. The firm has a market capitalization of $21.99 billion, a PE ratio of -27.84, a PEG ratio of 0.41 and a beta of 0.80. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.90. Global Payments has a 52-week low of $61.16 and a 52-week high of $95.88. The firm’s 50 day simple moving average is $87.10 and its 200-day simple moving average is $78.26.

Global Payments (NYSE:GPN) last issued its quarterly earnings data 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. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%. The firm had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.16 billion. During the same period in the prior year, the business posted $3.10 EPS. The firm’s quarterly revenue was up 68.6% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. As a group, analysts expect that Global Payments will post 13.64 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Global Payments

Several hedge funds and other institutional investors have recently modified their holdings of GPN. Gtcr LLC acquired a new stake in shares of Global Payments during the first quarter worth $2,911,939,000. Gradient Investments LLC raised its stake in shares of Global Payments by 156.9% during the 2nd quarter. Gradient Investments LLC now owns 45,565 shares of the business services provider’s stock valued at $3,306,000 after buying an additional 27,828 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in Global Payments by 40.0% in the second quarter. Hsbc Holdings PLC now owns 912,590 shares of the business services provider’s stock valued at $65,864,000 after acquiring an additional 260,606 shares during the period. Lone Peak Global Investors LLC boosted its holdings in Global Payments by 6.1% during the second quarter. Lone Peak Global Investors LLC now owns 326,833 shares of the business services provider’s stock worth $23,715,000 after buying an additional 18,711 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Global Payments by 4.1% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,495,339 shares of the business services provider’s stock valued at $108,502,000 after acquiring an additional 58,960 shares during the period. 89.76% of the stock is owned by hedge funds and other institutional investors.

Global Payments Company Profile

Global Payments Inc (NYSE:GPN) is a financial technology and payments company that provides software and payment solutions to businesses, financial institutions and other organizations. Its services help merchants accept payments through credit cards, debit cards, digital wallets and other electronic methods across in-store, online and mobile channels.

The company offers payment processing, point-of-sale technology, commerce management software, payment security and reporting tools. Its solutions are used in industries including retail, restaurants, hospitality, healthcare, education and government.