TD Cowen Forecasts Strong Price Appreciation for Global Payments (NYSE:GPN) Stock

Global Payments (NYSE:GPN) had its price objective hoisted by stock analysts at TD Cowen from $90.00 to $95.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the business services provider’s stock. TD Cowen’s price objective indicates a potential upside of 1.66% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Jefferies Financial Group upgraded Global Payments from a “hold” rating to a “buy” rating in a report on Thursday, August 6th. UBS Group began coverage on Global Payments in a research report on Thursday, August 6th. They set a “buy” rating for the company. BTIG Research reissued a “neutral” rating on shares of Global Payments in a research note on Tuesday, June 9th. The Goldman Sachs Group raised their price target on shares of Global Payments from $82.00 to $94.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Finally, Argus set a $110.00 price objective on shares of Global Payments and gave the company a “buy” rating in a research report on Thursday, August 6th. Nine equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $92.36.

Global Payments Stock Performance

Global Payments stock opened at $93.45 on Wednesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $24.73 billion, a P/E ratio of -31.28, a price-to-earnings-growth ratio of 0.54 and a beta of 0.74. Global Payments has a 1-year low of $61.16 and a 1-year high of $95.88. The company’s 50-day moving average is $80.81 and its 200 day moving average is $74.23.

Global Payments (NYSE:GPN) last announced its earnings results on Wednesday, August 5th. The business services provider reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.44 by $0.02. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.16 billion. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%.The company’s revenue for the quarter was up 68.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.10 earnings per share. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. Research analysts forecast that Global Payments will post 13.66 EPS for the current year.

Institutional Trading of Global Payments

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Gtcr LLC purchased a new position in shares of Global Payments in the 1st quarter valued at $2,911,939,000. California State Teachers Retirement System lifted its stake in shares of Global Payments by 5,860.6% during the 2nd quarter. California State Teachers Retirement System now owns 23,828,269 shares of the business services provider’s stock worth $1,728,979,000 after purchasing an additional 23,428,503 shares during the last quarter. Pzena Investment Management LLC purchased a new stake in shares of Global Payments during the 2nd quarter worth $848,344,000. Glenview Capital Management LLC lifted its stake in shares of Global Payments by 13.8% during the 2nd quarter. Glenview Capital Management LLC now owns 4,316,892 shares of the business services provider’s stock worth $345,524,000 after purchasing an additional 523,209 shares during the last quarter. Finally, Norges Bank bought a new stake in Global Payments during the fourth quarter valued at about $276,014,000. Institutional investors own 89.76% of the company’s stock.

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.