Rothschild & Co Redburn Forecasts Strong Price Appreciation for Global Payments (NYSE:GPN) Stock

Global Payments (NYSE:GPN) had its price objective upped by Rothschild & Co Redburn from $65.00 to $70.00 in a note issued to investors on Wednesday,MarketScreener reports. The brokerage currently has a “sell” rating on the business services provider’s stock. Rothschild & Co Redburn’s price target suggests a potential downside of 12.15% from the stock’s previous close.

Other analysts have also issued reports about the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Global Payments in a report on Wednesday, October 8th. UBS Group lifted their target price on Global Payments from $85.00 to $93.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Royal Bank Of Canada boosted their price target on shares of Global Payments from $93.00 to $95.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 5th. Jefferies Financial Group decreased their price objective on shares of Global Payments from $85.00 to $75.00 and set a “hold” rating for the company in a report on Monday, November 24th. Finally, Evercore ISI lowered their price objective on shares of Global Payments from $90.00 to $85.00 in a research report on Tuesday, November 11th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $102.29.

Global Payments Stock Performance

Shares of GPN stock opened at $79.68 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a 50-day moving average of $80.70 and a 200-day moving average of $81.45. Global Payments has a one year low of $65.93 and a one year high of $118.86. The company has a market cap of $18.86 billion, a P/E ratio of 11.19, a P/E/G ratio of 0.76 and a beta of 0.82.

Global Payments (NYSE:GPN) last issued its quarterly earnings data on Tuesday, November 4th. The business services provider reported $3.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.23 by $0.03. The business had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.41 billion. Global Payments had a net margin of 19.68% and a return on equity of 12.66%. During the same period in the prior year, the firm posted $3.08 EPS. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. Equities research analysts forecast that Global Payments will post 11.89 EPS for the current fiscal year.

Insider Activity at Global Payments

In other Global Payments news, Director Patricia A. Watson bought 1,331 shares of the stock in a transaction on Friday, November 7th. The shares were acquired at an average price of $75.06 per share, with a total value of $99,904.86. Following the acquisition, the director directly owned 2,651 shares of the company’s stock, valued at $198,984.06. The trade was a 100.83% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Connie D. Mcdaniel sold 4,464 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $77.81, for a total value of $347,343.84. Following the sale, the director owned 30,014 shares in the company, valued at approximately $2,335,389.34. This represents a 12.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.01% of the company’s stock.

Institutional Trading of Global Payments

A number of hedge funds and other institutional investors have recently made changes to their positions in GPN. North Star Investment Management Corp. boosted its stake in Global Payments by 242.2% in the 3rd quarter. North Star Investment Management Corp. now owns 308 shares of the business services provider’s stock worth $26,000 after purchasing an additional 218 shares during the period. Root Financial Partners LLC purchased a new stake in shares of Global Payments in the third quarter worth about $27,000. SouthState Bank Corp bought a new position in shares of Global Payments in the third quarter valued at approximately $28,000. REAP Financial Group LLC purchased a new position in Global Payments during the third quarter valued at approximately $28,000. Finally, LRI Investments LLC increased its holdings in Global Payments by 53.4% during the 2nd quarter. LRI Investments LLC now owns 382 shares of the business services provider’s stock worth $31,000 after acquiring an additional 133 shares during the period. 89.76% of the stock is currently owned by institutional investors.

Global Payments Company Profile

Global Payments Inc provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through two segments, Merchant Solutions and Issuer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services.