Mizuho Lowers Global Payments (NYSE:GPN) Price Target to $110.00

Global Payments (NYSE:GPN) had its price objective cut by Mizuho from $125.00 to $110.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. Mizuho’s price target would indicate a potential upside of 66.76% from the stock’s previous close.

GPN has been the topic of a number of other reports. UBS Group restated a “neutral” rating and set a $87.00 target price (up from $80.00) on shares of Global Payments in a research report on Thursday, February 19th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $97.00 price target (up from $95.00) on shares of Global Payments in a report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft began coverage on Global Payments in a report on Wednesday, January 14th. They issued a “hold” rating and a $80.00 price objective on the stock. JPMorgan Chase & Co. cut their price objective on Global Payments from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, February 12th. Finally, Rothschild & Co Redburn upped their target price on Global Payments from $65.00 to $70.00 and gave the stock a “sell” rating in a research note on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Global Payments presently has a consensus rating of “Hold” and an average target price of $91.18.

Global Payments Price Performance

NYSE:GPN opened at $65.96 on Thursday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.69 and a quick ratio of 1.69. The company has a 50 day moving average price of $73.18 and a 200-day moving average price of $78.22. Global Payments has a 1-year low of $65.61 and a 1-year high of $99.99. The firm has a market cap of $18.16 billion, a price-to-earnings ratio of 11.39, a price-to-earnings-growth ratio of 0.39 and a beta of 0.73.

Global Payments (NYSE:GPN) last announced its quarterly earnings results on Wednesday, February 18th. The business services provider reported $3.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.16 by $0.02. The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.32 billion. Global Payments had a net margin of 16.92% and a return on equity of 12.72%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.85 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Equities research analysts forecast that Global Payments will post 11.89 EPS for the current year.

Institutional Investors Weigh In On Global Payments

Institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Global Payments during the fourth quarter worth about $276,014,000. Balyasny Asset Management L.P. raised its stake in shares of Global Payments by 112.3% in the third quarter. Balyasny Asset Management L.P. now owns 2,281,476 shares of the business services provider’s stock valued at $189,545,000 after acquiring an additional 1,206,807 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in Global Payments by 5,710.5% in the fourth quarter. Clearbridge Investments LLC now owns 941,299 shares of the business services provider’s stock valued at $72,857,000 after purchasing an additional 925,099 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Global Payments by 93.8% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,412,128 shares of the business services provider’s stock worth $109,299,000 after purchasing an additional 683,524 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Global Payments by 117.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,207,277 shares of the business services provider’s stock worth $93,443,000 after purchasing an additional 651,671 shares in the last quarter. 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 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.