Raymond James Financial Downgrades Global Payments (NYSE:GPN) to Market Perform

Global Payments (NYSE:GPN) was downgraded by equities research analysts at Raymond James Financial from an “outperform” rating to a “market perform” rating in a research note issued to investors on Thursday, Marketbeat Ratings reports.

A number of other analysts have also commented on the company. JPMorgan Chase & Co. cut their price target on Global Payments from $95.00 to $90.00 and set a “neutral” rating on the stock in a report on Thursday, February 12th. Cantor Fitzgerald reiterated a “neutral” rating and set a $88.00 price objective (up from $80.00) on shares of Global Payments in a research note on Monday, February 23rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Global Payments in a research report on Thursday, January 22nd. Truist Financial set a $85.00 target price on Global Payments in a report on Tuesday, January 20th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Global Payments in a research note on Wednesday, January 14th. They issued a “hold” rating and a $80.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Global Payments presently has an average rating of “Hold” and an average price target of $91.18.

Global Payments Price Performance

Global Payments stock opened at $65.96 on Thursday. The business’s 50-day simple moving average is $73.18 and its 200 day simple moving average is $78.22. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.83. The stock has a market cap of $18.16 billion, a price-to-earnings ratio of 11.39, a P/E/G ratio of 0.39 and a beta of 0.73. Global Payments has a 12-month low of $65.61 and a 12-month high of $99.99.

Global Payments (NYSE:GPN) last released its earnings results on Wednesday, February 18th. The business services provider reported $3.18 earnings per share for the quarter, beating the consensus estimate of $3.16 by $0.02. The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.32 billion. Global Payments had a return on equity of 12.72% and a net margin of 16.92%.The company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter 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. As a group, research analysts anticipate that Global Payments will post 11.89 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. North Star Investment Management Corp. increased its holdings in Global Payments by 242.2% during the 3rd quarter. North Star Investment Management Corp. now owns 308 shares of the business services provider’s stock worth $26,000 after acquiring an additional 218 shares during the period. Root Financial Partners LLC bought a new stake in shares of Global Payments in the 3rd quarter worth approximately $27,000. Strive Financial Group LLC purchased a new stake in shares of Global Payments in the 4th quarter worth about $25,000. REAP Financial Group LLC bought a new stake in Global Payments during the 3rd quarter valued at approximately $28,000. Finally, DV Equities LLC purchased a new position in Global Payments during the fourth quarter valued at $26,000. 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.