Global Payments (NYSE:GPN) Rating Lowered to Hold at Wall Street Zen

Global Payments (NYSE:GPN) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

GPN has been the subject of several other reports. Stephens set a $80.00 target price on shares of Global Payments and gave the company an “equal weight” rating in a report on Thursday, May 7th. UBS Group restated a “neutral” rating and set a $80.00 target price on shares of Global Payments in a report on Thursday, May 7th. Weiss Ratings downgraded shares of Global Payments from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, May 11th. Truist Financial dropped their target price on shares of Global Payments from $81.00 to $76.00 and set a “hold” rating for the company in a report on Tuesday, May 19th. Finally, Rothschild & Co Redburn lowered their price target on shares of Global Payments from $70.00 to $60.00 and set a “sell” rating for the company in a report on Tuesday, May 12th. Four analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $84.29.

Global Payments Stock Performance

NYSE:GPN opened at $75.51 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.86. The firm has a 50-day moving average price of $69.17 and a two-hundred day moving average price of $73.54. Global Payments has a twelve month low of $62.45 and a twelve month high of $90.64. The company has a market capitalization of $20.65 billion, a P/E ratio of -37.01, a price-to-earnings-growth ratio of 0.42 and a beta of 0.75.

Global Payments (NYSE:GPN) last posted its earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.14. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period last year, the firm posted $2.82 EPS. The firm’s revenue for the quarter was up 63.1% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. As a group, research analysts expect that Global Payments will post 13.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GPN. Gtcr LLC acquired a new position in Global Payments during the first quarter valued at approximately $2,911,939,000. Norges Bank acquired a new position in shares of Global Payments during the fourth quarter worth $276,014,000. Balyasny Asset Management L.P. lifted its position in shares of Global Payments by 112.3% during the third quarter. Balyasny Asset Management L.P. now owns 2,281,476 shares of the business services provider’s stock worth $189,545,000 after purchasing an additional 1,206,807 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Global Payments by 5,710.5% during the fourth quarter. Clearbridge Investments LLC now owns 941,299 shares of the business services provider’s stock worth $72,857,000 after purchasing an additional 925,099 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Global Payments by 93.8% during the fourth 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. 89.76% of the stock is owned by institutional investors and hedge funds.

About Global Payments

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.