Global Payments (NYSE:GPN) Stock Price Expected to Rise, Truist Financial Analyst Says

Global Payments (NYSE:GPN) had its price target upped by Truist Financial from $76.00 to $79.00 in a research note issued to investors on Friday, MarketBeat.com reports. The brokerage presently has a “hold” rating on the business services provider’s stock. Truist Financial’s price objective suggests a potential downside of 2.43% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Barclays assumed coverage on shares of Global Payments in a report on Wednesday, July 8th. They issued an “equal weight” rating and a $81.00 target price on the stock. Morgan Stanley began coverage on Global Payments in a research note on Monday, June 22nd. They issued an “equal weight” rating and a $65.00 price objective on the stock. UBS Group reissued a “neutral” rating and set a $80.00 target price on shares of Global Payments in a report on Thursday, May 7th. Royal Bank Of Canada cut their price target on Global Payments from $97.00 to $82.00 and set a “sector perform” rating for the company in a report on Wednesday, April 8th. Finally, Cantor Fitzgerald reduced their price objective on shares of Global Payments from $88.00 to $76.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Four equities research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Global Payments has an average rating of “Hold” and an average price target of $83.46.

Global Payments Price Performance

Shares of GPN opened at $80.97 on Friday. The company has a market cap of $22.15 billion, a price-to-earnings ratio of -39.69, a PEG ratio of 0.46 and a beta of 0.76. Global Payments has a 1-year low of $61.16 and a 1-year high of $90.64. The company’s fifty day simple moving average is $72.29 and its 200 day simple moving average is $72.00. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.86.

Global Payments (NYSE:GPN) last posted its quarterly earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $0.14. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.81 billion. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. The company’s quarterly revenue was up 63.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.82 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, research analysts forecast that Global Payments will post 13.82 earnings per share for the current fiscal year.

Institutional Trading of Global Payments

Hedge funds have recently added to or reduced their stakes in the company. Strive Financial Group LLC acquired a new position in Global Payments in the 4th quarter valued at $25,000. DV Equities LLC bought a new position in Global Payments during the 4th quarter worth $26,000. Johnson Financial Group Inc. acquired a new stake in shares of Global Payments during the third quarter worth $35,000. Torren Management LLC acquired a new stake in shares of Global Payments during the fourth quarter worth $34,000. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Global Payments by 87.5% during the fourth quarter. Hantz Financial Services Inc. now owns 478 shares of the business services provider’s stock worth $37,000 after buying an additional 223 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.