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

Global Payments (NYSE:GPN) had its price target hoisted by equities researchers at Rothschild & Co Redburn from $65.00 to $70.00 in a report issued on Wednesday,MarketScreener reports. The brokerage presently has a “sell” rating on the business services provider’s stock. Rothschild & Co Redburn’s price target points to a potential downside of 12.81% from the stock’s current price.

Several other equities research analysts also recently weighed in on GPN. Royal Bank Of Canada upped their price objective 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. JPMorgan Chase & Co. upped their price target on shares of Global Payments from $85.00 to $95.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Evercore ISI decreased their price objective on shares of Global Payments from $90.00 to $85.00 in a report on Tuesday, November 11th. Cowen reissued a “hold” rating on shares of Global Payments in a report on Wednesday, November 5th. Finally, TD Cowen upped their target price on Global Payments from $92.00 to $95.00 and gave the stock a “hold” rating in a research report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $102.29.

Global Payments Stock Up 2.0%

Global Payments stock opened at $80.28 on Wednesday. The company has a 50-day simple moving average of $80.95 and a 200-day simple moving average of $81.47. The firm has a market capitalization of $19.01 billion, a P/E ratio of 11.29, a P/E/G ratio of 0.72 and a beta of 0.82. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.85 and a current ratio of 0.85. Global Payments has a one year low of $65.93 and a one year high of $118.86.

Global Payments (NYSE:GPN) last released its quarterly earnings results on Tuesday, November 4th. The business services provider reported $3.26 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.03. Global Payments had a return on equity of 12.66% and a net margin of 19.68%.The company had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter in the previous year, the company posted $3.08 earnings per share. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. As a group, equities analysts expect that Global Payments will post 11.89 earnings per share for the current year.

Insider Buying and Selling at Global Payments

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

Institutional Trading of Global Payments

Hedge funds have recently modified their holdings of the business. Pettee Investors Inc. boosted its position in Global Payments by 24.1% during the second quarter. Pettee Investors Inc. now owns 15,672 shares of the business services provider’s stock valued at $1,254,000 after purchasing an additional 3,040 shares during the last quarter. National Pension Service raised its stake in shares of Global Payments by 4.8% during the 1st quarter. National Pension Service now owns 397,851 shares of the business services provider’s stock worth $38,958,000 after purchasing an additional 18,334 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in shares of Global Payments by 7.9% during the 2nd quarter. Sound Income Strategies LLC now owns 60,905 shares of the business services provider’s stock valued at $4,875,000 after buying an additional 4,478 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. grew its stake in shares of Global Payments by 6.3% in the 1st quarter. Leith Wheeler Investment Counsel Ltd. now owns 366,389 shares of the business services provider’s stock valued at $35,877,000 after buying an additional 21,686 shares in the last quarter. Finally, Pzena Investment Management LLC increased its holdings in Global Payments by 32.6% in the second quarter. Pzena Investment Management LLC now owns 11,050,253 shares of the business services provider’s stock worth $884,462,000 after buying an additional 2,716,156 shares during the last quarter. Hedge funds and other institutional investors own 89.76% of the company’s stock.

About Global Payments

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.