Global Payments (NYSE:GPN) Price Target Raised to $76.00

Global Payments (NYSE:GPNGet Free Report) had its price target upped by investment analysts at BNP Paribas Exane from $73.00 to $76.00 in a note issued to investors on Thursday,MarketScreener reports. The firm currently has an “underperform” rating on the business services provider’s stock. BNP Paribas Exane’s price target suggests a potential downside of 6.99% from the stock’s current price.

Several other brokerages also recently weighed in on GPN. Royal Bank Of Canada reissued a “sector perform” rating and set a $97.00 price target (up previously from $95.00) on shares of Global Payments in a research report on Thursday. Truist Financial set a $85.00 target price on shares of Global Payments in a research report on Tuesday, January 20th. Raymond James Financial reissued an “outperform” rating and set a $105.00 price target on shares of Global Payments in a report on Tuesday, November 4th. UBS Group reiterated a “neutral” rating and set a $87.00 price objective (up previously from $80.00) on shares of Global Payments in a research report on Thursday. Finally, TD Cowen reissued a “hold” rating on shares of Global Payments in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $91.14.

Check Out Our Latest Stock Report on Global Payments

Global Payments Trading Up 1.8%

Shares of GPN traded up $1.46 during mid-day trading on Thursday, reaching $81.71. The company’s stock had a trading volume of 189,976 shares, compared to its average volume of 3,662,975. The stock has a market cap of $19.34 billion, a PE ratio of 14.02, a P/E/G ratio of 0.53 and a beta of 0.76. The company’s fifty day moving average price is $76.01 and its two-hundred day moving average price is $80.41. Global Payments has a 52 week low of $65.93 and a 52 week high of $106.26. The company has a current ratio of 1.69, a quick ratio of 0.85 and a debt-to-equity ratio of 0.83.

Global Payments (NYSE:GPNGet Free Report) last announced its quarterly earnings data on Wednesday, February 18th. The business services provider reported $3.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.16 by $0.02. Global Payments had a return on equity of 12.72% and a net margin of 16.92%.The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same period last year, the firm earned $2.85 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, analysts predict that Global Payments will post 11.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP David M. Sheffield sold 2,016 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $81.41, for a total value of $164,122.56. Following the completion of the sale, the executive vice president directly owned 14,438 shares of the company’s stock, valued at $1,175,397.58. This trade represents a 12.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David Lawrence Green sold 11,600 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $79.99, for a total value of $927,884.00. Following the completion of the sale, the insider owned 68,096 shares of the company’s stock, valued at approximately $5,446,999.04. This represents a 14.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.01% of the company’s stock.

Hedge Funds Weigh In On Global Payments

Hedge funds have recently added to or reduced their stakes in the company. Strive Financial Group LLC bought a new position in shares of Global Payments during the fourth quarter valued at approximately $25,000. North Star Investment Management Corp. raised its stake in shares of Global Payments by 242.2% during the third quarter. North Star Investment Management Corp. now owns 308 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 218 shares in the last quarter. DV Equities LLC purchased a new stake in shares of Global Payments in the fourth quarter valued at approximately $26,000. Root Financial Partners LLC purchased a new position in Global Payments during the 3rd quarter worth $27,000. Finally, SouthState Bank Corp bought a new stake in Global Payments during the 3rd quarter valued at $28,000. 89.76% of the stock is currently owned by institutional investors.

Key Global Payments News

Here are the key news stories impacting Global Payments this week:

Global Payments Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Global Payments (NYSE:GPN)

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