Truist Financial Has Lowered Expectations for Global Payments (NYSE:GPN) Stock Price

Global Payments (NYSE:GPN) had its target price lowered by stock analysts at Truist Financial from $81.00 to $76.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “hold” rating on the business services provider’s stock. Truist Financial’s price objective would suggest a potential upside of 10.87% from the stock’s current price.

A number of other research analysts also recently issued reports on GPN. Rothschild & Co Redburn cut their price objective on shares of Global Payments from $70.00 to $60.00 and set a “sell” rating on the stock in a report on Tuesday, May 12th. Zacks Research cut shares of Global Payments from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Cantor Fitzgerald cut their price objective on shares of Global Payments from $88.00 to $76.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Weiss Ratings cut shares of Global Payments from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, May 11th. Finally, Mizuho cut their price objective on shares of Global Payments from $125.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, March 26th. Four analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Global Payments currently has an average rating of “Hold” and an average target price of $84.29.

Global Payments Stock Down 0.2%

Shares of NYSE GPN traded down $0.12 during midday trading on Tuesday, hitting $68.55. The company’s stock had a trading volume of 857,014 shares, compared to its average volume of 3,545,251. The business’s fifty day simple moving average is $69.02 and its two-hundred day simple moving average is $73.84. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.79 and a quick ratio of 0.79. Global Payments has a 1 year low of $62.45 and a 1 year high of $90.64. The firm has a market capitalization of $18.75 billion, a price-to-earnings ratio of -33.55, a price-to-earnings-growth ratio of 0.38 and a beta of 0.75.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Wednesday, May 6th. The business services provider reported $2.96 EPS 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 business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same quarter last year, the firm posted $2.82 earnings per share. The business’s revenue for the quarter was up 63.1% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, equities analysts predict that Global Payments will post 13.89 EPS for the current year.

Institutional Investors Weigh In On Global Payments

Institutional investors have recently made changes to their positions in the stock. Root Financial Partners LLC purchased a new stake in shares of Global Payments during the 3rd quarter worth $27,000. Strive Financial Group LLC purchased a new stake in shares of Global Payments during the 4th quarter worth $25,000. REAP Financial Group LLC purchased a new stake in shares of Global Payments in the 3rd quarter worth about $28,000. DV Equities LLC purchased a new stake in shares of Global Payments in the 4th quarter worth about $26,000. Finally, SouthState Bank Corp purchased a new stake in shares of Global Payments in the 3rd quarter worth about $28,000. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

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.