Global Payments Inc. (NYSE:GPN) Receives $97.82 Consensus PT from Brokerages

Shares of Global Payments Inc. (NYSE:GPN) have been given an average recommendation of “Hold” by the twenty-three ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, five have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $91.75.

GPN has been the subject of several recent analyst reports. Evercore reduced their price objective on shares of Global Payments from $90.00 to $85.00 in a research note on Tuesday, November 11th. TD Cowen reduced their price target on shares of Global Payments from $95.00 to $90.00 and set a “hold” rating for the company in a research report on Monday, January 12th. Truist Financial set a $85.00 price objective on Global Payments in a research report on Tuesday, January 20th. Weiss Ratings reissued a “hold (c-)” rating on shares of Global Payments in a research note on Thursday, January 22nd. Finally, Zacks Research upgraded Global Payments to a “hold” rating in a research note on Tuesday, November 18th.

Insider Buying and Selling

In other news, EVP David M. Sheffield sold 2,016 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $81.41, for a total transaction of $164,122.56. Following the sale, the executive vice president owned 14,438 shares in the company, valued at approximately $1,175,397.58. This trade represents a 12.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert H. B. Baldwin, Jr. bought 10,392 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was bought at an average price of $81.42 per share, with a total value of $846,116.64. Following the completion of the transaction, the director directly owned 59,303 shares of the company’s stock, valued at $4,828,450.26. This represents a 21.25% increase in their position. The SEC filing for this purchase provides additional information. 1.01% of the stock is owned by company insiders.

Institutional Investors Weigh In On Global Payments

A number of large investors have recently added to or reduced their stakes in GPN. Brighton Jones LLC bought a new position in shares of Global Payments during the 4th quarter valued at about $725,000. Caxton Associates LLP bought a new position in Global Payments during the first quarter valued at approximately $243,000. Intech Investment Management LLC raised its stake in shares of Global Payments by 43.5% during the first quarter. Intech Investment Management LLC now owns 14,462 shares of the business services provider’s stock worth $1,416,000 after acquiring an additional 4,386 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new stake in shares of Global Payments in the 2nd quarter worth approximately $231,000. Finally, Clear Creek Financial Management LLC boosted its stake in shares of Global Payments by 54.8% in the 2nd quarter. Clear Creek Financial Management LLC now owns 3,368 shares of the business services provider’s stock valued at $270,000 after purchasing an additional 1,192 shares in the last quarter. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Global Payments Stock Down 0.7%

Shares of NYSE GPN opened at $68.47 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.57. The company has a market cap of $16.21 billion, a P/E ratio of 9.62, a P/E/G ratio of 0.45 and a beta of 0.76. Global Payments has a 52 week low of $65.93 and a 52 week high of $107.27. The business has a 50-day simple moving average of $76.37 and a two-hundred day simple moving average of $80.55.

Global Payments Company Profile

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.