Global Payments (NYSE:GPN) Stock Rating Upgraded by Barclays

Global Payments (NYSE:GPN) was upgraded by stock analysts at Barclays to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. Rothschild & Co Redburn decreased their target price on shares of Global Payments from $70.00 to $60.00 and set a “sell” rating for the company in a research note on Tuesday, May 12th. Argus dropped their price target on shares of Global Payments from $100.00 to $95.00 in a research report on Friday, May 8th. Keefe, Bruyette & Woods cut their price objective on shares of Global Payments from $90.00 to $76.00 and set a “market perform” rating for the company in a report on Tuesday, April 7th. UBS Group reiterated a “neutral” rating and issued a $80.00 price objective on shares of Global Payments in a research report on Thursday, May 7th. Finally, Zacks Research lowered shares of Global Payments from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $83.33.

Global Payments Stock Up 1.8%

Shares of GPN stock opened at $74.35 on Tuesday. Global Payments has a twelve month low of $61.16 and a twelve month high of $90.64. The stock has a market cap of $20.34 billion, a P/E ratio of -36.45, a P/E/G ratio of 0.41 and a beta of 0.76. The stock has a 50 day moving average of $70.17 and a 200 day moving average of $72.01. 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 released its quarterly earnings data on Wednesday, May 6th. The business services provider reported $2.96 EPS for the quarter, topping the consensus estimate of $2.82 by $0.14. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.81 billion. Global Payments had a positive return on equity of 13.11% and a negative net margin of 7.99%.The business’s quarterly revenue was up 63.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.82 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. As a group, sell-side analysts expect that Global Payments will post 13.85 EPS for the current year.

Institutional Investors Weigh In On Global Payments

Several large investors have recently bought and sold shares of the company. Westpac Banking Corp raised its stake in Global Payments by 5,795.1% in the 4th quarter. Westpac Banking Corp now owns 57,182 shares of the business services provider’s stock valued at $4,426,000 after purchasing an additional 56,212 shares during the last quarter. Moore Capital Management LP boosted its stake in Global Payments by 13.3% during the 3rd quarter. Moore Capital Management LP now owns 231,200 shares of the business services provider’s stock worth $19,208,000 after purchasing an additional 27,200 shares during the last quarter. Invenomic Capital Management LP boosted its stake in Global Payments by 11.1% during the 3rd quarter. Invenomic Capital Management LP now owns 681,094 shares of the business services provider’s stock worth $56,585,000 after purchasing an additional 68,071 shares during the last quarter. Jain Global LLC purchased a new stake in shares of Global Payments during the third quarter worth $10,656,000. Finally, LSV Asset Management grew its holdings in shares of Global Payments by 30.8% during the fourth quarter. LSV Asset Management now owns 448,100 shares of the business services provider’s stock worth $34,683,000 after buying an additional 105,500 shares in the last quarter. 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.