Global Payments (NYSE:GPN) Price Target Lowered to $95.00 at Wells Fargo & Company

Global Payments (NYSE:GPN) had its price target reduced by investment analysts at Wells Fargo & Company from $105.00 to $95.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the business services provider’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 29.88% from the stock’s current price.

A number of other brokerages also recently issued reports on GPN. Wall Street Zen downgraded shares of Global Payments from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. UBS Group restated a “neutral” rating and issued a $80.00 target price on shares of Global Payments in a research note on Thursday, May 7th. Truist Financial reduced their price target on Global Payments from $81.00 to $76.00 and set a “hold” rating on the stock in a research report on Tuesday, May 19th. Weiss Ratings lowered Global Payments from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, May 11th. Finally, Barclays initiated coverage on Global Payments in a research note on Wednesday. They set an “equal weight” rating and a $81.00 target price on the stock. Five research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $83.33.

Global Payments Trading Down 5.7%

GPN opened at $73.15 on Thursday. The firm has a market cap of $20.01 billion, a price-to-earnings ratio of -35.86, a PEG ratio of 0.44 and a beta of 0.76. 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 has a 12 month low of $61.16 and a 12 month high of $90.64. The stock has a fifty day moving average price of $70.05 and a 200-day moving average price of $72.05.

Global Payments (NYSE:GPN) last issued its quarterly earnings data on Wednesday, May 6th. The business services provider reported $2.96 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $0.14. Global Payments had a positive return on equity of 13.11% and a negative net margin of 7.99%.The company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter last year, the company earned $2.82 earnings per share. The firm’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. As a group, equities research analysts anticipate that Global Payments will post 13.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Global Payments

Several hedge funds have recently made changes to their positions in the company. Westpac Banking Corp lifted its stake in Global Payments by 5,795.1% during the 4th quarter. Westpac Banking Corp now owns 57,182 shares of the business services provider’s stock valued at $4,426,000 after acquiring an additional 56,212 shares during the period. Moore Capital Management LP increased its stake in shares of Global Payments by 13.3% in the third quarter. Moore Capital Management LP now owns 231,200 shares of the business services provider’s stock worth $19,208,000 after acquiring an additional 27,200 shares during the period. Invenomic Capital Management LP raised its holdings in shares of Global Payments by 11.1% during the third 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 position in shares of Global Payments during the third quarter worth $10,656,000. Finally, LSV Asset Management lifted its position in Global Payments by 30.8% during the fourth quarter. LSV Asset Management now owns 448,100 shares of the business services provider’s stock valued at $34,683,000 after purchasing an additional 105,500 shares during the period. 89.76% of the stock is owned by institutional investors and hedge funds.

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.