Global Payments (NYSE:GPN) Price Target Cut to $81.00 by Analysts at Truist Financial

Global Payments (NYSE:GPN) had its price objective reduced by investment analysts at Truist Financial from $85.00 to $81.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the business services provider’s stock. Truist Financial’s price target points to a potential upside of 20.56% from the company’s current price.

GPN has been the topic of several other reports. Zacks Research upgraded Global Payments from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 2nd. Royal Bank Of Canada lowered their price target on Global Payments from $97.00 to $82.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 8th. Wells Fargo & Company lifted their price target on Global Payments from $103.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Global Payments in a research report on Thursday, January 22nd. Finally, UBS Group reiterated a “neutral” rating and set a $87.00 price target (up from $80.00) on shares of Global Payments in a research report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $86.20.

Global Payments Stock Performance

GPN stock traded down $0.68 during trading on Friday, reaching $67.19. 284,840 shares of the company’s stock were exchanged, compared to its average volume of 3,551,474. Global Payments has a 1-year low of $62.45 and a 1-year high of $90.64. The firm has a market cap of $18.49 billion, a PE ratio of 11.60, a P/E/G ratio of 0.42 and a beta of 0.76. The company’s fifty day moving average price is $71.39 and its 200-day moving average price is $75.83. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.83.

Global Payments (NYSE:GPN) last issued its quarterly earnings results on Wednesday, February 18th. The business services provider reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.16 by $0.02. Global Payments had a return on equity of 12.72% and a net margin of 16.92%.The company 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 EPS. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, research analysts expect that Global Payments will post 13.75 EPS for the current fiscal year.

Hedge Funds Weigh In On Global Payments

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strive Financial Group LLC purchased a new position in Global Payments during the 4th quarter worth approximately $25,000. North Star Investment Management Corp. grew its holdings 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 buying an additional 218 shares in the last quarter. DV Equities LLC purchased a new position in shares of Global Payments during the fourth quarter valued at $26,000. Root Financial Partners LLC purchased a new position in shares of Global Payments during the third quarter valued at $27,000. Finally, SouthState Bank Corp purchased a new position in shares of Global Payments during the third quarter valued at $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.