Morgan Stanley Reiterates Equal Weight Rating for Global Payments (NYSE:GPN)

Global Payments (NYSE:GPN)‘s stock had its “equal weight” rating reiterated by equities researchers at Morgan Stanley in a report issued on Monday,Benzinga reports. They currently have a $65.00 price objective on the business services provider’s stock. Morgan Stanley’s price target would suggest a potential downside of 3.03% from the stock’s previous close.

A number of other research analysts have also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Global Payments from $75.00 to $70.00 and set a “hold” rating for the company in a research note on Tuesday, June 9th. Citigroup decreased their price target on Global Payments from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Weiss Ratings cut Global Payments from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, May 11th. BMO Capital Markets began coverage on Global Payments in a research report on Tuesday, April 21st. They issued a “market perform” rating and a $76.00 price objective for the company. Finally, Rothschild & Co Redburn reduced their price objective on Global Payments from $70.00 to $60.00 and set a “sell” rating on the stock in a research note on Tuesday, May 12th. Five equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $83.87.

Global Payments Trading Up 0.2%

GPN stock opened at $67.03 on Monday. Global Payments has a 1-year low of $61.16 and a 1-year high of $90.64. The firm has a market cap of $18.34 billion, a P/E ratio of -32.86, a P/E/G ratio of 0.38 and a beta of 0.76. The business’s 50 day moving average is $69.30 and its 200-day moving average is $72.79. 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 issued its earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.82 by $0.14. The business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Global Payments had a positive return on equity of 13.11% and a negative net margin of 7.99%.Global Payments’s quarterly revenue was up 63.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.82 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Equities analysts anticipate that Global Payments will post 13.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Strive Financial Group LLC acquired a new position in Global Payments in the fourth quarter valued at approximately $25,000. DV Equities LLC acquired a new position in shares of Global Payments in the 4th quarter valued at $26,000. True Wealth Design LLC boosted its position in shares of Global Payments by 183.6% in the 4th quarter. True Wealth Design LLC now owns 431 shares of the business services provider’s stock worth $33,000 after purchasing an additional 279 shares during the last quarter. Torren Management LLC acquired a new stake in shares of Global Payments during the fourth quarter worth $34,000. Finally, Western Wealth Management LLC bought a new stake in Global Payments in the first quarter valued at about $34,000. 89.76% of the stock is currently 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.