Truist Financial Issues Positive Forecast for Global Payments (NYSE:GPN) Stock Price

Global Payments (NYSE:GPN) had its target price upped by analysts at Truist Financial from $79.00 to $95.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the business services provider’s stock. Truist Financial’s price objective indicates a potential upside of 1.19% from the company’s current price.

GPN has been the subject of several other reports. Barclays set a $89.00 target price on shares of Global Payments and gave the company an “equal weight” rating in a research note on Thursday, August 6th. Citigroup restated a “buy” rating on shares of Global Payments in a research note on Thursday, August 6th. Stephens set a $80.00 price objective on Global Payments and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Wolfe Research reiterated an “outperform” rating and set a $125.00 target price on shares of Global Payments in a research note on Tuesday. Finally, BTIG Research reissued a “neutral” rating on shares of Global Payments in a report on Tuesday, June 9th. Ten research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Global Payments currently has an average rating of “Hold” and a consensus target price of $92.16.

Global Payments Stock Performance

NYSE GPN opened at $93.88 on Tuesday. The firm has a market capitalization of $24.84 billion, a P/E ratio of -31.48, a price-to-earnings-growth ratio of 0.54 and a beta of 0.74. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.90. The firm’s fifty day moving average price is $80.31 and its two-hundred day moving average price is $74.06. Global Payments has a 1 year low of $61.16 and a 1 year high of $95.88.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Wednesday, August 5th. The business services provider reported $3.46 EPS for the quarter, beating analysts’ consensus estimates of $3.44 by $0.02. The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.16 billion. Global Payments had a negative net margin of 9.16% and a positive return on equity of 13.80%. The company’s quarterly revenue was up 68.6% on a year-over-year basis. During the same quarter last year, the firm posted $3.10 EPS. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. As a group, research analysts anticipate that Global Payments will post 13.66 EPS for the current year.

Institutional Trading of Global Payments

Several institutional investors have recently added to or reduced their stakes in GPN. California State Teachers Retirement System grew its holdings in Global Payments by 5,860.6% in the 2nd quarter. California State Teachers Retirement System now owns 23,828,269 shares of the business services provider’s stock valued at $1,728,979,000 after buying an additional 23,428,503 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Global Payments during the second quarter worth $1,015,000. Guardian Wealth Management Inc. boosted its position in shares of Global Payments by 3.6% in the second quarter. Guardian Wealth Management Inc. now owns 25,786 shares of the business services provider’s stock valued at $1,871,000 after acquiring an additional 896 shares during the period. HB Wealth Management LLC boosted its position in shares of Global Payments by 7.6% in the second quarter. HB Wealth Management LLC now owns 37,028 shares of the business services provider’s stock valued at $2,687,000 after acquiring an additional 2,631 shares during the period. Finally, Saudi Central Bank grew its stake in shares of Global Payments by 86.4% in the second quarter. Saudi Central Bank now owns 16,377 shares of the business services provider’s stock valued at $1,188,000 after acquiring an additional 7,593 shares in the last quarter. 89.76% of the stock is currently owned by 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.