Global Payments (NYSE:GPN) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

Global Payments Inc. (NYSE:GPN)’s share price passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $86.34 and traded as high as $101.32. Global Payments shares last traded at $97.02, with a volume of 16,726,122 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Robert W. Baird set a $120.00 price target on shares of Global Payments in a research note on Thursday, August 6th. Bank of America initiated coverage on shares of Global Payments in a report on Thursday, October 15th. They set a “buy” rating and a $114.00 price target for the company. Citigroup restated a “buy” rating on shares of Global Payments in a research report on Thursday, August 6th. Wells Fargo & Company cut their price target on Global Payments from $105.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday, July 9th. Finally, Barclays set a $89.00 price objective on Global Payments and gave the stock an “equal weight” rating in a research note on Thursday, August 6th. Thirteen research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $95.87.

Global Payments Stock Up 13.2%

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 stock’s 50-day moving average is $86.34 and its 200-day moving average is $76.99. The company has a market cap of $25.67 billion, a price-to-earnings ratio of -32.56, a P/E/G ratio of 0.47 and a beta of 0.80.

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, topping the consensus estimate of $3.44 by $0.02. Global Payments had a negative net margin of 9.16% and a positive return on equity of 13.80%. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same quarter in the previous year, the firm posted $3.10 earnings per share. The company’s revenue for the quarter was up 68.6% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. On average, analysts anticipate that Global Payments Inc. will post 13.64 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GPN. Gtcr LLC purchased a new stake in Global Payments in the first quarter valued at $2,911,939,000. Pzena Investment Management LLC acquired a new position in Global Payments during the 2nd quarter valued at approximately $848,344,000. Deutsche Bank AG bought a new position in shares of Global Payments during the 2nd quarter valued at about $138,781,000. Legal & General Group Plc acquired a new stake in Global Payments during the 2nd quarter worth about $120,036,000. Finally, Davis Asset Management L.P. acquired a new stake in shares of Global Payments in the second quarter worth about $107,752,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Global Payments Company Profile

Global Payments Inc (NYSE:GPN) is a financial technology and payments company that provides software and payment solutions to businesses, financial institutions and other organizations. Its services help merchants accept payments through credit cards, debit cards, digital wallets and other electronic methods across in-store, online and mobile channels.

The company offers payment processing, point-of-sale technology, commerce management software, payment security and reporting tools. Its solutions are used in industries including retail, restaurants, hospitality, healthcare, education and government.