Rothschild & Co Redburn Lowers Global Payments (NYSE:GPN) Price Target to $60.00

Global Payments (NYSE:GPNGet Free Report) had its target price cut by investment analysts at Rothschild & Co Redburn from $70.00 to $60.00 in a note issued to investors on Tuesday,MarketScreener reports. The brokerage presently has a “sell” rating on the business services provider’s stock. Rothschild & Co Redburn’s price objective would indicate a potential downside of 11.52% from the stock’s current price.

Several other equities analysts have also recently weighed in on the stock. Truist Financial dropped their price target on shares of Global Payments from $85.00 to $81.00 and set a “hold” rating on the stock in a research report on Friday, April 24th. UBS Group reissued a “neutral” rating and issued a $80.00 price objective on shares of Global Payments in a research note on Thursday. Stephens set a $80.00 target price on Global Payments and gave the company an “equal weight” rating in a report on Thursday. JPMorgan Chase & Co. cut their target price on Global Payments from $95.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, February 12th. Finally, Cantor Fitzgerald decreased their price target on Global Payments from $88.00 to $76.00 and set a “neutral” rating for the company in a report on Monday. Four analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $84.52.

Read Our Latest Stock Analysis on Global Payments

Global Payments Stock Down 1.4%

NYSE GPN traded down $0.96 on Tuesday, hitting $67.81. 160,049 shares of the company were exchanged, compared to its average volume of 3,580,570. The company has a current ratio of 0.79, a quick ratio of 1.69 and a debt-to-equity ratio of 0.86. The company has a market cap of $18.66 billion, a PE ratio of -33.24, a PEG ratio of 0.39 and a beta of 0.75. The stock has a fifty day moving average of $69.99 and a 200-day moving average of $74.50. Global Payments has a 12 month low of $62.45 and a 12 month high of $90.64.

Global Payments (NYSE:GPNGet Free Report) last released its quarterly earnings data on Wednesday, May 6th. The business services provider reported $2.96 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the previous year, the company posted $2.82 earnings per share. The company’s quarterly revenue was up 63.1% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. As a group, analysts forecast that Global Payments will post 13.85 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GPN. Norges Bank bought a new position in shares of Global Payments in the fourth quarter worth $276,014,000. Balyasny Asset Management L.P. boosted its stake in Global Payments by 112.3% during the third quarter. Balyasny Asset Management L.P. now owns 2,281,476 shares of the business services provider’s stock valued at $189,545,000 after buying an additional 1,206,807 shares during the period. Clearbridge Investments LLC boosted its stake in Global Payments by 5,710.5% during the fourth quarter. Clearbridge Investments LLC now owns 941,299 shares of the business services provider’s stock valued at $72,857,000 after buying an additional 925,099 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Global Payments by 93.8% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,412,128 shares of the business services provider’s stock worth $109,299,000 after purchasing an additional 683,524 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Global Payments by 117.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,207,277 shares of the business services provider’s stock worth $93,443,000 after buying an additional 651,671 shares in the last quarter. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Global Payments

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Global Payments Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Global Payments (NYSE:GPN)

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