Global Payments (NYSE:GPN – Get 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%
Global Payments (NYSE:GPN – Get 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
Here are the key news stories impacting Global Payments this week:
- Neutral Sentiment: Cantor Fitzgerald cut its price target on Global Payments to $76 from $88 and kept a neutral rating, signaling reduced conviction even though the new target still implies some upside from recent trading levels. Global Payments (NYSE:GPN) Price Target Lowered to $76.00 at Cantor Fitzgerald
- Neutral Sentiment: UBS maintained a hold rating on GPN, adding to the cautious analyst tone that can limit enthusiasm for the stock in the short term. UBS Remains a Hold on Global Payments (GPN)
- Neutral Sentiment: Stephens also kept a hold rating on Global Payments, reinforcing the view that analysts see limited near-term catalysts. Global Payments (GPN) Gets a Hold from Stephens
- Neutral Sentiment: Argus lowered its price target to $95, another sign that Wall Street expectations are becoming more conservative for Global Payments. Argus Cuts Global Payments (NYSE:GPN) Price Target to $95.00
- Positive Sentiment: Articles highlighting Larry Robbins buying Global Payments suggest some hedge fund managers still see value in the stock despite recent weakness. Global Payments Inc. (GPN): Larry Robbins Is Buying This Stock
- Positive Sentiment: Longer-term optimism remains tied to digital commerce and open banking trends, which could support growth for Global Payments’ Worldpay unit and other payment businesses. Global Payments’ Worldpay Taps European Open Banking Rails For Future Growth
- Positive Sentiment: Broader commentary on digital commerce trends suggests payment stocks may benefit if consumer and merchant spending continues shifting online. Could Digital Commerce Trends Lift S&P 500 Payment Stocks?
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.
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