Deutsche Bank Aktiengesellschaft Has Lowered Expectations for Global Payments (NYSE:GPN) Stock Price

Global Payments (NYSE:GPN) had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $75.00 to $70.00 in a research note issued on Tuesday,MarketScreener reports. The firm currently has a “hold” rating on the business services provider’s stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 6.03% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. Citigroup reduced their target price on shares of Global Payments from $110.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Rothschild & Co Redburn dropped their price target on Global Payments from $70.00 to $60.00 and set a “sell” rating on the stock in a report on Tuesday, May 12th. Wall Street Zen cut Global Payments from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Mizuho reduced their target price on Global Payments from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, March 26th. Finally, Wells Fargo & Company increased their price target on Global Payments from $103.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Five equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $85.27.

Global Payments Price Performance

GPN stock traded up $1.52 during trading hours on Tuesday, hitting $66.02. 90,984 shares of the stock traded hands, compared to its average volume of 3,637,656. The stock has a 50-day simple moving average of $69.10 and a 200 day simple moving average of $73.29. The company has a market cap of $18.06 billion, a P/E ratio of -32.23, a P/E/G ratio of 0.37 and a beta of 0.76. Global Payments has a one year low of $62.45 and a one year high of $90.64. 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 quarterly earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $0.14. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the prior year, the company earned $2.82 EPS. Global Payments’s 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. Equities analysts forecast that Global Payments will post 13.89 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GPN. Westpac Banking Corp increased its position in Global Payments by 5,795.1% in the 4th quarter. Westpac Banking Corp now owns 57,182 shares of the business services provider’s stock worth $4,426,000 after purchasing an additional 56,212 shares during the last quarter. Moore Capital Management LP raised its stake in shares of Global Payments by 13.3% during the 3rd quarter. Moore Capital Management LP now owns 231,200 shares of the business services provider’s stock worth $19,208,000 after purchasing an additional 27,200 shares in the last quarter. LSV Asset Management lifted its holdings in shares of Global Payments by 22.7% during the 3rd quarter. LSV Asset Management now owns 342,600 shares of the business services provider’s stock valued at $28,463,000 after buying an additional 63,400 shares during the last quarter. Prescott Group Capital Management L.L.C. lifted its holdings in shares of Global Payments by 50.2% during the 3rd quarter. Prescott Group Capital Management L.L.C. now owns 89,805 shares of the business services provider’s stock valued at $7,461,000 after buying an additional 30,000 shares during the last quarter. Finally, Invenomic Capital Management LP grew its stake in shares of Global Payments by 11.1% in the 3rd quarter. Invenomic Capital Management LP now owns 681,094 shares of the business services provider’s stock valued at $56,585,000 after buying an additional 68,071 shares in the last quarter. 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 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.