Global Payments (NYSE:GPN) Raised to Hold at Barclays

Global Payments (NYSE:GPN) was upgraded by research analysts at Barclays to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Several other equities analysts have also recently commented on the company. Argus reduced their target price on Global Payments from $100.00 to $95.00 in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Global Payments from $75.00 to $70.00 and set a “hold” rating on the stock in a report on Tuesday, June 9th. UBS Group reiterated a “neutral” rating and set a $80.00 price objective on shares of Global Payments in a research note on Thursday, May 7th. Keefe, Bruyette & Woods decreased their price objective on shares of Global Payments from $90.00 to $76.00 and set a “market perform” rating for the company in a report on Tuesday, April 7th. Finally, The Goldman Sachs Group initiated coverage on shares of Global Payments in a research report on Monday, March 9th. They issued a “hold” rating and a $88.00 target price for the company. Five analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $83.33.

Global Payments Stock Up 1.8%

Shares of NYSE GPN opened at $74.35 on Tuesday. The company has a market cap of $20.34 billion, a P/E ratio of -36.45, a P/E/G ratio of 0.41 and a beta of 0.76. 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 has a 12-month low of $61.16 and a 12-month high of $90.64. The stock has a fifty day moving average price of $70.17 and a 200 day moving average price of $72.01.

Global Payments (NYSE:GPN) last released its quarterly earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the previous year, the firm posted $2.82 EPS. The firm’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. Research analysts anticipate that Global Payments will post 13.85 EPS for the current fiscal year.

Institutional Trading of Global Payments

Several institutional investors have recently added to or reduced their stakes in the business. Strive Financial Group LLC acquired a new stake in shares of Global Payments during the fourth quarter worth $25,000. DV Equities LLC acquired a new position in shares of Global Payments in the 4th quarter valued at about $26,000. True Wealth Design LLC boosted its holdings in shares of Global Payments by 183.6% in the 4th quarter. True Wealth Design LLC now owns 431 shares of the business services provider’s stock valued at $33,000 after buying an additional 279 shares during the period. Torren Management LLC acquired a new position in shares of Global Payments in the 4th quarter valued at about $34,000. Finally, Western Wealth Management LLC bought a new stake in shares of Global Payments during the 1st quarter valued at about $34,000. Institutional investors own 89.76% of the company’s stock.

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.