Global Payments (NYSE:GPN) Stock Price Expected to Rise, UBS Group Analyst Says

Global Payments (NYSE:GPN) had its target price boosted by equities researchers at UBS Group from $80.00 to $91.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the business services provider’s stock. UBS Group’s price objective points to a potential upside of 5.67% from the company’s previous close.

GPN has been the topic of several other research reports. Stephens set a $80.00 price target on shares of Global Payments and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Argus set a $110.00 price objective on Global Payments and gave the stock a “buy” rating in a research report on Thursday. Barclays set a $89.00 target price on Global Payments and gave the company an “equal weight” rating in a research report on Thursday. Weiss Ratings downgraded Global Payments from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, May 11th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $83.00 target price on shares of Global Payments in a report on Thursday. Ten investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $90.68.

Global Payments Trading Down 1.8%

Shares of NYSE:GPN opened at $86.11 on Thursday. Global Payments has a 12-month low of $61.16 and a 12-month high of $90.85. The business has a 50 day moving average of $75.16 and a 200-day moving average of $72.66. The company has a quick ratio of 0.79, a current ratio of 0.82 and a debt-to-equity ratio of 0.90. The stock has a market cap of $22.79 billion, a PE ratio of -28.90, a P/E/G ratio of 0.50 and a beta of 0.74.

Global Payments (NYSE:GPN) last announced its earnings results on Wednesday, August 5th. The business services provider reported $3.46 earnings per share for the quarter, topping analysts’ consensus estimates of $3.44 by $0.02. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.16 billion. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%.The firm’s quarterly revenue was up 68.6% compared to the same quarter last year. During the same quarter last year, the company earned $3.10 earnings per share. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. As a group, equities research analysts forecast that Global Payments will post 13.7 earnings per share for the current year.

Hedge Funds Weigh In On Global Payments

Several institutional investors have recently made changes to their positions in the stock. Gtcr LLC acquired a new position in Global Payments during the first quarter worth $2,911,939,000. Pzena Investment Management LLC bought a new position in Global Payments in the 2nd quarter valued at $848,344,000. Glenview Capital Management LLC grew its stake in Global Payments by 13.8% in the 2nd quarter. Glenview Capital Management LLC now owns 4,316,892 shares of the business services provider’s stock valued at $345,524,000 after purchasing an additional 523,209 shares during the period. Norges Bank purchased a new stake in shares of Global Payments during the 4th quarter valued at $276,014,000. Finally, Northern Trust Corp grew its position in shares of Global Payments by 1.7% during the 4th quarter. Northern Trust Corp now owns 2,675,925 shares of the business services provider’s stock valued at $207,117,000 after acquiring an additional 45,857 shares during the period. Institutional investors and hedge funds 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.