Global Payments (NYSE:GPN) Stock Picked Up by Analysts at Bank of America

Equities researchers at Bank of America started coverage on shares of Global Payments (NYSE:GPN) in a research report issued to clients and investors on Thursday. The firm set a “buy” rating and a $114.00 price target on the business services provider’s stock. Bank of America‘s price target indicates a potential upside of 37.44% from the company’s previous close.

A number of other research firms also recently issued reports on GPN. Argus set a $110.00 price target on shares of Global Payments and gave the company a “buy” rating in a research note on Thursday, August 6th. Morgan Stanley restated an “overweight” rating and issued a $103.00 price target on shares of Global Payments in a research report on Thursday, August 6th. Keefe, Bruyette & Woods lifted their price objective on shares of Global Payments from $76.00 to $95.00 and gave the stock a “market perform” rating in a research note on Thursday, August 6th. Robert W. Baird set a $120.00 price objective on shares of Global Payments in a research note on Thursday, August 6th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $83.00 target price on shares of Global Payments in a report on Thursday, August 6th. Twelve analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $95.86.

Global Payments Price Performance

Shares of Global Payments stock traded up $2.06 on Thursday, hitting $82.95. 68,688 shares of the company traded hands, compared to its average volume of 3,354,981. Global Payments has a 52 week low of $61.16 and a 52 week high of $95.88. The business has a 50-day simple moving average of $87.53 and a 200 day simple moving average of $77.46. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market capitalization of $21.95 billion, a P/E ratio of -27.78, a price-to-earnings-growth ratio of 0.45 and a beta of 0.80.

Global Payments (NYSE:GPN) last released its quarterly earnings results on Wednesday, August 5th. The business services provider reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.44 by $0.02. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%. The business had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter last year, the business posted $3.10 EPS. The firm’s revenue for the quarter was up 68.6% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. Research analysts expect that Global Payments will post 13.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Global Payments

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GPN. Nvwm LLC purchased a new position in Global Payments during the 3rd quarter worth $41,000. Mather Group LLC. raised its position in Global Payments by 25.2% during the 3rd quarter. Mather Group LLC. now owns 622 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 125 shares in the last quarter. Fortitude Family Office LLC lifted its holdings in shares of Global Payments by 365.7% in the 3rd quarter. Fortitude Family Office LLC now owns 624 shares of the business services provider’s stock worth $51,000 after buying an additional 490 shares during the period. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Global Payments in the 3rd quarter worth $237,000. Finally, Sax Wealth Advisors LLC bought a new position in shares of Global Payments during the 3rd quarter worth $253,000. Institutional investors own 89.76% of the company’s stock.

About Global Payments

Global Payments Inc (NYSE:GPN) is a payments technology and software company that provides payment processing and related services to merchants, financial institutions and other organizations. Its offerings help businesses accept payments through credit cards, debit cards, digital wallets and other channels, both in physical locations and online.

The company provides point-of-sale systems, payment processing, commerce software, fraud prevention, analytics and other business-management tools.