Global Payments (NYSE:GPN) Price Target Cut to $86.00 by Analysts at Truist Financial

Key Points

• Truist Financial cut Global Payments’ price target from $95 to $86 and maintained a “hold” rating, implying roughly 3.5% upside from the stock’s reported $83.11 price.
• Analyst sentiment remains mixed but centered on “Hold”: 13 analysts rate the stock a Buy, 16 a Hold, and three a Sell, with a consensus price target of $95.87.
• Global Payments’ latest quarterly results slightly exceeded expectations, with EPS of $3.46 versus a $3.44 consensus and revenue of $3.16 billion, up 68.6% year over year.

Global Payments (NYSE:GPN - Get Free Report) had its price target lowered by equities research analysts at Truist Financial from $95.00 to $86.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a "hold" rating on the business services provider's stock. Truist Financial's price target points to a potential upside of 3.48% from the stock's current price.

A number of other analysts have also weighed in on GPN. BMO Capital Markets reissued a "market perform" rating and issued a $83.00 price objective on shares of Global Payments in a research report on Thursday, August 6th. Robert W. Baird set a $120.00 target price on Global Payments in a research note on Thursday, August 6th. Oppenheimer upgraded Global Payments from a "market perform" rating to an "outperform" rating and set a $115.00 price target on the stock in a report on Thursday, October 8th. Loop Capital started coverage on Global Payments in a research note on Thursday, September 24th. They set a "buy" rating and a $137.00 price target for the company. Finally, Barclays set a $89.00 price objective on Global Payments and gave the company an "equal weight" rating in a report on Thursday, August 6th. Thirteen equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $95.87.

Global Payments Trading Down 3.2%

GPN stock traded down $2.77 during midday trading on Friday, reaching $83.11. 744,999 shares of the company traded hands, compared to its average volume of 3,318,030. The business has a 50 day moving average of $87.10 and a 200-day moving average of $78.26. Global Payments has a 52-week low of $61.16 and a 52-week high of $95.88. The firm has a market capitalization of $21.99 billion, a price-to-earnings ratio of -27.84, a P/E/G ratio of 0.41 and a beta of 0.80. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.82 and a current ratio of 0.82.

Global Payments (NYSE:GPN - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The business services provider reported $3.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.44 by $0.02. The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.16 billion. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%. Global Payments's revenue was up 68.6% on a year-over-year basis. During the same period 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, sell-side 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 bought and sold shares of GPN. Mather Group LLC. grew its position in shares of Global Payments by 25.2% during the 3rd quarter. Mather Group LLC. now owns 622 shares of the business services provider's stock worth $51,000 after buying an additional 125 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Global Payments by 9.8% in the second quarter. IFP Advisors Inc now owns 1,433 shares of the business services provider's stock valued at $104,000 after acquiring an additional 128 shares in the last quarter. Southern Financial Group LLC lifted its stake in Global Payments by 5.1% in the first quarter. Southern Financial Group LLC now owns 3,651 shares of the business services provider's stock worth $246,000 after acquiring an additional 178 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in Global Payments by 0.7% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 27,310 shares of the business services provider's stock worth $1,838,000 after acquiring an additional 200 shares in the last quarter. Finally, State of Michigan Retirement System grew its holdings in Global Payments by 0.3% during the 1st quarter. State of Michigan Retirement System now owns 69,878 shares of the business services provider's stock worth $4,703,000 after acquiring an additional 200 shares in the last quarter. 89.76% of the stock is owned by institutional investors.

About Global Payments

Global Payments Inc NYSE: GPN is a financial technology and payments company that provides software and payment solutions to businesses, financial institutions and other organizations. Its services help merchants accept payments through credit cards, debit cards, digital wallets and other electronic methods across in-store, online and mobile channels.

The company offers payment processing, point-of-sale technology, commerce management software, payment security and reporting tools. Its solutions are used in industries including retail, restaurants, hospitality, healthcare, education and government.

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