Global Payments (NYSE:GPN) Price Target Raised to $95.00

Key Points

• TD Cowen raised Global Payments’ price target to $95 from $90 while maintaining a “hold” rating, implying only 1.66% potential upside from the stock’s $93.45 opening price.
• Analyst sentiment remains mixed: nine analysts rate the stock a Buy, 16 a Hold and three a Sell, producing an overall “Hold” rating and average price target of $92.36.
• Global Payments reported quarterly EPS of $3.46, slightly above expectations, on $3.16 billion in revenue—up 68.6% year over year. Institutional investors own approximately 89.76% of the company’s shares.

Global Payments (NYSE:GPN - Get Free Report) had its target price hoisted by equities research analysts at TD Cowen from $90.00 to $95.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "hold" rating on the business services provider's stock. TD Cowen's price target would suggest a potential upside of 1.66% from the stock's current price.

A number of other equities analysts have also weighed in on GPN. Wells Fargo & Company dropped their target price on shares of Global Payments from $105.00 to $95.00 and set an "overweight" rating for the company in a research report on Thursday, July 9th. The Goldman Sachs Group lifted their price target on shares of Global Payments from $82.00 to $94.00 and gave the company a "neutral" rating in a report on Thursday, August 6th. Royal Bank Of Canada boosted their price target on shares of Global Payments from $96.00 to $102.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 19th. BMO Capital Markets reissued a "market perform" rating and set a $83.00 price objective on shares of Global Payments in a report on Thursday, August 6th. Finally, Rothschild & Co Redburn cut their price objective on Global Payments from $70.00 to $60.00 and set a "sell" rating for the company in a research report on Tuesday, May 12th. Nine investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Global Payments presently has an average rating of "Hold" and an average price target of $92.36.

Global Payments Stock Down 0.4%

Shares of GPN opened at $93.45 on Wednesday. The business's 50 day moving average is $80.81 and its 200 day moving average is $74.23. The company has a market capitalization of $24.73 billion, a PE ratio of -31.28, a price-to-earnings-growth ratio of 0.54 and a beta of 0.74. Global Payments has a 12-month low of $61.16 and a 12-month high of $95.88. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.90.

Global Payments (NYSE:GPN - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The business services provider reported $3.46 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $3.16 billion for the quarter, compared to analysts' expectations of $3.16 billion. During the same period in the previous year, the firm earned $3.10 EPS. The firm's revenue 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 13.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Global Payments

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gtcr LLC bought a new position in shares of Global Payments during the 1st quarter valued at approximately $2,911,939,000. California State Teachers Retirement System lifted its position in Global Payments by 5,860.6% in the second quarter. California State Teachers Retirement System now owns 23,828,269 shares of the business services provider's stock worth $1,728,979,000 after buying an additional 23,428,503 shares during the last quarter. Pzena Investment Management LLC purchased a new position in Global Payments during the second quarter worth $848,344,000. Glenview Capital Management LLC increased its position in Global Payments by 13.8% during the second quarter. Glenview Capital Management LLC now owns 4,316,892 shares of the business services provider's stock valued at $345,524,000 after acquiring an additional 523,209 shares during the last quarter. Finally, Norges Bank bought a new position in Global Payments during the fourth quarter valued at $276,014,000. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

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.

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