Global Payments (NYSE:GPN) Rating Increased to Hold at Piper Sandler

Key Points

• Piper Sandler upgraded Global Payments to “Hold.” The broader analyst consensus remains “Hold,” with nine Buy, 17 Hold and three Sell ratings and an average price target of $92.85.
• Global Payments shares opened at $88.46, near the middle of their 52-week range of $61.16 to $95.88. The company reported quarterly EPS of $3.46, slightly exceeding estimates, while revenue reached $3.16 billion, up 68.6% year over year.
• Institutional investors and hedge funds own approximately 89.76% of Global Payments’ stock, with several funds recently initiating or increasing positions.

Global Payments (NYSE:GPN - Get Free Report) was upgraded by stock analysts at Piper Sandler to a "hold" rating in a research note issued to investors on Thursday, Zacks reports.

A number of other analysts have also recently weighed in on GPN. Royal Bank Of Canada reiterated a "sector perform" rating and set a $106.00 price target (up from $102.00) on shares of Global Payments in a research note on Monday, August 31st. Jefferies Financial Group raised shares of Global Payments from a "hold" rating to a "buy" rating in a report on Thursday, August 6th. HC Wainwright began coverage on shares of Global Payments in a research note on Thursday, August 6th. They set a "buy" rating for the company. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Global Payments from $75.00 to $70.00 and set a "hold" rating for the company in a research note on Tuesday, June 9th. Finally, UBS Group initiated coverage on Global Payments in a research report on Thursday, August 6th. They issued a "buy" rating on the stock. Nine research 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. According to data from MarketBeat, Global Payments currently has a consensus rating of "Hold" and a consensus target price of $92.85.

Global Payments Stock Down 0.1%

Shares of NYSE GPN opened at $88.46 on Thursday. The stock has a market cap of $23.41 billion, a PE ratio of -29.68, a price-to-earnings-growth ratio of 0.48 and a beta of 0.78. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.90. Global Payments has a 52-week low of $61.16 and a 52-week high of $95.88. The business has a 50-day moving average price of $86.24 and a 200 day moving average price of $75.81.

Global Payments (NYSE:GPN - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The business services provider reported $3.46 EPS for the quarter, topping the consensus estimate 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 revenue was up 68.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.10 earnings per share. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. Equities research analysts forecast that Global Payments will post 13.64 earnings per share for the current year.

Institutional Trading of Global Payments

Several hedge funds have recently made changes to their positions in GPN. Strive Financial Group LLC acquired a new position in Global Payments during the 4th quarter worth approximately $25,000. DV Equities LLC purchased a new position in Global Payments in the fourth quarter worth $26,000. Western Wealth Management LLC acquired a new stake in Global Payments in the first quarter valued at $34,000. Johnson Financial Group Inc. acquired a new stake in Global Payments in the third quarter valued at $35,000. Finally, Hantz Financial Services Inc. boosted its position in shares of Global Payments by 87.5% during the 4th quarter. Hantz Financial Services Inc. now owns 478 shares of the business services provider's stock worth $37,000 after purchasing an additional 223 shares in the last quarter. Institutional investors and hedge funds own 89.76% of the company's stock.

Global Payments Company Profile

Global Payments Inc NYSE: GPN is a payments technology and software company that provides solutions for businesses, financial institutions and other organizations. Its services support payment acceptance across in-store, online and mobile channels, including credit and debit card processing, point-of-sale systems, payment gateways, integrated software and related business management tools.

The company serves merchants across industries such as retail, restaurants, hospitality, education, health care and professional services.

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