Global Payments (NYSE:GPN) Stock Bumped Up to "Outperform" by Oppenheimer

Key Points

• Oppenheimer upgraded Global Payments from “market perform” to “outperform” and set a $115 price target, implying 41.65% upside from the prior close.
• Analyst sentiment remains mixed: Global Payments has a consensus “hold” rating and an average target price of $95.21, based on 11 buy, 17 hold and 3 sell ratings.
• The company slightly beat quarterly earnings expectations with $3.46 in EPS versus $3.44 expected, while revenue rose 68.6% year over year to $3.16 billion; institutional investors own 89.76% of shares.

Global Payments (NYSE:GPN - Get Free Report) was upgraded by equities research analysts at Oppenheimer from a "market perform" rating to an "outperform" rating in a note issued to investors on Thursday, Marketbeat.com reports. The brokerage currently has a $115.00 price objective on the business services provider's stock. Oppenheimer's price objective points to a potential upside of 41.65% from the stock's previous close.

Other research analysts have also recently issued reports about the stock. Weiss Ratings reiterated a "sell (d)" rating on shares of Global Payments in a report on Friday, August 7th. Keefe, Bruyette & Woods raised their price target on Global Payments from $76.00 to $95.00 and gave the stock a "market perform" rating in a report on Thursday, August 6th. UBS Group began coverage on Global Payments in a research report on Thursday, August 6th. They issued a "buy" rating on the stock. TD Cowen increased their price target on shares of Global Payments from $90.00 to $95.00 and gave the stock a "hold" rating in a report on Wednesday, August 26th. Finally, Truist Financial lifted their price objective on Global Payments from $79.00 to $95.00 and gave the company a "hold" rating in a research note on Tuesday, August 25th. Eleven equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Global Payments currently has a consensus rating of "Hold" and a consensus target price of $95.21.

Global Payments Stock Performance

Shares of NYSE GPN opened at $81.19 on Thursday. The firm's fifty day moving average is $88.00 and its two-hundred day moving average is $77.05. Global Payments has a 52-week low of $61.16 and a 52-week high of $95.88. The company has a market cap of $21.48 billion, a P/E ratio of -27.24, a P/E/G ratio of 0.45 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 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 during 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% on a year-over-year basis. During the same quarter last year, the business posted $3.10 earnings per share. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. As a group, analysts anticipate that Global Payments will post 13.64 EPS for the current fiscal year.

Institutional Trading of Global Payments

Several large investors have recently bought and sold shares of the business. Gtcr LLC acquired a new stake in shares of Global Payments in the first quarter valued at approximately $2,911,939,000. Pzena Investment Management LLC acquired a new position in shares of Global Payments in the 2nd quarter worth approximately $848,344,000. Dimensional Fund Advisors LP grew its stake in shares of Global Payments by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,117,172 shares of the business services provider's stock valued at $142,478,000 after buying an additional 23,293 shares in the last quarter. Deutsche Bank AG acquired a new position in Global Payments in the 2nd quarter valued at about $138,781,000. Finally, Legal & General Group Plc acquired a new position in shares of Global Payments in the second quarter valued at approximately $120,036,000. Hedge funds and other 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.

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