Global Payments (NYSE:GPN) Earns "Hold (C-)" Rating from Weiss Ratings

Key Points

• Global Payments has received a "hold (C-)" rating from Weiss Ratings, signaling a cautious outlook for investors.
• Analysts have varying views on the stock, with price objectives ranging from $79.00 to $114.00, and a consensus price target of $103.75.
• The company reported $3.10 earnings per share for the last quarter, exceeding analyst expectations, with revenue of $2.36 billion.

Global Payments (NYSE:GPN - Get Free Report)'s stock had its "hold (c-)" rating reissued by equities research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

A number of other equities analysts have also commented on GPN. UBS Group raised their price objective on shares of Global Payments from $85.00 to $93.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Truist Financial raised their price objective on shares of Global Payments from $79.00 to $83.00 and gave the company a "hold" rating in a research report on Thursday, July 17th. TD Cowen lowered shares of Global Payments from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Mizuho upgraded shares of Global Payments from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $86.00 to $114.00 in a research report on Friday, July 25th. Finally, KeyCorp restated an "overweight" rating and issued a $100.00 price objective (up from $90.00) on shares of Global Payments in a research report on Thursday, August 7th. Eight equities research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat.com, Global Payments presently has an average rating of "Hold" and a consensus price target of $103.75.

Global Payments Price Performance

Shares of NYSE:GPN opened at $88.55 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $21.48 billion, a PE ratio of 15.48, a P/E/G ratio of 0.84 and a beta of 0.98. Global Payments has a twelve month low of $65.93 and a twelve month high of $120.00. The company has a 50-day moving average price of $85.66 and a two-hundred day moving average price of $82.58.

Global Payments (NYSE:GPN - Get Free Report) last issued its earnings results on Wednesday, August 6th. The business services provider reported $3.10 earnings per share for the quarter, topping analysts' consensus estimates of $3.06 by $0.04. The firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.36 billion. Global Payments had a net margin of 15.07% and a return on equity of 12.47%. The company's quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the business earned $2.93 earnings per share. Equities analysts forecast that Global Payments will post 11.89 EPS for the current year.

Insider Activity at Global Payments

In other Global Payments news, General Counsel Dara L. Steele-Belkin sold 2,000 shares of Global Payments stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $86.00, for a total transaction of $172,000.00. Following the transaction, the general counsel directly owned 30,713 shares of the company's stock, valued at approximately $2,641,318. This trade represents a 6.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.01% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. NBC Securities Inc. bought a new stake in Global Payments during the 1st quarter valued at $30,000. LRI Investments LLC raised its holdings in Global Payments by 53.4% during the 2nd quarter. LRI Investments LLC now owns 382 shares of the business services provider's stock valued at $31,000 after buying an additional 133 shares during the last quarter. Larson Financial Group LLC raised its holdings in Global Payments by 546.6% during the 1st quarter. Larson Financial Group LLC now owns 375 shares of the business services provider's stock valued at $37,000 after buying an additional 317 shares during the last quarter. Zions Bancorporation National Association UT bought a new stake in Global Payments during the 1st quarter valued at $37,000. Finally, Quarry LP bought a new stake in Global Payments during the 1st quarter valued at $42,000. 89.76% of the stock is owned by hedge funds and other institutional investors.

About Global Payments

Global Payments Inc provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through two segments, Merchant Solutions and Issuer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services.

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