Global Payments (NYSE:GPN) Given New $93.00 Price Target at UBS Group

Key Points

• UBS Group has raised its price target for Global Payments from $85.00 to $93.00, suggesting a potential upside of 12.76% from the current stock price.
• Global Payments recently reported earnings of $3.10 per share for the latest quarter, exceeding analyst expectations and showing a 1.6% increase in revenue compared to the previous year.
• The company has a consensus rating of "Hold" from analysts, with an average price target of $111.58, while institutional investors own approximately 89.76% of its shares.

Global Payments (NYSE:GPN - Get Free Report) had its price target raised by analysts at UBS Group from $85.00 to $93.00 in a report issued on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the business services provider's stock. UBS Group's price target would indicate a potential upside of 12.76% from the stock's current price.

Other equities analysts also recently issued research reports about the company. Citigroup reissued a "buy" rating on shares of Global Payments in a research report on Monday, April 21st. Truist Financial increased their price objective on shares of Global Payments from $79.00 to $83.00 and gave the company a "hold" rating in a research note on Thursday, July 17th. Mizuho upgraded shares of Global Payments from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $86.00 to $114.00 in a report on Friday, July 25th. Robert W. Baird lowered their price target on Global Payments from $145.00 to $100.00 and set an "outperform" rating for the company in a report on Monday, April 21st. Finally, Royal Bank Of Canada increased their price objective on Global Payments from $86.00 to $93.00 and gave the company a "sector perform" rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Global Payments has an average rating of "Hold" and a consensus price target of $111.58.

Global Payments Stock Down 3.6%

NYSE:GPN traded down $3.06 during mid-day trading on Thursday, hitting $82.48. 1,463,594 shares of the company's stock were exchanged, compared to its average volume of 2,806,575. The business has a fifty day moving average price of $79.56 and a 200 day moving average price of $88.15. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $20.11 billion, a PE ratio of 13.30, a P/E/G ratio of 0.75 and a beta of 0.93. Global Payments has a one year low of $65.93 and a one year high of $120.00.

Global Payments (NYSE:GPN - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The business services provider reported $3.10 EPS for the quarter, topping the consensus estimate of $3.06 by $0.04. The company had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.36 billion. Global Payments had a return on equity of 12.33% and a net margin of 15.48%. Global Payments's revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.93 earnings per share. Equities analysts predict that Global Payments will post 11.89 EPS for the current year.

Hedge Funds Weigh In On Global Payments

A number of institutional investors have recently modified their holdings of GPN. Banco Bilbao Vizcaya Argentaria S.A. raised its position in shares of Global Payments by 0.4% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 33,902 shares of the business services provider's stock worth $3,795,000 after buying an additional 122 shares in the last quarter. LRI Investments LLC lifted its stake in Global Payments by 53.4% during the second 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 in the last quarter. Perigon Wealth Management LLC increased its position in shares of Global Payments by 3.8% in the first quarter. Perigon Wealth Management LLC now owns 3,932 shares of the business services provider's stock worth $385,000 after acquiring an additional 144 shares in the last quarter. Transcend Capital Advisors LLC raised its stake in Global Payments by 7.9% during the 1st quarter. Transcend Capital Advisors LLC now owns 2,135 shares of the business services provider's stock valued at $209,000 after purchasing an additional 157 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of Global Payments by 5.5% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 3,027 shares of the business services provider's stock worth $242,000 after buying an additional 158 shares during the period. Institutional investors and hedge funds own 89.76% of the company's stock.

Global Payments Company Profile

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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