Global Payments (NYSE:GPN) Shares Up 11.5% - What's Next?

Key Points

• Global Payments shares jumped 11.5% to approximately $95.59, with trading volume below its average daily level.
• Analyst sentiment remains mixed: the stock has a consensus “Hold” rating from MarketBeat, with an average price target of $95.87; targets range from $89 to $137.
• The company slightly exceeded quarterly earnings expectations, reporting $3.46 in EPS and $3.16 billion in revenue, while institutional investors own approximately 89.76% of its shares.

Global Payments Inc. (NYSE:GPN - Get Free Report)'s share price rose 11.5% on Friday. The stock traded as high as $88.03 and last traded at $95.5920. 1,331,465 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 3,286,975 shares. The stock had previously closed at $85.72.

Wall Street Analyst Weigh In

GPN has been the topic of a number of recent research reports. Keefe, Bruyette & Woods raised their price objective on Global Payments from $76.00 to $95.00 and gave the stock a "market perform" rating in a research note on Thursday, August 6th. Barclays set a $89.00 price objective on shares of Global Payments and gave the company an "equal weight" rating in a report on Thursday, August 6th. Robert W. Baird set a $120.00 price target on Global Payments in a research note on Thursday, August 6th. Loop Capital initiated coverage on shares of Global Payments in a research report on Thursday, September 24th. They set a "buy" rating and a $137.00 price target on the stock. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $103.00 price objective on shares of Global Payments in a research report on Thursday, August 6th. Thirteen 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's stock. According to MarketBeat.com, Global Payments has a consensus rating of "Hold" and an average price target of $95.87.

Global Payments Stock Performance

The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market cap of $25.08 billion, a P/E ratio of -31.91, a price-to-earnings-growth ratio of 0.41 and a beta of 0.80. The company's 50 day moving average price is $86.24 and its 200-day moving average price is $76.90.

Global Payments (NYSE:GPN - Get Free Report) last announced its earnings results on Wednesday, August 5th. The business services provider reported $3.46 earnings per share for the quarter, topping analysts' consensus estimates of $3.44 by $0.02. The firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.16 billion. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%. The company's revenue was up 68.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.10 EPS. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. Equities analysts forecast that Global Payments Inc. will post 13.64 EPS for the current fiscal year.

Institutional Investors Weigh In On Global Payments

Several large investors have recently added to or reduced their stakes in the business. Gtcr LLC bought a new position in shares of Global Payments during the first quarter valued at approximately $2,911,939,000. Pzena Investment Management LLC bought a new stake in shares of Global Payments in the 2nd quarter worth approximately $848,344,000. Dimensional Fund Advisors LP boosted its position in shares of Global Payments by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,117,172 shares of the business services provider's stock worth $142,478,000 after purchasing an additional 23,293 shares in the last quarter. Deutsche Bank AG purchased a new stake in shares of Global Payments in the 2nd quarter worth approximately $138,781,000. Finally, Legal & General Group Plc purchased a new stake in shares of Global Payments in the 2nd quarter worth approximately $120,036,000. Institutional investors own 89.76% of the company's stock.

Global Payments Company Profile

Global Payments Inc NYSE: GPN is a financial technology and payments company that provides software and payment solutions to businesses, financial institutions and other organizations. Its services help merchants accept payments through credit cards, debit cards, digital wallets and other electronic methods across in-store, online and mobile channels.

The company offers payment processing, point-of-sale technology, commerce management software, payment security and reporting tools. Its solutions are used in industries including retail, restaurants, hospitality, healthcare, education and government.

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