Global Payments (NYSE:GPN) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Global Payments (NYSE:GPNGet Free Report) had its price objective hoisted by research analysts at Royal Bank Of Canada from $96.00 to $102.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “sector perform” rating on the business services provider’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 11.03% from the company’s current price.

GPN has been the subject of a number of other research reports. Citigroup restated a “buy” rating on shares of Global Payments in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reduced their price target on Global Payments from $75.00 to $70.00 and set a “hold” rating for the company in a research report on Tuesday, June 9th. Zacks Research cut Global Payments from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Rothschild & Co Redburn dropped their price objective on Global Payments from $70.00 to $60.00 and set a “sell” rating on the stock in a research report on Tuesday, May 12th. Finally, Wells Fargo & Company cut their target price on Global Payments from $105.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, July 9th. Ten investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $90.92.

Check Out Our Latest Report on Global Payments

Global Payments Trading Up 1.7%

NYSE GPN opened at $91.86 on Wednesday. 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 company has a market capitalization of $24.31 billion, a price-to-earnings ratio of -30.73, a price-to-earnings-growth ratio of 0.54 and a beta of 0.74. The company’s 50-day simple moving average is $78.14 and its two-hundred day simple moving average is $73.43. Global Payments has a one year low of $61.16 and a one year high of $95.58.

Global Payments (NYSE:GPNGet Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The business services provider reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.44 by $0.02. The firm had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Global Payments had a negative net margin of 9.16% and a positive return on equity of 13.80%. The company’s revenue was up 68.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.10 EPS. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. Equities analysts forecast that Global Payments will post 13.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Gtcr LLC acquired a new stake in Global Payments in the first quarter worth about $2,911,939,000. Pzena Investment Management LLC acquired a new position in shares of Global Payments during the second quarter valued at about $848,344,000. Glenview Capital Management LLC raised its position in shares of Global Payments by 13.8% in the 2nd quarter. Glenview Capital Management LLC now owns 4,316,892 shares of the business services provider’s stock valued at $345,524,000 after purchasing an additional 523,209 shares during the last quarter. Norges Bank purchased a new position in shares of Global Payments in the 4th quarter valued at approximately $276,014,000. Finally, Northern Trust Corp raised its position in shares of Global Payments by 1.7% in the 4th quarter. Northern Trust Corp now owns 2,675,925 shares of the business services provider’s stock valued at $207,117,000 after purchasing an additional 45,857 shares during the last quarter. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

About Global Payments

(Get Free Report)

Global Payments Inc (NYSE: GPN) is a worldwide provider of payment technology and software solutions that enables commerce for merchants, issuers and enterprises. The company develops and operates payment processing networks, point-of-sale systems and cloud-based software that facilitate electronic transactions across in-store, online and mobile channels. Its services span merchant acquiring, payment gateway services, omnichannel commerce platforms, and solutions for recurring and subscription billing.

Global Payments offers a range of products and services including integrated payment terminals and point-of-sale software, e-commerce and gateway technologies, fraud prevention and tokenization tools, and business analytics and reporting.

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Analyst Recommendations for Global Payments (NYSE:GPN)

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