Global Payments (NYSE:GPN – Get Free Report) had its price objective increased by investment analysts at Cantor Fitzgerald from $91.00 to $103.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the business services provider’s stock. Cantor Fitzgerald‘s price objective points to a potential upside of 5.73% from the company’s current price.
Several other research analysts have also recently commented on the stock. Piper Sandler set a $101.00 target price on shares of Global Payments and gave the stock a “neutral” rating in a report on Thursday, September 10th. The Goldman Sachs Group increased their price target on Global Payments from $82.00 to $94.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. William Blair restated a “market perform” rating on shares of Global Payments in a research note on Friday, October 30th. Jefferies Financial Group raised Global Payments from a “hold” rating to a “buy” rating in a report on Thursday, August 6th. Finally, Loop Capital started coverage on Global Payments in a research report on Thursday, September 24th. They set a “buy” rating and a $137.00 target price for the company. Thirteen research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Global Payments currently has a consensus rating of “Hold” and an average target price of $97.79.
View Our Latest Analysis on Global Payments
Global Payments Price Performance
NYSE:GPN opened at $97.42 on Monday. Global Payments has a 52 week low of $61.16 and a 52 week high of $101.32. The firm has a market cap of $25.78 billion, a price-to-earnings ratio of -21.36, a P/E/G ratio of 0.47 and a beta of 0.83. The firm’s 50-day simple moving average is $86.72 and its 200 day simple moving average is $77.54. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.82 and a current ratio of 0.82.
Global Payments (NYSE:GPN – Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The business services provider reported $3.58 earnings per share for the quarter, hitting the consensus estimate of $3.58. The business had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.18 billion. Global Payments had a negative net margin of 11.21% and a positive return on equity of 14.43%. The business’s revenue was up 36.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.26 EPS. As a group, sell-side analysts predict that Global Payments will post 13.65 earnings per share for the current year.
Institutional Trading of Global Payments
Several large investors have recently made changes to their positions in the company. Gtcr LLC acquired a new position in Global Payments during the first quarter valued at approximately $2,911,939,000. Gradient Investments LLC boosted its holdings in shares of Global Payments by 156.9% in the 2nd quarter. Gradient Investments LLC now owns 45,565 shares of the business services provider’s stock valued at $3,306,000 after purchasing an additional 27,828 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Global Payments by 40.0% in the 2nd quarter. Hsbc Holdings PLC now owns 912,590 shares of the business services provider’s stock valued at $65,864,000 after purchasing an additional 260,606 shares in the last quarter. Lone Peak Global Investors LLC boosted its holdings in shares of Global Payments by 6.1% in the 2nd quarter. Lone Peak Global Investors LLC now owns 326,833 shares of the business services provider’s stock valued at $23,715,000 after purchasing an additional 18,711 shares in the last quarter. Finally, International Assets Investment Management LLC increased its stake in shares of Global Payments by 1,028.9% in the 3rd quarter. International Assets Investment Management LLC now owns 70,500 shares of the business services provider’s stock valued at $5,758,000 after purchasing an additional 64,255 shares during the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.
About Global Payments
Global Payments Inc is a payment technology and software company that helps businesses accept and manage payments. Its services support in-person, online and mobile transactions, along with point-of-sale systems and software for business operations.
The company also provides technology to financial institutions and other organizations that issue payment cards. Its services include card processing, account management and related digital tools.
Global Payments serves customers across a range of industries and operates internationally, with services available in many countries.
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