Global Payments Inc. (NYSE:GPN) Given Consensus Rating of “Hold” by Brokerages

Global Payments Inc. (NYSE:GPN) has been assigned a consensus recommendation of “Hold” from the twenty-five analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $97.8182.

GPN has been the subject of several research analyst reports. Truist Financial set a $85.00 target price on shares of Global Payments in a report on Tuesday, January 20th. KeyCorp downgraded shares of Global Payments from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, October 22nd. Royal Bank Of Canada lifted their target price on Global Payments from $93.00 to $95.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 5th. Citigroup raised Global Payments to a “strong-buy” rating in a research report on Thursday, October 23rd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Global Payments in a research note on Thursday, January 22nd.

Global Payments Stock Performance

Shares of GPN opened at $72.95 on Monday. The company has a market capitalization of $17.27 billion, a price-to-earnings ratio of 10.25, a price-to-earnings-growth ratio of 0.48 and a beta of 0.76. Global Payments has a 52-week low of $65.93 and a 52-week high of $111.79. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.57. The stock has a 50 day moving average price of $77.14 and a 200 day moving average price of $81.00.

Insider Buying and Selling at Global Payments

In other news, EVP David M. Sheffield sold 2,016 shares of Global Payments stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $81.41, for a total value of $164,122.56. Following the transaction, the executive vice president directly owned 14,438 shares of the company’s stock, valued at $1,175,397.58. The trade was a 12.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert H. B. Baldwin, Jr. purchased 10,392 shares of Global Payments stock in a transaction that occurred on Thursday, December 11th. The stock was acquired at an average price of $81.42 per share, with a total value of $846,116.64. Following the transaction, the director owned 59,303 shares in the company, valued at $4,828,450.26. The trade was a 21.25% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have sold 18,080 shares of company stock valued at $1,439,350. 1.01% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Global Payments

Several hedge funds have recently made changes to their positions in the business. North Star Investment Management Corp. raised its stake in Global Payments by 242.2% during the 3rd quarter. North Star Investment Management Corp. now owns 308 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 218 shares during the last quarter. Root Financial Partners LLC acquired a new position in shares of Global Payments in the third quarter valued at approximately $27,000. SouthState Bank Corp purchased a new stake in shares of Global Payments during the third quarter worth approximately $28,000. REAP Financial Group LLC acquired a new stake in shares of Global Payments during the third quarter worth $28,000. Finally, LRI Investments LLC grew its position in Global Payments by 53.4% in 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. Institutional investors and hedge funds own 89.76% of the company’s stock.

About Global Payments

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.