Citigroup Issues Pessimistic Forecast for Global Payments (NYSE:GPN) Stock Price

Global Payments (NYSE:GPN) had its target price dropped by Citigroup from $110.00 to $90.00 in a note issued to investors on Thursday, MarketBeat.com reports. The firm currently has a “buy” rating on the business services provider’s stock. Citigroup’s price objective indicates a potential upside of 40.56% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. BNP Paribas Exane lifted their target price on Global Payments from $73.00 to $76.00 and gave the company an “underperform” rating in a research report on Thursday, February 19th. The Goldman Sachs Group initiated coverage on Global Payments in a research note on Monday, March 9th. They set a “hold” rating and a $88.00 target price for the company. Raymond James Financial lowered Global Payments from an “outperform” rating to a “market perform” rating in a report on Thursday, March 26th. UBS Group reissued a “neutral” rating and issued a $87.00 price objective (up from $80.00) on shares of Global Payments in a report on Thursday, February 19th. Finally, Wells Fargo & Company lifted their target price on Global Payments from $103.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Six investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $90.27.

Global Payments Stock Performance

GPN opened at $64.03 on Thursday. The company has a market cap of $17.62 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 0.34 and a beta of 0.76. The firm’s fifty day simple moving average is $72.32 and its two-hundred day simple moving average is $77.52. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.83. Global Payments has a 52-week low of $62.70 and a 52-week high of $96.24.

Global Payments (NYSE:GPN) last issued its quarterly earnings results on Wednesday, February 18th. The business services provider reported $3.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.16 by $0.02. The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.32 billion. Global Payments had a return on equity of 12.72% and a net margin of 16.92%.The business’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.85 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Equities analysts anticipate that Global Payments will post 11.89 earnings per share for the current fiscal year.

Institutional Trading of Global Payments

Several large investors have recently added to or reduced their stakes in GPN. Hsbc Holdings PLC grew its holdings in Global Payments by 39.5% in the 4th quarter. Hsbc Holdings PLC now owns 1,428,962 shares of the business services provider’s stock worth $110,772,000 after buying an additional 404,918 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in shares of Global Payments by 40.7% in the fourth quarter. Corient Private Wealth LLC now owns 36,760 shares of the business services provider’s stock valued at $2,845,000 after acquiring an additional 10,640 shares in the last quarter. Flax Pond Capital LLC acquired a new position in shares of Global Payments during the fourth quarter valued at approximately $4,730,000. DGS Capital Management LLC acquired a new position in shares of Global Payments during the fourth quarter valued at approximately $230,000. Finally, Dean Capital Management raised its holdings in Global Payments by 3.2% during the fourth quarter. Dean Capital Management now owns 18,445 shares of the business services provider’s stock worth $1,428,000 after purchasing an additional 570 shares in the last quarter. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Global Payments Company Profile

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.