Keefe, Bruyette & Woods Lowers Global Payments (NYSE:GPN) Price Target to $76.00

Global Payments (NYSE:GPN) had its target price decreased by Keefe, Bruyette & Woods from $90.00 to $76.00 in a report released on Tuesday,MarketScreener reports. The firm presently has a “market perform” rating on the business services provider’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 16.71% from the company’s previous close.

Several other equities analysts have also weighed in on GPN. BNP Paribas Exane upped their price objective on shares of Global Payments from $73.00 to $76.00 and gave the company an “underperform” rating in a report on Thursday, February 19th. The Goldman Sachs Group started coverage on shares of Global Payments in a report on Monday, March 9th. They set a “hold” rating and a $88.00 price objective on the stock. Truist Financial set a $85.00 price objective on shares of Global Payments in a report on Tuesday, January 20th. JPMorgan Chase & Co. dropped their price objective on shares of Global Payments from $95.00 to $90.00 and set a “neutral” rating on the stock in a report on Thursday, February 12th. Finally, TD Cowen reiterated a “hold” rating on shares of Global Payments in a report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $88.77.

Global Payments Price Performance

Shares of NYSE GPN opened at $65.12 on Tuesday. The firm’s 50-day moving average price is $71.76 and its 200-day moving average price is $77.02. Global Payments has a 1-year low of $62.45 and a 1-year high of $90.96. The firm has a market capitalization of $17.92 billion, a P/E ratio of 11.25, a P/E/G ratio of 0.34 and a beta of 0.76. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.83.

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

Institutional Investors Weigh In On Global Payments

Institutional investors and hedge funds have recently made changes to their positions in the business. Strive Financial Group LLC acquired a new stake in shares of Global Payments in the 4th quarter worth about $25,000. North Star Investment Management Corp. raised its holdings in shares of Global Payments by 242.2% in the 3rd quarter. North Star Investment Management Corp. now owns 308 shares of the business services provider’s stock worth $26,000 after acquiring an additional 218 shares during the last quarter. DV Equities LLC acquired a new stake in shares of Global Payments in the 4th quarter worth about $26,000. Root Financial Partners LLC acquired a new stake in shares of Global Payments in the 3rd quarter worth about $27,000. Finally, SouthState Bank Corp acquired a new stake in shares of Global Payments in the 3rd quarter worth about $28,000. 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.