TD Cowen Lowers Global Payments (NYSE:GPN) Price Target to $86.00

Global Payments (NYSE:GPN) had its price target reduced by equities researchers at TD Cowen from $91.00 to $86.00 in a research report issued to clients and investors on Tuesday,MarketScreener reports. The firm currently has a “hold” rating on the business services provider’s stock. TD Cowen’s price target points to a potential upside of 32.06% from the company’s previous close.

A number of other equities research analysts also recently weighed in on GPN. Citigroup dropped their price target on shares of Global Payments from $110.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. JPMorgan Chase & Co. dropped their price target on shares of Global Payments from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, February 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Global Payments in a research report on Thursday, January 22nd. Mizuho dropped their price target on shares of Global Payments from $125.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday, March 26th. Finally, UBS Group reiterated a “neutral” rating and issued a $87.00 price target (up from $80.00) on shares of Global Payments in a research report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $88.77.

Global Payments Trading Up 3.9%

Shares of NYSE:GPN opened at $65.12 on Tuesday. Global Payments has a 12-month low of $62.45 and a 12-month high of $90.96. The stock has a market cap of $17.92 billion, a PE ratio of 11.25, a P/E/G ratio of 0.34 and a beta of 0.76. The business has a 50 day moving average of $71.76 and a 200-day moving average of $77.02. 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 (NYSE:GPN) last issued its quarterly earnings data 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. Global Payments had a return on equity of 12.72% and a net margin of 16.92%.The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter in the previous year, the company posted $2.85 earnings per share. The business’s revenue was up 1.4% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. As a group, equities research analysts forecast that Global Payments will post 11.89 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GPN. Strive Financial Group LLC acquired a new position in Global Payments during the fourth quarter valued at approximately $25,000. North Star Investment Management Corp. raised its position in Global Payments by 242.2% during the third quarter. North Star Investment Management Corp. now owns 308 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 218 shares in the last quarter. DV Equities LLC acquired a new position in Global Payments during the fourth quarter valued at approximately $26,000. Root Financial Partners LLC acquired a new position in Global Payments during the third quarter valued at approximately $27,000. Finally, SouthState Bank Corp acquired a new position in Global Payments during the third quarter valued at approximately $28,000. 89.76% of the stock is currently owned by institutional investors and hedge funds.

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.