BNP Paribas Exane Lowers Global Payments (NYSE:GPN) Price Target to $60.00

Global Payments (NYSE:GPN) had its price objective decreased by analysts at BNP Paribas Exane from $64.00 to $60.00 in a report issued on Friday,MarketScreener reports. The brokerage presently has an “underperform” rating on the business services provider’s stock. BNP Paribas Exane’s price objective would suggest a potential downside of 8.26% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. UBS Group reaffirmed a “neutral” rating and set a $87.00 price objective (up from $80.00) on shares of Global Payments in a research report on Thursday, February 19th. TD Cowen reduced their target price on shares of Global Payments from $91.00 to $86.00 and set a “hold” rating for the company in a research note on Tuesday, April 7th. Wells Fargo & Company lifted their target price on shares of Global Payments from $103.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Zacks Research upgraded shares of Global Payments from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 2nd. Finally, Raymond James Financial cut shares of Global Payments from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $88.05.

Global Payments Trading Down 0.7%

NYSE GPN opened at $65.40 on Friday. Global Payments has a 1-year low of $62.45 and a 1-year high of $90.64. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $18.00 billion, a PE ratio of 11.30, a price-to-earnings-growth ratio of 0.36 and a beta of 0.76. The firm’s fifty day simple moving average is $71.52 and its 200-day simple moving average is $76.72.

Global Payments (NYSE:GPN) last posted its quarterly earnings results on Wednesday, February 18th. The business services provider reported $3.18 earnings per share for the quarter, topping analysts’ consensus estimates of $3.16 by $0.02. Global Payments had a net margin of 16.92% and a return on equity of 12.72%. The business had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the prior year, the business posted $2.85 earnings per share. Global Payments’s revenue for the quarter 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. As a group, sell-side analysts anticipate that Global Payments will post 11.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Global Payments

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