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

Global Payments (NYSE:GPN) had its price objective lowered by equities researchers at Truist Financial from $85.00 to $81.00 in a report issued on Friday, Marketbeat Ratings reports. The brokerage presently has a “hold” rating on the business services provider’s stock. Truist Financial’s target price would indicate a potential upside of 19.56% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. Stephens decreased their target price on shares of Global Payments from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Friday, January 16th. The Goldman Sachs Group initiated coverage on shares of Global Payments in a research report on Monday, March 9th. They issued a “hold” rating and a $88.00 target price on the stock. BNP Paribas Exane decreased their target price on shares of Global Payments from $64.00 to $60.00 and set an “underperform” rating on the stock in a research report on Friday, April 10th. Mizuho decreased their target price on shares of Global Payments from $125.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, March 26th. Finally, UBS Group reiterated a “neutral” rating and issued a $87.00 target price (up from $80.00) on shares of Global Payments in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $86.20.

Global Payments Price Performance

Shares of NYSE:GPN opened at $67.75 on Friday. The stock has a market cap of $18.65 billion, a PE ratio of 11.70, a PEG ratio of 0.40 and a beta of 0.76. The company’s fifty day moving average is $71.38 and its 200 day moving average is $75.61. Global Payments has a 52 week low of $62.45 and a 52 week high of $90.64. 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 earnings results on Wednesday, February 18th. The business services provider reported $3.18 EPS for the quarter, topping analysts’ consensus estimates of $3.16 by $0.02. The company had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.32 billion. Global Payments had a net margin of 16.92% and a return on equity of 12.72%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.85 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Research analysts anticipate that Global Payments will post 13.75 earnings per share for the current year.

Hedge Funds Weigh In On Global Payments

A number of hedge funds have recently modified their holdings of GPN. Strive Financial Group LLC purchased a new position in shares of Global Payments in the fourth quarter valued at about $25,000. North Star Investment Management Corp. increased its position in shares of Global Payments by 242.2% in the third 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 period. DV Equities LLC purchased a new position in shares of Global Payments in the fourth quarter valued at about $26,000. Root Financial Partners LLC purchased a new position in shares of Global Payments in the third quarter valued at about $27,000. Finally, SouthState Bank Corp purchased a new position in shares of Global Payments in the third quarter valued at about $28,000. Hedge funds and other institutional investors 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.