Argus Lowers Global Payments (NYSE:GPN) Price Target to $95.00

Global Payments (NYSE:GPN) had its target price lowered by equities research analysts at Argus from $100.00 to $95.00 in a research report issued to clients and investors on Friday,MarketScreener reports. Argus’ target price indicates a potential upside of 38.41% from the stock’s previous close.

A number of other research analysts have also weighed in on GPN. Truist Financial reduced their price objective on shares of Global Payments from $85.00 to $81.00 and set a “hold” rating for the company in a research note on Friday, April 24th. Stephens set a $80.00 price objective on shares of Global Payments and gave the company an “equal weight” rating in a research note on Thursday. Zacks Research lowered shares of Global Payments from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft began coverage on shares of Global Payments in a research report on Wednesday, January 14th. They set a “hold” rating and a $80.00 price target for the company. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Global Payments in a research report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Global Payments currently has an average rating of “Hold” and a consensus price target of $85.81.

Global Payments Stock Down 2.1%

Global Payments stock opened at $68.64 on Friday. Global Payments has a 1-year low of $62.45 and a 1-year high of $90.64. The firm has a market capitalization of $18.89 billion, a price-to-earnings ratio of -33.67, a P/E/G ratio of 0.41 and a beta of 0.75. The company has a current ratio of 0.79, a quick ratio of 1.69 and a debt-to-equity ratio of 0.86. The firm has a 50 day simple moving average of $70.35 and a 200 day simple moving average of $74.76.

Global Payments (NYSE:GPN) last released its quarterly earnings data on Wednesday, May 6th. The business services provider reported $2.96 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $0.14. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same period in the previous year, the business earned $2.82 EPS. Global Payments’s revenue was up 63.1% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, analysts predict that Global Payments will post 13.72 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Traynor Capital Management Inc. grew its position in Global Payments by 3.5% in the fourth quarter. Traynor Capital Management Inc. now owns 4,221 shares of the business services provider’s stock worth $327,000 after acquiring an additional 141 shares in the last quarter. Deseret Mutual Benefit Administrators grew its position in Global Payments by 23.4% in the third quarter. Deseret Mutual Benefit Administrators now owns 802 shares of the business services provider’s stock worth $67,000 after acquiring an additional 152 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in Global Payments by 1.6% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 10,260 shares of the business services provider’s stock worth $794,000 after acquiring an additional 163 shares in the last quarter. Allworth Financial LP grew its position in Global Payments by 43.2% in the third quarter. Allworth Financial LP now owns 610 shares of the business services provider’s stock worth $51,000 after acquiring an additional 184 shares in the last quarter. Finally, Oakworth Capital Inc. grew its position in Global Payments by 1.7% in the third quarter. Oakworth Capital Inc. now owns 11,271 shares of the business services provider’s stock worth $936,000 after acquiring an additional 186 shares in the last quarter. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

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.