Global Payments’ (GPN) Equal Weight Rating Reaffirmed at Morgan Stanley

Global Payments (NYSE:GPN)‘s stock had its “equal weight” rating reissued by Morgan Stanley in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $65.00 price objective on the business services provider’s stock. Morgan Stanley’s target price indicates a potential downside of 3.03% from the company’s current price.

Several other analysts also recently commented on GPN. Argus dropped their price objective on Global Payments from $100.00 to $95.00 in a research note on Friday, May 8th. Royal Bank Of Canada lowered their price target on Global Payments from $97.00 to $82.00 and set a “sector perform” rating for the company in a report on Wednesday, April 8th. Weiss Ratings lowered Global Payments from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, May 11th. Zacks Research lowered Global Payments from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Finally, Mizuho decreased their price objective on Global Payments from $125.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday, March 26th. Five analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $83.87.

Global Payments Stock Up 0.2%

Shares of NYSE:GPN opened at $67.03 on Monday. The company has a 50 day moving average price of $69.30 and a two-hundred day moving average price of $72.79. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market capitalization of $18.34 billion, a PE ratio of -32.86, a PEG ratio of 0.38 and a beta of 0.76. Global Payments has a 52 week low of $61.16 and a 52 week high of $90.64.

Global Payments (NYSE:GPN) last announced its quarterly earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share for the quarter, topping 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 company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same period last year, the firm posted $2.82 earnings per share. The business’s quarterly 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. Analysts forecast that Global Payments will post 13.88 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC bought a new position in shares of Global Payments in the 4th quarter valued at about $725,000. Caxton Associates LLP bought a new stake in Global Payments during the first quarter worth about $243,000. Intech Investment Management LLC boosted its position in Global Payments by 43.5% during the first quarter. Intech Investment Management LLC now owns 14,462 shares of the business services provider’s stock valued at $1,416,000 after purchasing an additional 4,386 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in Global Payments by 7.3% during the second quarter. Daiwa Securities Group Inc. now owns 41,577 shares of the business services provider’s stock valued at $3,327,000 after purchasing an additional 2,840 shares during the last quarter. Finally, AXA S.A. grew its stake in Global Payments by 236.6% in the second quarter. AXA S.A. now owns 28,622 shares of the business services provider’s stock valued at $2,291,000 after purchasing an additional 20,119 shares in the last quarter. Institutional investors own 89.76% of the company’s stock.

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.