Global Payments (NYSE:GPN) Price Target Lowered to $85.00 at Evercore ISI

Global Payments (NYSE:GPN) had its target price decreased by analysts at Evercore ISI from $90.00 to $85.00 in a report released on Tuesday,MarketScreener reports. Evercore ISI’s target price would indicate a potential upside of 15.71% from the company’s previous close.

Several other research analysts have also issued reports on GPN. UBS Group increased their price target on Global Payments from $85.00 to $93.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. B. Riley reissued a “buy” rating on shares of Global Payments in a research report on Wednesday, July 16th. Weiss Ratings restated a “hold (c-)” rating on shares of Global Payments in a report on Wednesday, October 8th. Royal Bank Of Canada boosted their target price on shares of Global Payments from $93.00 to $95.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 5th. Finally, TD Cowen raised their price target on shares of Global Payments from $92.00 to $95.00 and gave the company a “hold” rating in a research report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat.com, Global Payments currently has an average rating of “Hold” and an average price target of $103.90.

Global Payments Trading Down 2.6%

Shares of NYSE:GPN traded down $1.98 during trading on Tuesday, reaching $73.46. The stock had a trading volume of 43,337 shares, compared to its average volume of 2,645,562. Global Payments has a 52 week low of $65.93 and a 52 week high of $120.00. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. The firm’s fifty day moving average is $84.04 and its 200 day moving average is $81.93. The stock has a market cap of $17.39 billion, a price-to-earnings ratio of 12.97, a P/E/G ratio of 0.76 and a beta of 0.95.

Global Payments (NYSE:GPN) last issued its quarterly earnings results on Tuesday, November 4th. The business services provider reported $3.26 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.03. The firm had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.41 billion. Global Payments had a return on equity of 12.47% and a net margin of 15.07%.During the same period last year, the business posted $3.08 EPS. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. As a group, equities analysts forecast that Global Payments will post 11.89 EPS for the current fiscal year.

Insider Activity

In related news, Director Patricia A. Watson purchased 1,331 shares of Global Payments stock in a transaction that occurred on Friday, November 7th. The shares were acquired at an average cost of $75.06 per share, for a total transaction of $99,904.86. Following the transaction, the director directly owned 2,651 shares in the company, valued at $198,984.06. The trade was a 100.83% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.01% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Norges Bank purchased a new position in Global Payments in the 2nd quarter worth approximately $273,844,000. Pzena Investment Management LLC lifted its stake in Global Payments by 32.6% in the 2nd quarter. Pzena Investment Management LLC now owns 11,050,253 shares of the business services provider’s stock worth $884,462,000 after purchasing an additional 2,716,156 shares in the last quarter. Nuveen LLC purchased a new position in shares of Global Payments during the first quarter valued at about $94,107,000. Balyasny Asset Management L.P. lifted its position in shares of Global Payments by 480.7% in the second quarter. Balyasny Asset Management L.P. now owns 1,074,669 shares of the business services provider’s stock worth $86,017,000 after buying an additional 889,590 shares in the last quarter. Finally, Amundi boosted its stake in Global Payments by 77.5% during the first quarter. Amundi now owns 2,001,585 shares of the business services provider’s stock valued at $186,107,000 after buying an additional 874,175 shares during the last quarter. 89.76% of the stock is owned by hedge funds and other institutional investors.

About Global Payments

Global Payments Inc provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through two segments, Merchant Solutions and Issuer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services.