Global Payments (NYSE:GPN) Upgraded at Piper Sandler

Global Payments (NYSE:GPN) was upgraded by analysts at Piper Sandler to a “hold” rating in a report released on Thursday, Zacks reports.

A number of other analysts also recently commented on GPN. Wall Street Zen lowered Global Payments from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. BTIG Research reaffirmed a “neutral” rating on shares of Global Payments in a research note on Tuesday, June 9th. Jefferies Financial Group upgraded shares of Global Payments from a “hold” rating to a “buy” rating in a research report on Thursday, August 6th. TD Cowen increased their price objective on shares of Global Payments from $90.00 to $95.00 and gave the company a “hold” rating in a research note on Wednesday, August 26th. Finally, Argus set a $110.00 target price on shares of Global Payments and gave the company a “buy” rating in a report on Thursday, August 6th. Nine equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Global Payments presently has a consensus rating of “Hold” and a consensus price target of $92.85.

Global Payments Price Performance

GPN stock opened at $88.46 on Thursday. The firm has a 50 day moving average of $86.24 and a 200-day moving average of $75.81. The company has a market cap of $23.41 billion, a price-to-earnings ratio of -29.68, a PEG ratio of 0.48 and a beta of 0.78. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.90. Global Payments has a 12-month low of $61.16 and a 12-month high of $95.88.

Global Payments (NYSE:GPN) last released its quarterly earnings results on Wednesday, August 5th. The business services provider reported $3.46 earnings per share for the quarter, topping analysts’ consensus estimates of $3.44 by $0.02. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%.The business had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter in the prior year, the firm posted $3.10 EPS. The company’s revenue was up 68.6% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. As a group, equities analysts expect that Global Payments will post 13.64 EPS for the current fiscal year.

Institutional Trading of Global Payments

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Strive Financial Group LLC purchased a new stake in Global Payments during the 4th quarter worth about $25,000. DV Equities LLC acquired a new position in Global Payments in the 4th quarter valued at about $26,000. Western Wealth Management LLC purchased a new position in Global Payments in the 1st quarter valued at about $34,000. Johnson Financial Group Inc. purchased a new position in Global Payments in the 3rd quarter valued at about $35,000. Finally, Hantz Financial Services Inc. lifted its holdings in Global Payments by 87.5% in the 4th quarter. Hantz Financial Services Inc. now owns 478 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 223 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 payments technology and software company that provides solutions for businesses, financial institutions and other organizations. Its services support payment acceptance across in-store, online and mobile channels, including credit and debit card processing, point-of-sale systems, payment gateways, integrated software and related business management tools.

The company serves merchants across industries such as retail, restaurants, hospitality, education, health care and professional services.