Rothschild & Co Redburn Forecasts Strong Price Appreciation for Global Payments (NYSE:GPN) Stock

Global Payments (NYSE:GPN) had its price objective lifted by Rothschild & Co Redburn from $65.00 to $70.00 in a report released on Wednesday,MarketScreener reports. The firm currently has a “sell” rating on the business services provider’s stock. Rothschild & Co Redburn’s target price suggests a potential downside of 12.81% from the stock’s current price.

A number of other research firms also recently commented on GPN. Royal Bank Of Canada raised their target price on Global Payments from $93.00 to $95.00 and gave the company a “sector perform” rating in a report on Wednesday, November 5th. Citigroup upgraded shares of Global Payments to a “strong-buy” rating in a research note on Thursday, October 23rd. Raymond James Financial restated an “outperform” rating and set a $105.00 target price on shares of Global Payments in a research report on Tuesday, November 4th. TD Cowen lifted 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. Finally, JPMorgan Chase & Co. boosted their price target on Global Payments from $85.00 to $95.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $102.29.

Global Payments Stock Up 2.0%

GPN stock opened at $80.28 on Wednesday. The stock has a market capitalization of $19.01 billion, a PE ratio of 11.29, a price-to-earnings-growth ratio of 0.72 and a beta of 0.82. The company has a fifty day moving average of $80.95 and a 200-day moving average of $81.47. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.85 and a current ratio of 0.85. Global Payments has a one year low of $65.93 and a one year high of $118.86.

Global Payments (NYSE:GPN) last issued its quarterly earnings results on Tuesday, November 4th. The business services provider reported $3.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.23 by $0.03. The business had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.41 billion. Global Payments had a net margin of 19.68% and a return on equity of 12.66%. During the same period in the previous year, the business posted $3.08 earnings per share. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. As a group, analysts expect that Global Payments will post 11.89 EPS for the current year.

Insider Buying and Selling

In other Global Payments news, Director Connie D. Mcdaniel sold 4,464 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $77.81, for a total transaction of $347,343.84. Following the completion of the transaction, the director owned 30,014 shares of the company’s stock, valued at approximately $2,335,389.34. This trade represents a 12.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Patricia A. Watson acquired 1,331 shares of Global Payments stock in a transaction dated Friday, November 7th. The stock was bought at an average price of $75.06 per share, for a total transaction of $99,904.86. Following the completion of the transaction, the director directly owned 2,651 shares of the company’s stock, valued at approximately $198,984.06. This represents a 100.83% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.01% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Global Payments by 0.6% during the third quarter. Vanguard Group Inc. now owns 23,542,460 shares of the business services provider’s stock worth $1,955,908,000 after purchasing an additional 149,441 shares during the last quarter. Pzena Investment Management LLC boosted its position in Global Payments by 32.6% during 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 during the period. Ameriprise Financial Inc. lifted its stake in shares of Global Payments by 7.3% during the third quarter. Ameriprise Financial Inc. now owns 7,349,876 shares of the business services provider’s stock worth $610,633,000 after purchasing an additional 499,695 shares in the last quarter. Glenview Capital Management LLC boosted its position in shares of Global Payments by 13.8% in the second quarter. Glenview Capital Management LLC now owns 4,316,892 shares of the business services provider’s stock worth $345,524,000 after buying an additional 523,209 shares during the period. Finally, Norges Bank purchased a new stake in shares of Global Payments in the second quarter worth about $273,844,000. 89.76% of the stock is currently owned by institutional investors and hedge funds.

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.