Wall Street Zen Upgrades Global Payments (NYSE:GPN) to “Buy”

Global Payments (NYSE:GPN) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Several other equities analysts have also recently issued reports on GPN. Cantor Fitzgerald dropped their price target on Global Payments from $88.00 to $76.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Deutsche Bank Aktiengesellschaft dropped their price target on Global Payments from $80.00 to $75.00 in a research report on Monday, May 11th. UBS Group restated a “neutral” rating and issued a $80.00 price target on shares of Global Payments in a research report on Thursday, May 7th. BMO Capital Markets assumed coverage on Global Payments in a research report on Tuesday, April 21st. They issued a “market perform” rating and a $76.00 price target on the stock. Finally, Royal Bank Of Canada dropped their price target on Global Payments from $97.00 to $82.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 8th. Four equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Global Payments presently has a consensus rating of “Hold” and a consensus target price of $84.52.

Global Payments Stock Down 0.0%

Global Payments stock opened at $67.55 on Friday. The company has a market capitalization of $18.48 billion, a P/E ratio of -33.11, a PEG ratio of 0.38 and a beta of 0.75. Global Payments has a fifty-two week low of $62.45 and a fifty-two week high of $90.64. The stock has a 50-day simple moving average of $69.21 and a 200-day simple moving average of $73.96. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.79 and a current ratio of 0.79.

Global Payments (NYSE:GPN) last issued its quarterly earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.82 by $0.14. The firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.81 billion. Global Payments had a positive return on equity of 13.11% and a negative net margin of 7.99%.The firm’s revenue for the quarter was up 63.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.82 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Equities research analysts expect that Global Payments will post 13.89 earnings per share for the current year.

Hedge Funds Weigh In On Global Payments

Several institutional investors and hedge funds have recently added to or reduced their stakes in GPN. Brighton Jones LLC acquired a new position in Global Payments during the 4th quarter worth approximately $725,000. Caxton Associates LLP acquired a new position in Global Payments during the 1st quarter worth approximately $243,000. Intech Investment Management LLC increased its position in Global Payments by 43.5% during the 1st quarter. Intech Investment Management LLC now owns 14,462 shares of the business services provider’s stock worth $1,416,000 after purchasing an additional 4,386 shares during the period. Daiwa Securities Group Inc. grew its holdings in shares of Global Payments by 7.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 41,577 shares of the business services provider’s stock worth $3,327,000 after acquiring an additional 2,840 shares during the period. Finally, AXA S.A. grew its holdings in shares of Global Payments by 236.6% in the 2nd quarter. AXA S.A. now owns 28,622 shares of the business services provider’s stock worth $2,291,000 after acquiring an additional 20,119 shares during the period. Institutional investors and hedge funds own 89.76% of the company’s stock.

About Global Payments

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.