BNP Paribas Exane Has Lowered Expectations for Global Payments (NYSE:GPN) Stock Price

Global Payments (NYSE:GPN) had its price objective reduced by research analysts at BNP Paribas Exane from $64.00 to $60.00 in a research report issued to clients and investors on Friday,MarketScreener reports. The firm currently has an “underperform” rating on the business services provider’s stock. BNP Paribas Exane’s price target indicates a potential downside of 7.99% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Raymond James Financial downgraded shares of Global Payments from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 26th. UBS Group restated a “neutral” rating and issued a $87.00 target price (up from $80.00) on shares of Global Payments in a research note on Thursday, February 19th. Mizuho cut their price objective on Global Payments from $125.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, March 26th. Keefe, Bruyette & Woods decreased their target price on Global Payments from $90.00 to $76.00 and set a “market perform” rating for the company in a report on Tuesday. Finally, JPMorgan Chase & Co. cut their price target on shares of Global Payments from $95.00 to $90.00 and set a “neutral” rating on the stock in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Global Payments has a consensus rating of “Hold” and a consensus price target of $88.05.

Global Payments Trading Down 1.0%

Global Payments stock opened at $65.21 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a market cap of $17.95 billion, a PE ratio of 11.34, a price-to-earnings-growth ratio of 0.35 and a beta of 0.76. The stock has a 50-day moving average of $71.65 and a two-hundred day moving average of $76.94. Global Payments has a one year low of $62.45 and a one year high of $90.64.

Global Payments (NYSE:GPN) last issued its quarterly earnings results on Wednesday, February 18th. The business services provider reported $3.18 earnings per share for the quarter, topping analysts’ consensus estimates of $3.16 by $0.02. The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.32 billion. Global Payments had a return on equity of 12.72% and a net margin of 16.92%.The company’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.85 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, research analysts anticipate that Global Payments will post 11.89 EPS for the current fiscal year.

Institutional Trading of Global Payments

Hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in shares of Global Payments during the 4th quarter worth about $725,000. Caxton Associates LLP purchased a new position in shares of Global Payments in the 1st quarter valued at about $243,000. Intech Investment Management LLC raised its holdings in Global Payments by 43.5% in 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. 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 worth $3,327,000 after purchasing an additional 2,840 shares in the last quarter. Finally, AXA S.A. boosted its position in Global Payments by 236.6% during the second quarter. AXA S.A. now owns 28,622 shares of the business services provider’s stock worth $2,291,000 after purchasing an additional 20,119 shares in the last quarter. 89.76% of the stock is owned by hedge funds and other institutional investors.

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.