Global Payments (NYSE:GPN) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Global Payments (NYSE:GPN) had its target price increased by The Goldman Sachs Group from $82.00 to $94.00 in a research report issued to clients and investors on Thursday, MarketBeat reports. The firm currently has a “neutral” rating on the business services provider’s stock. The Goldman Sachs Group’s price target would suggest a potential upside of 9.16% from the company’s current price.

A number of other research analysts have also recently commented on the company. Stephens set a $80.00 price target on Global Payments and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Susquehanna set a $111.00 price objective on shares of Global Payments and gave the stock a “positive” rating in a research report on Wednesday, June 3rd. Wells Fargo & Company reduced their price objective on shares of Global Payments from $105.00 to $95.00 and set an “overweight” rating on the stock in a research note on Thursday, July 9th. Royal Bank Of Canada decreased their target price on shares of Global Payments from $97.00 to $82.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 8th. Finally, Weiss Ratings cut shares of Global Payments from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, May 11th. Ten investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $90.68.

Global Payments Trading Down 1.8%

Shares of NYSE:GPN opened at $86.11 on Thursday. The business’s 50 day simple moving average is $75.16 and its 200 day simple moving average is $72.66. Global Payments has a 1 year low of $61.16 and a 1 year high of $90.85. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.79. The company has a market capitalization of $22.79 billion, a P/E ratio of -28.90, a P/E/G ratio of 0.50 and a beta of 0.74.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Wednesday, August 5th. The business services provider reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.44 by $0.02. The firm had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%.The company’s quarterly revenue was up 68.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.10 EPS. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. On average, research analysts anticipate that Global Payments will post 13.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Strive Financial Group LLC acquired a new position in shares of Global Payments during the fourth quarter worth $25,000. DV Equities LLC bought a new position in Global Payments during the 4th quarter worth $26,000. Torren Management LLC bought a new position in Global Payments during the 4th quarter worth $34,000. Western Wealth Management LLC acquired a new position in Global Payments during the 1st quarter worth about $34,000. Finally, Johnson Financial Group Inc. acquired a new position in Global Payments during the 3rd quarter worth about $35,000. Institutional investors 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.