Global Payments (NYSE:GPN) Given New $102.00 Price Target at Royal Bank Of Canada

Global Payments (NYSE:GPN) had its price target boosted by stock analysts at Royal Bank Of Canada from $96.00 to $102.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “sector perform” rating on the business services provider’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 11.03% from the stock’s current price.

GPN has been the topic of a number of other reports. Wells Fargo & Company cut their price objective on Global Payments from $105.00 to $95.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft dropped their target price on Global Payments from $75.00 to $70.00 and set a “hold” rating on the stock in a research report on Tuesday, June 9th. Argus set a $110.00 price target on shares of Global Payments and gave the stock a “buy” rating in a report on Thursday, August 6th. Citigroup reissued a “buy” rating on shares of Global Payments in a research report on Thursday, August 6th. Finally, Cantor Fitzgerald decreased their price objective on shares of Global Payments from $88.00 to $76.00 and set a “neutral” rating for the company in a research note 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, Global Payments presently has a consensus rating of “Hold” and an average price target of $90.92.

Global Payments Price Performance

Shares of GPN opened at $91.86 on Wednesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.82. The company’s fifty day moving average price is $78.14 and its 200-day moving average price is $73.43. Global Payments has a 1-year low of $61.16 and a 1-year high of $95.58. The firm has a market capitalization of $24.31 billion, a PE ratio of -30.73, a price-to-earnings-growth ratio of 0.54 and a beta of 0.74.

Global Payments (NYSE:GPN) last issued its earnings results on Wednesday, August 5th. The business services provider reported $3.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.44 by $0.02. The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.16 billion. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%.The firm’s quarterly revenue was up 68.6% on a year-over-year basis. During the same quarter last year, the business posted $3.10 EPS. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. On average, equities research analysts predict that Global Payments will post 13.66 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Global Payments by 1.6% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 10,260 shares of the business services provider’s stock worth $794,000 after acquiring an additional 163 shares in the last quarter. Southern Financial Group LLC grew its stake in Global Payments by 5.1% in the first quarter. Southern Financial Group LLC now owns 3,651 shares of the business services provider’s stock valued at $246,000 after acquiring an additional 178 shares during the period. Van ECK Associates Corp increased its holdings in shares of Global Payments by 0.6% in the third quarter. Van ECK Associates Corp now owns 30,262 shares of the business services provider’s stock worth $2,514,000 after acquiring an additional 187 shares in the last quarter. New Mexico Educational Retirement Board increased its holdings in shares of Global Payments by 1.8% in the fourth quarter. New Mexico Educational Retirement Board now owns 11,248 shares of the business services provider’s stock worth $871,000 after acquiring an additional 200 shares in the last quarter. Finally, Dempze Nancy E raised its position in shares of Global Payments by 1.5% during the fourth quarter. Dempze Nancy E now owns 13,500 shares of the business services provider’s stock worth $1,045,000 after purchasing an additional 200 shares during the period. 89.76% of the stock is owned by institutional investors and hedge funds.

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.