Citigroup Lowers Global Payments (NYSE:GPN) Price Target to $90.00

Global Payments (NYSE:GPN) had its price target cut by research analysts at Citigroup from $110.00 to $90.00 in a research report issued to clients and investors on Thursday,MarketScreener reports. The firm currently has a “buy” rating on the business services provider’s stock. Citigroup’s price objective indicates a potential upside of 37.55% from the stock’s current price.

Other research analysts also recently issued reports about the stock. BNP Paribas Exane upped their price target on shares of Global Payments from $73.00 to $76.00 and gave the stock an “underperform” rating in a report on Thursday, February 19th. UBS Group restated a “neutral” rating and issued a $87.00 price target (up from $80.00) on shares of Global Payments in a research report on Thursday, February 19th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Global Payments in a research note on Thursday, January 22nd. 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. Finally, Truist Financial set a $85.00 price objective on shares of Global Payments in a research note on Tuesday, January 20th. Six equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $90.27.

Global Payments Price Performance

Global Payments stock opened at $65.43 on Thursday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.69 and a current ratio of 1.69. Global Payments has a 52 week low of $63.92 and a 52 week high of $99.99. The stock has a market capitalization of $18.01 billion, a P/E ratio of 11.30, a price-to-earnings-growth ratio of 0.37 and a beta of 0.73. The stock has a fifty day moving average of $72.78 and a 200-day moving average of $77.76.

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

Institutional Investors Weigh In On Global Payments

Hedge funds have recently added to or reduced their stakes in the business. Hsbc Holdings PLC increased its stake in shares of Global Payments by 39.5% in the 4th quarter. Hsbc Holdings PLC now owns 1,428,962 shares of the business services provider’s stock valued at $110,772,000 after acquiring an additional 404,918 shares in the last quarter. Corient Private Wealth LLC grew its stake in shares of Global Payments by 40.7% in the 4th quarter. Corient Private Wealth LLC now owns 36,760 shares of the business services provider’s stock valued at $2,845,000 after buying an additional 10,640 shares during the period. Flax Pond Capital LLC bought a new stake in Global Payments in the 4th quarter valued at about $4,730,000. DGS Capital Management LLC acquired a new position in Global Payments during the 4th quarter worth approximately $230,000. Finally, Dean Capital Management raised its stake in Global Payments by 3.2% during the 4th quarter. Dean Capital Management now owns 18,445 shares of the business services provider’s stock worth $1,428,000 after buying an additional 570 shares during the period. 89.76% of the stock is currently owned by 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.