Keefe, Bruyette & Woods Has Lowered Expectations for Global Payments (NYSE:GPN) Stock Price

Global Payments (NYSE:GPN) had its target price dropped by equities research analysts at Keefe, Bruyette & Woods from $90.00 to $76.00 in a research report issued on Tuesday,MarketScreener reports. The brokerage currently has a “market perform” rating on the business services provider’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 15.20% from the company’s previous close.

Several other brokerages have also recently commented on GPN. The Goldman Sachs Group began coverage on shares of Global Payments in a research report on Monday, March 9th. They issued a “hold” rating and a $88.00 price target for the company. Zacks Research raised Global Payments from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 2nd. TD Cowen reissued a “hold” rating on shares of Global Payments in a research report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft began coverage on Global Payments in a research report on Wednesday, January 14th. They set a “hold” rating and a $80.00 price objective for the company. Finally, Stephens lowered their price objective on Global Payments from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $88.77.

Global Payments Trading Up 5.2%

GPN traded up $3.28 during mid-day trading on Tuesday, hitting $65.98. 229,568 shares of the stock were exchanged, compared to its average volume of 3,738,601. The firm’s fifty day moving average is $71.89 and its two-hundred day moving average is $77.10. Global Payments has a 1-year low of $62.45 and a 1-year high of $90.96. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.83. The company has a market cap of $18.16 billion, a PE ratio of 11.38, a PEG ratio of 0.34 and a beta of 0.76.

Global Payments (NYSE:GPN) last issued its quarterly earnings results on Wednesday, February 18th. The business services provider reported $3.18 EPS for the quarter, beating the consensus estimate of $3.16 by $0.02. Global Payments had a net margin of 16.92% and a return on equity of 12.72%. The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same quarter last year, the company posted $2.85 EPS. The firm’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. Equities analysts forecast that Global Payments will post 11.89 earnings per share for the current fiscal year.

Institutional Trading of Global Payments

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Independent Advisor Alliance lifted its holdings in shares of Global Payments by 260.5% in the 3rd quarter. Independent Advisor Alliance now owns 29,446 shares of the business services provider’s stock valued at $2,446,000 after purchasing an additional 21,278 shares during the last quarter. BIP Wealth LLC boosted its stake in Global Payments by 151.6% during the 3rd quarter. BIP Wealth LLC now owns 30,103 shares of the business services provider’s stock worth $2,501,000 after purchasing an additional 18,138 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in Global Payments during the 3rd quarter worth $905,000. HB Wealth Management LLC boosted its stake in Global Payments by 213.9% during the 3rd quarter. HB Wealth Management LLC now owns 36,861 shares of the business services provider’s stock worth $3,062,000 after purchasing an additional 25,118 shares during the period. Finally, Convergence Investment Partners LLC acquired a new stake in Global Payments during the 3rd quarter worth $1,024,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

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.