Global Payments (NYSE:GPN) Coverage Initiated at Barclays

Equities research analysts at Barclays initiated coverage on shares of Global Payments (NYSE:GPN) in a research note issued on Wednesday,Benzinga reports. The brokerage set an “equal weight” rating on the business services provider’s stock.

A number of other research firms have also weighed in on GPN. BMO Capital Markets initiated coverage on Global Payments in a research report on Tuesday, April 21st. They issued a “market perform” rating and a $76.00 price target for the company. Susquehanna set a $111.00 price objective on Global Payments and gave the stock a “positive” rating in a report on Wednesday, June 3rd. BTIG Research reaffirmed a “neutral” rating on shares of Global Payments in a research note on Tuesday, June 9th. TD Cowen reiterated a “hold” rating and issued a $74.00 target price (down from $86.00) on shares of Global Payments in a report on Thursday, June 11th. Finally, Morgan Stanley started coverage on shares of Global Payments in a research report on Monday, June 22nd. They issued an “equal weight” rating and a $65.00 target price on the stock. Five research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $83.87.

Global Payments Trading Up 0.2%

Shares of NYSE:GPN opened at $77.55 on Wednesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market capitalization of $21.21 billion, a price-to-earnings ratio of -38.01, a PEG ratio of 0.44 and a beta of 0.76. Global Payments has a 1-year low of $61.16 and a 1-year high of $90.64. The company has a 50 day moving average price of $69.95 and a 200 day moving average price of $72.11.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Wednesday, May 6th. The business services provider reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.82 by $0.14. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.81 billion. Global Payments had a positive return on equity of 13.11% and a negative net margin of 7.99%.The company’s quarterly revenue was up 63.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.82 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, research analysts anticipate that Global Payments will post 13.86 EPS for the current fiscal year.

Hedge Funds Weigh In On Global Payments

Large investors have recently made changes to their positions in the business. Brighton Jones LLC purchased a new stake in Global Payments in the 4th quarter worth approximately $725,000. Caxton Associates LLP acquired a new position in shares of Global Payments in the first quarter worth $243,000. Intech Investment Management LLC raised its holdings in shares of Global Payments by 43.5% during the first quarter. Intech Investment Management LLC now owns 14,462 shares of the business services provider’s stock worth $1,416,000 after acquiring an additional 4,386 shares in the last quarter. 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 valued at $3,327,000 after purchasing an additional 2,840 shares during 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 valued at $2,291,000 after purchasing an additional 20,119 shares during the last quarter. 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.