Global Payments (NYSE:GPN) Raised to “Outperform” at Oppenheimer

Global Payments (NYSE:GPN) was upgraded by equities research analysts at Oppenheimer from a “market perform” rating to an “outperform” rating in a research note issued on Thursday, MarketBeat reports. The firm currently has a $115.00 target price on the business services provider’s stock. Oppenheimer’s price target suggests a potential upside of 41.65% from the company’s current price.

A number of other equities research analysts also recently commented on GPN. HC Wainwright began coverage on Global Payments in a report on Thursday, August 6th. They issued a “buy” rating for the company. Barclays set a $89.00 price target on Global Payments and gave the company an “equal weight” rating in a research report on Thursday, August 6th. UBS Group assumed coverage on Global Payments in a research note on Thursday, August 6th. They set a “buy” rating for the company. Weiss Ratings reissued a “sell (d)” rating on shares of Global Payments in a research note on Friday, August 7th. Finally, Citigroup restated a “buy” rating on shares of Global Payments in a report on Thursday, August 6th. Eleven equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $95.21.

Global Payments Stock Down 0.7%

Shares of NYSE GPN opened at $81.19 on Thursday. The stock has a market cap of $21.48 billion, a PE ratio of -27.24, a price-to-earnings-growth ratio of 0.45 and a beta of 0.80. Global Payments has a 52-week low of $61.16 and a 52-week high of $95.88. The business has a 50-day moving average price of $88.00 and a 200 day moving average price of $77.05. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.90.

Global Payments (NYSE:GPN) last announced its earnings results on Wednesday, August 5th. The business services provider reported $3.46 EPS for the quarter, beating analysts’ consensus estimates of $3.44 by $0.02. Global Payments had a negative net margin of 9.16% and a positive return on equity of 13.80%. The business had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.16 billion. During the same period in the previous year, the company posted $3.10 EPS. The company’s quarterly revenue was up 68.6% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. Equities research analysts forecast that Global Payments will post 13.64 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GPN. Gtcr LLC acquired a new stake in shares of Global Payments in the first quarter worth approximately $2,911,939,000. Gradient Investments LLC increased its position in Global Payments by 156.9% during the second quarter. Gradient Investments LLC now owns 45,565 shares of the business services provider’s stock worth $3,306,000 after purchasing an additional 27,828 shares during the last quarter. Hsbc Holdings PLC increased its position in Global Payments by 40.0% during the second quarter. Hsbc Holdings PLC now owns 912,590 shares of the business services provider’s stock worth $65,864,000 after purchasing an additional 260,606 shares during the last quarter. Lone Peak Global Investors LLC raised its stake in Global Payments by 6.1% during the second quarter. Lone Peak Global Investors LLC now owns 326,833 shares of the business services provider’s stock worth $23,715,000 after purchasing an additional 18,711 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in Global Payments by 18.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,431,107 shares of the business services provider’s stock worth $110,768,000 after purchasing an additional 227,317 shares during the period. Institutional investors and hedge funds own 89.76% of the company’s stock.

Global Payments Company Profile

Global Payments Inc (NYSE:GPN) is a payments technology and software company that provides payment processing and related services to merchants, financial institutions and other organizations. Its offerings help businesses accept payments through credit cards, debit cards, digital wallets and other channels, both in physical locations and online.

The company provides point-of-sale systems, payment processing, commerce software, fraud prevention, analytics and other business-management tools.