Global Payments (NYSE:GPN) Upgraded by Seaport Res Ptn to Strong-Buy Rating

Global Payments (NYSE:GPN) was upgraded by analysts at Seaport Res Ptn from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. TD Cowen upped their target price on Global Payments from $92.00 to $95.00 and gave the stock a “hold” rating in a research note on Wednesday, November 5th. Citigroup raised Global Payments to a “strong-buy” rating in a research note on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft began coverage on Global Payments in a research note on Wednesday. They set a “hold” rating and a $80.00 target price for the company. Jefferies Financial Group reduced their price target on shares of Global Payments from $85.00 to $75.00 and set a “hold” rating on the stock in a research note on Monday, November 24th. Finally, Cowen reiterated a “hold” rating on shares of Global Payments in a research report on Wednesday, November 5th. Three investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Global Payments currently has a consensus rating of “Hold” and a consensus target price of $99.30.

Global Payments Stock Down 0.1%

Shares of Global Payments stock opened at $77.43 on Wednesday. The firm has a market cap of $18.33 billion, a PE ratio of 10.88, a P/E/G ratio of 0.65 and a beta of 0.79. The business’s 50 day simple moving average is $77.75 and its 200 day simple moving average is $82.01. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.85 and a current ratio of 0.85. Global Payments has a 52-week low of $65.93 and a 52-week high of $114.17.

Global Payments (NYSE:GPN) last released its quarterly earnings results on Tuesday, November 4th. The business services provider reported $3.26 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.03. Global Payments had a net margin of 19.68% and a return on equity of 12.66%. The company had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the previous year, the business earned $3.08 earnings per share. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. On average, analysts predict that Global Payments will post 11.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Global Payments

In other Global Payments news, insider David Lawrence Green sold 11,600 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $79.99, for a total value of $927,884.00. Following the completion of the sale, the insider directly owned 68,096 shares of the company’s stock, valued at approximately $5,446,999.04. This represents a 14.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Patricia A. Watson bought 1,331 shares of the company’s stock in a transaction on Friday, November 7th. The shares were purchased at an average cost of $75.06 per share, for a total transaction of $99,904.86. Following the transaction, the director owned 2,651 shares in the company, valued at approximately $198,984.06. This represents a 100.83% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders bought 14,723 shares of company stock valued at $1,186,772 and sold 18,080 shares valued at $1,439,350. 1.01% of the stock is owned by company insiders.

Hedge Funds Weigh In On Global Payments

Hedge funds and other institutional investors have recently made changes to their positions in the stock. North Star Investment Management Corp. raised its position in Global Payments by 242.2% in the third quarter. North Star Investment Management Corp. now owns 308 shares of the business services provider’s stock worth $26,000 after acquiring an additional 218 shares during the period. Root Financial Partners LLC bought a new position in Global Payments during the third quarter valued at $27,000. REAP Financial Group LLC purchased a new stake in Global Payments in the third quarter worth $28,000. SouthState Bank Corp purchased a new stake in Global Payments in the third quarter worth $28,000. Finally, LRI Investments LLC raised its stake in shares of Global Payments by 53.4% in the second quarter. LRI Investments LLC now owns 382 shares of the business services provider’s stock valued at $31,000 after buying an additional 133 shares during the period. 89.76% of the stock is owned by hedge funds and other institutional investors.

About Global Payments

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.