Global Payments (NYSE:GPN) Stock Price Up 11.5% – Here’s Why

Global Payments Inc. (NYSE:GPN)’s share price rose 11.5% during trading on Friday. The stock traded as high as $88.03 and last traded at $95.5920. 1,331,465 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 3,286,975 shares. The stock had previously closed at $85.72.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. KeyCorp upgraded Global Payments from a “sector weight” rating to an “overweight” rating and set a $105.00 price target for the company in a report on Monday, October 19th. Robert W. Baird set a $120.00 price target on shares of Global Payments in a research note on Thursday, August 6th. Royal Bank Of Canada reissued a “sector perform” rating and set a $106.00 price objective (up from $102.00) on shares of Global Payments in a research report on Monday, August 31st. Wolfe Research restated an “outperform” rating and set a $125.00 price objective (up from $110.00) on shares of Global Payments in a research note on Tuesday, August 25th. Finally, Truist Financial reduced their price objective on shares of Global Payments from $95.00 to $86.00 and set a “hold” rating for the company in a research note on Friday, October 23rd. Thirteen research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $95.87.

Global Payments Trading Up 10.5%

The firm has a 50 day simple moving average of $86.24 and a 200 day simple moving average of $76.90. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $25.08 billion, a PE ratio of -31.91, a P/E/G ratio of 0.41 and a beta of 0.80.

Global Payments (NYSE:GPN) last posted its earnings results on Wednesday, August 5th. The business services provider reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter in the prior year, the business earned $3.10 EPS. The business’s revenue for the quarter was up 68.6% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. Equities analysts expect that Global Payments Inc. will post 13.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Global Payments

A number of hedge funds have recently added to or reduced their stakes in the stock. Western Wealth Management LLC bought a new stake in shares of Global Payments in the first quarter worth $34,000. Nvwm LLC bought a new position in Global Payments in the third quarter valued at about $41,000. Root Financial Partners LLC lifted its holdings in Global Payments by 209.8% in the first quarter. Root Financial Partners LLC now owns 725 shares of the business services provider’s stock valued at $49,000 after acquiring an additional 491 shares during the period. Geneos Wealth Management Inc. boosted its position in Global Payments by 48.5% in the first quarter. Geneos Wealth Management Inc. now owns 765 shares of the business services provider’s stock worth $51,000 after purchasing an additional 250 shares during the last quarter. Finally, Fortitude Family Office LLC boosted its position in Global Payments by 365.7% in the third quarter. Fortitude Family Office LLC now owns 624 shares of the business services provider’s stock worth $51,000 after purchasing an additional 490 shares during the last quarter. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

Global Payments Company Profile

Global Payments Inc (NYSE:GPN) is a financial technology and payments company that provides software and payment solutions to businesses, financial institutions and other organizations. Its services help merchants accept payments through credit cards, debit cards, digital wallets and other electronic methods across in-store, online and mobile channels.

The company offers payment processing, point-of-sale technology, commerce management software, payment security and reporting tools. Its solutions are used in industries including retail, restaurants, hospitality, healthcare, education and government.