Global Payments (NYSE:GPN) Price Target Cut to $110.00 by Analysts at Mizuho

Global Payments (NYSE:GPN) had its price target decreased by research analysts at Mizuho from $125.00 to $110.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. Mizuho’s price target points to a potential upside of 53.40% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on GPN. Weiss Ratings restated a “hold (c-)” rating on shares of Global Payments in a research note on Thursday, January 22nd. Wells Fargo & Company upped their target price on shares of Global Payments from $103.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. UBS Group reissued a “neutral” rating and issued a $87.00 price target (up from $80.00) on shares of Global Payments in a research report on Thursday, February 19th. Rothschild & Co Redburn raised their price target on shares of Global Payments from $65.00 to $70.00 and gave the stock a “sell” rating in a research note on Wednesday, December 3rd. Finally, Truist Financial set a $85.00 price objective on Global Payments in a report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $91.18.

Global Payments Price Performance

Shares of GPN stock opened at $71.71 on Thursday. Global Payments has a 12 month low of $65.93 and a 12 month high of $99.99. The company has a market capitalization of $19.74 billion, a P/E ratio of 12.37, a P/E/G ratio of 0.39 and a beta of 0.73. The stock has a 50 day moving average of $73.43 and a two-hundred day moving average of $78.43. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.83.

Global Payments (NYSE:GPN) last released its quarterly earnings data on Wednesday, February 18th. The business services provider reported $3.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.16 by $0.02. The business had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.32 billion. Global Payments had a return on equity of 12.72% and a net margin of 16.92%.Global Payments’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.85 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. As a group, equities analysts expect that Global Payments will post 11.89 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Independent Advisor Alliance grew its holdings in shares of Global Payments by 260.5% during the third quarter. Independent Advisor Alliance now owns 29,446 shares of the business services provider’s stock worth $2,446,000 after purchasing an additional 21,278 shares during the last quarter. BIP Wealth LLC raised its holdings in shares of Global Payments by 151.6% in the third quarter. BIP Wealth LLC now owns 30,103 shares of the business services provider’s stock valued at $2,501,000 after buying an additional 18,138 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in Global Payments during the 3rd quarter worth about $905,000. HB Wealth Management LLC lifted its position 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 buying an additional 25,118 shares in the last quarter. Finally, Saiph Capital LLC bought a new stake in Global Payments during the 2nd quarter worth about $7,269,000. 89.76% of the stock is owned by institutional investors and hedge funds.

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.