Global Payments (NYSE:GPN) Price Target Lowered to $90.00 at Citigroup

Global Payments (NYSE:GPN) had its target price reduced by equities researchers at Citigroup from $110.00 to $90.00 in a research report issued to clients and investors on Thursday,MarketScreener reports. The brokerage presently has a “buy” rating on the business services provider’s stock. Citigroup’s target price would indicate a potential upside of 37.55% from the stock’s previous close.

Other research analysts have also issued reports about the company. Truist Financial set a $85.00 target price on Global Payments in a report on Tuesday, January 20th. Mizuho lowered their target price on Global Payments from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, March 26th. UBS Group reissued a “neutral” rating and issued a $87.00 target price (up from $80.00) on shares of Global Payments in a research report on Thursday, February 19th. Cantor Fitzgerald boosted their price objective on shares of Global Payments from $80.00 to $88.00 in a research report on Friday, March 27th. Finally, JPMorgan Chase & Co. decreased their price objective on Global Payments from $95.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, February 12th. Six analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Global Payments currently has an average rating of “Hold” and a consensus price target of $90.27.

Global Payments Price Performance

Shares of GPN opened at $65.43 on Thursday. The stock has a market cap of $18.01 billion, a P/E ratio of 11.30, a price-to-earnings-growth ratio of 0.37 and a beta of 0.73. Global Payments has a 1 year low of $63.92 and a 1 year high of $99.99. The stock’s 50-day moving average price is $72.78 and its two-hundred day moving average price is $77.76. 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 announced its quarterly earnings results on Wednesday, February 18th. The business services provider reported $3.18 EPS for the quarter, beating analysts’ consensus estimates of $3.16 by $0.02. The company had revenue of $2.32 billion during 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 revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.85 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, equities analysts predict that Global Payments will post 11.89 earnings per share for the current year.

Hedge Funds Weigh In On Global Payments

Several institutional investors and hedge funds have recently modified their holdings of GPN. Thomasville National Bank boosted its holdings in shares of Global Payments by 0.7% during the third quarter. Thomasville National Bank now owns 17,848 shares of the business services provider’s stock worth $1,483,000 after acquiring an additional 125 shares during the period. Traynor Capital Management Inc. lifted its position in shares of Global Payments by 3.5% during the 4th quarter. Traynor Capital Management Inc. now owns 4,221 shares of the business services provider’s stock valued at $327,000 after acquiring an additional 141 shares during the period. Deseret Mutual Benefit Administrators raised its stake in Global Payments by 23.4% in the third quarter. Deseret Mutual Benefit Administrators now owns 802 shares of the business services provider’s stock valued at $67,000 after purchasing an additional 152 shares in the last quarter. Swedbank AB lifted its holdings in shares of Global Payments by 0.3% during the 3rd quarter. Swedbank AB now owns 51,177 shares of the business services provider’s stock worth $4,252,000 after acquiring an additional 154 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Global Payments by 1.6% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 10,260 shares of the business services provider’s stock worth $794,000 after acquiring an additional 163 shares in the last quarter. 89.76% of the stock is currently owned by institutional investors and hedge funds.

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.