Royal Bank Of Canada Has Lowered Expectations for Global Payments (NYSE:GPN) Stock Price

Global Payments (NYSE:GPN) had its price target dropped by stock analysts at Royal Bank Of Canada from $97.00 to $82.00 in a note issued to investors on Wednesday, MarketBeat Ratings reports. The firm presently has a “sector perform” rating on the business services provider’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 24.29% from the company’s current price.

A number of other equities research analysts have also recently weighed in on the stock. Mizuho cut their price objective on shares of Global Payments from $125.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, March 26th. Zacks Research upgraded shares of Global Payments from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 2nd. Stephens cut their price objective on shares of Global Payments from $95.00 to $90.00 and set an “equal weight” rating on the stock in a report on Friday, January 16th. UBS Group restated a “neutral” rating and issued a $87.00 price objective (up from $80.00) on shares of Global Payments in a report on Thursday, February 19th. Finally, The Goldman Sachs Group assumed coverage on shares of Global Payments in a report on Monday, March 9th. They issued a “hold” rating and a $88.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $88.77.

Global Payments Stock Up 5.2%

Shares of NYSE GPN traded up $3.28 during mid-day trading on Wednesday, hitting $65.98. 229,568 shares of the stock traded hands, compared to its average volume of 3,738,601. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.69 and a current ratio of 1.69. Global Payments has a 52 week low of $62.45 and a 52 week high of $90.96. The company has a market cap of $18.16 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 0.34 and a beta of 0.76. The stock has a fifty day moving average price of $71.89 and a 200-day moving average price of $77.10.

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

Hedge Funds Weigh In On Global Payments

Several institutional investors and hedge funds have recently modified their holdings of GPN. Norges Bank purchased a new position in Global Payments in the 4th quarter worth approximately $276,014,000. Balyasny Asset Management L.P. raised its holdings in Global Payments by 112.3% in the 3rd quarter. Balyasny Asset Management L.P. now owns 2,281,476 shares of the business services provider’s stock worth $189,545,000 after acquiring an additional 1,206,807 shares during the last quarter. Clearbridge Investments LLC raised its holdings in Global Payments by 5,710.5% in the 4th quarter. Clearbridge Investments LLC now owns 941,299 shares of the business services provider’s stock worth $72,857,000 after acquiring an additional 925,099 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Global Payments by 93.8% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,412,128 shares of the business services provider’s stock worth $109,299,000 after acquiring an additional 683,524 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Global Payments by 117.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,207,277 shares of the business services provider’s stock worth $93,443,000 after acquiring an additional 651,671 shares during the last quarter. 89.76% of the stock is currently owned by institutional investors.

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.