Truist Financial Has Lowered Expectations for Global Payments (NYSE:GPN) Stock Price

Global Payments (NYSE:GPN) had its price target reduced by research analysts at Truist Financial from $81.00 to $76.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the business services provider’s stock. Truist Financial’s price target would indicate a potential upside of 10.87% from the company’s previous close.

A number of other brokerages also recently commented on GPN. Rothschild & Co Redburn lowered their price target on shares of Global Payments from $70.00 to $60.00 and set a “sell” rating for the company in a report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Global Payments from $80.00 to $75.00 in a report on Monday, May 11th. Weiss Ratings downgraded shares of Global Payments from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, May 11th. Royal Bank Of Canada dropped their price objective on shares of Global Payments from $97.00 to $82.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 8th. Finally, Argus dropped their price objective on shares of Global Payments from $100.00 to $95.00 in a research note on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Global Payments has a consensus rating of “Hold” and a consensus price target of $84.29.

Global Payments Price Performance

Shares of Global Payments stock traded down $0.12 on Tuesday, hitting $68.55. The company’s stock had a trading volume of 857,014 shares, compared to its average volume of 3,545,251. Global Payments has a 52-week low of $62.45 and a 52-week high of $90.64. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.86. The firm has a fifty day moving average price of $69.02 and a 200-day moving average price of $73.84. The company has a market capitalization of $18.75 billion, a P/E ratio of -33.55, a price-to-earnings-growth ratio of 0.38 and a beta of 0.75.

Global Payments (NYSE:GPN) last released its quarterly earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $0.14. The company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.81 billion. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. The firm’s revenue for the quarter was up 63.1% compared to the same quarter last year. During the same period last year, the company earned $2.82 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, equities research analysts expect that Global Payments will post 13.89 earnings per share for the current fiscal year.

Institutional Trading of Global Payments

Institutional investors and hedge funds have recently bought and sold shares of the business. Root Financial Partners LLC acquired a new stake in Global Payments during the 3rd quarter worth approximately $27,000. Strive Financial Group LLC acquired a new stake in Global Payments during the 4th quarter worth approximately $25,000. REAP Financial Group LLC acquired a new stake in Global Payments during the 3rd quarter worth approximately $28,000. DV Equities LLC acquired a new stake in Global Payments during the 4th quarter worth approximately $26,000. Finally, SouthState Bank Corp acquired a new stake in Global Payments during the 3rd quarter worth approximately $28,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

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.