Global Payments (GPN) Scheduled to Post Earnings on Wednesday

Global Payments (NYSE:GPNGet Free Report) is set to issue its 12/31/2023 quarterly earnings data before the market opens on Wednesday, February 14th. Analysts expect the company to announce earnings of $2.52 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Global Payments Stock Performance

Global Payments stock opened at $137.74 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.09 and a quick ratio of 1.09. Global Payments has a 1-year low of $94.05 and a 1-year high of $138.33. The firm has a market capitalization of $35.87 billion, a P/E ratio of 41.24, a price-to-earnings-growth ratio of 0.83 and a beta of 1.00. The company’s 50-day moving average is $129.36 and its 200 day moving average is $121.69.

Analyst Upgrades and Downgrades

GPN has been the topic of a number of recent analyst reports. StockNews.com raised shares of Global Payments from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Raymond James reduced their price objective on shares of Global Payments from $155.00 to $147.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 1st. KeyCorp upped their target price on shares of Global Payments from $135.00 to $155.00 and gave the stock an “overweight” rating in a research note on Monday, January 8th. BMO Capital Markets started coverage on shares of Global Payments in a research note on Tuesday, December 5th. They issued a “market perform” rating and a $138.00 target price on the stock. Finally, UBS Group restated a “neutral” rating and issued a $130.00 target price on shares of Global Payments in a research note on Friday, October 20th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.37.

Get Our Latest Report on Global Payments

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GPN. Norges Bank acquired a new position in Global Payments during the fourth quarter valued at $261,300,000. Nomura Holdings Inc. acquired a new position in Global Payments during the fourth quarter valued at $131,733,000. Morgan Stanley raised its position in shares of Global Payments by 50.0% in the fourth quarter. Morgan Stanley now owns 3,055,514 shares of the business services provider’s stock worth $303,474,000 after acquiring an additional 1,018,338 shares during the period. Bank of America Corp DE raised its position in shares of Global Payments by 24.8% in the first quarter. Bank of America Corp DE now owns 3,518,268 shares of the business services provider’s stock worth $370,263,000 after acquiring an additional 698,913 shares during the period. Finally, Schonfeld Strategic Advisors LLC raised its position in shares of Global Payments by 1,101.1% in the first quarter. Schonfeld Strategic Advisors LLC now owns 424,626 shares of the business services provider’s stock worth $44,688,000 after acquiring an additional 389,274 shares during the period. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Global Payments Company Profile

(Get Free Report)

Global Payments Inc provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Merchant Solutions, Issuer Solutions, and Consumer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services.

See Also

Earnings History for Global Payments (NYSE:GPN)

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