Global Payments (NYSE:GPN) Given New $155.00 Price Target at The Goldman Sachs Group

Global Payments (NYSE:GPN) had its price objective lifted by stock analysts at The Goldman Sachs Group from $135.00 to $155.00 in a report released on Monday,Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. The Goldman Sachs Group’s price target would suggest a potential upside of 31.09% from the stock’s previous close.

Several other analysts also recently weighed in on GPN. Morgan Stanley lowered their target price on Global Payments from $164.00 to $156.00 and set an “overweight” rating for the company in a research note on Wednesday, September 25th. Oppenheimer began coverage on shares of Global Payments in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. TD Cowen reduced their price target on shares of Global Payments from $125.00 to $122.00 and set a “buy” rating on the stock in a research report on Wednesday, September 25th. BTIG Research cut shares of Global Payments from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 25th. Finally, B. Riley reduced their price target on shares of Global Payments from $204.00 to $194.00 and set a “buy” rating on the stock in a research report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, Global Payments currently has an average rating of “Moderate Buy” and a consensus price target of $137.41.

Global Payments Stock Down 0.6 %

Global Payments stock traded down $0.72 during trading on Monday, reaching $118.24. 525,224 shares of the company’s stock were exchanged, compared to its average volume of 2,269,930. Global Payments has a 52-week low of $91.60 and a 52-week high of $141.77. The firm has a market cap of $30.09 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 0.91 and a beta of 0.97. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93. The company’s 50-day moving average is $106.57 and its two-hundred day moving average is $103.76.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Cromwell Holdings LLC bought a new position in Global Payments in the 3rd quarter worth $25,000. Beaird Harris Wealth Management LLC bought a new position in Global Payments in the 3rd quarter worth $25,000. POM Investment Strategies LLC bought a new position in shares of Global Payments during the 2nd quarter worth about $32,000. Capital Performance Advisors LLP bought a new position in shares of Global Payments during the 3rd quarter worth about $33,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Global Payments by 59.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 383 shares of the business services provider’s stock worth $39,000 after purchasing an additional 143 shares during the period. Institutional investors own 89.76% of the company’s stock.

About Global Payments

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 two segments, Merchant Solutions and Issuer 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.