Global Payments (NYSE:GPN) Rating Lowered to Hold at StockNews.com

Global Payments (NYSE:GPN) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

Other equities analysts have also issued reports about the company. BNP Paribas upgraded Global Payments to a “strong sell” rating in a report on Wednesday, September 4th. Barclays decreased their target price on Global Payments from $145.00 to $120.00 and set an “overweight” rating on the stock in a research report on Monday, September 30th. Sanford C. Bernstein lowered Global Payments from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $135.00 to $112.00 in a research note on Tuesday, October 22nd. B. Riley dropped their target price on Global Payments from $204.00 to $194.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. Finally, Monness Crespi & Hardt reduced their price objective on shares of Global Payments from $165.00 to $155.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $136.57.

Global Payments Trading Up 1.4 %

NYSE:GPN opened at $116.46 on Wednesday. The company has a market capitalization of $29.64 billion, a P/E ratio of 21.93, a P/E/G ratio of 0.88 and a beta of 0.97. The stock’s 50 day moving average price is $105.73 and its 200 day moving average price is $103.51. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93. Global Payments has a 52 week low of $91.60 and a 52 week high of $141.77.

Hedge Funds Weigh In On Global Payments

A number of large investors have recently made changes to their positions in the company. Acadian Asset Management LLC bought a new position in Global Payments in the 1st quarter valued at $166,000. Bessemer Group Inc. increased its holdings in Global Payments by 0.8% during the first quarter. Bessemer Group Inc. now owns 41,874 shares of the business services provider’s stock valued at $5,597,000 after buying an additional 321 shares during the period. MQS Management LLC purchased a new position in shares of Global Payments in the 1st quarter valued at $289,000. EntryPoint Capital LLC purchased a new stake in shares of Global Payments during the 1st quarter worth $106,000. Finally, Sheaff Brock Investment Advisors LLC bought a new position in Global Payments in the first quarter worth about $898,000. 89.76% of the stock is owned by hedge funds and other institutional investors.

Global Payments Company Profile

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.