StockNews.com Downgrades Global Payments (NYSE:GPN) to Hold

Global Payments (NYSE:GPN - Get Free Report) was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a report issued on Wednesday.

Other analysts also recently issued research reports about the stock. Oppenheimer assumed coverage on shares of Global Payments in a research report on Tuesday, October 1st. They set a "market perform" rating for the company. Stephens cut their target price on shares of Global Payments from $130.00 to $125.00 and set an "overweight" rating on the stock in a research note on Friday, October 18th. TD Cowen decreased their price target on shares of Global Payments from $125.00 to $122.00 and set a "buy" rating for the company in a research report on Wednesday, September 25th. Susquehanna reissued a "positive" rating and issued a $147.00 price objective on shares of Global Payments in a research report on Tuesday, September 17th. Finally, Morgan Stanley decreased their target price on Global Payments from $164.00 to $156.00 and set an "overweight" rating for the company in a research report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $136.50.

Global Payments Trading Up 0.1 %

Global Payments stock traded up $0.11 during trading on Wednesday, reaching $114.83. The company had a trading volume of 1,718,141 shares, compared to its average volume of 2,292,324. Global Payments has a 12-month low of $91.60 and a 12-month high of $141.77. 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 stock's 50 day moving average price is $105.59 and its two-hundred day moving average price is $103.42. The firm has a market capitalization of $29.22 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 0.89 and a beta of 0.97.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GPN. Cromwell Holdings LLC bought a new stake in shares of Global Payments in the third quarter valued at about $25,000. New Covenant Trust Company N.A. bought a new stake in shares of Global Payments in the 1st quarter worth approximately $31,000. LRI Investments LLC acquired a new stake in shares of Global Payments during the 1st quarter worth approximately $32,000. POM Investment Strategies LLC bought a new stake in shares of Global Payments during the second quarter valued at approximately $32,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Global Payments in the third quarter valued at $33,000. 89.76% of the stock is owned by institutional investors.

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.