Global Payments shares hit 52-week high amid analyst upgrades

Global Payments Inc. (NYSE:GPN) reached a new 52-week high, with shares trading as high as $91.98. Following this performance, several research firms issued updated ratings and price targets. Morgan Stanley reaffirmed an “overweight” rating with a $103.00 target, while Wolfe Research upgraded the stock to “outperform” with a $110.00 objective. Additionally, UBS Group, TD Cowen, and Susquehanna have issued positive outlooks, though Deutsche Bank maintains a “hold” rating.

Institutional activity regarding the company has been mixed. Handelsbanken Fonder AB reduced its position in Global Payments by 30.6% during the second quarter, leaving the fund with 61,750 shares. Conversely, other institutional investors have adjusted their stakes, including Glenview Capital Management LLC, which increased its holdings by 13.8% in the second quarter, and Pzena Investment Management LLC, which grew its position by 1.8% in the first quarter.