Atlanta, Georgia-based Global Payments Inc. (GPN) provides payment technology and software solutions for card, check, and digital payments. With a market cap of $18.2 billion, Global Payments operates through Merchant Solutions and Issuer Solutions segments.

Companies worth $10 billion or more are generally described as "large-cap stocks." Global Payments fits the bill perfectly, showcasing its substantial size, importance, and influence in the cashless payments space.

Despite its strengths, GPN stock has plummeted 36% from its 52-week high of $120 touched on Nov. 29, 2024. Meanwhile, the GPN stock has plunged 18.5% over the past three months, underperforming the industry-focused GX Fintech ETF’s (FINX) 13.9% returns during the same time frame.

GPN’s performance looks even grimmer over the longer term. GPN stock has dropped 31.4% on a YTD basis and 18.4% over the past 52 weeks, significantly underperforming FINX’s 3% gains on a YTD basis and 28.9% surge over the past year.

To confirm its bearish trend, GPN stock has remained below its 50-day moving average since January and below its 200-day moving average since mid-February.

Global Payments’ stock prices observed a marginal uptick following the release of its better-than-expected Q1 results on May 6. While the company’s revenues for the quarter dropped by a marginal 33 bps year-over-year to $2.4 billion, it was up by 5% on a constant currency basis and surpassed the consensus estimates by a small margin.

On a more positive note, the company observed a slight expansion in margins and registered a decline in the number of outstanding dilutive securities. This resulted in a 14.6% year-over-year increase in adjusted EPS (excluding share-based compensation) to $2.82, surpassing the Street’s expectations.

Meanwhile, the stock has notably underperformed its peer Paychex, Inc.’s (PAYX) 9.6% gains on a YTD basis and 26% surge over the past year.

Among the 34 analysts covering the GPN stock, the consensus rating is a “Moderate Buy.” Its mean price target of $101.79 indicates a notable 32.5% upside potential from current price levels.