Global Payments (NYSE:GPN) Stock Gets Price Target Trim from Truist Financial

Global Payments (NYSE:GPN) had its target price reduced by Truist Financial from $95.00 to $86.00 in a report released on Friday,Benzinga reports. Truist Financial currently has a hold rating on the business services provider’s stock.

Several other research firms have also recently issued reports on GPN. HC Wainwright initiated coverage on shares of Global Payments in a research report on Thursday, August 6th. They set a “buy” rating for the company. Loop Capital initiated coverage on shares of Global Payments in a report on Thursday, September 24th. They issued a “buy” rating and a $137.00 target price on the stock. Robert W. Baird set a $120.00 target price on shares of Global Payments in a report on Thursday, August 6th. UBS Group started coverage on shares of Global Payments in a research note on Thursday, August 6th. They issued a “buy” rating for the company. Finally, TD Cowen raised their price target on shares of Global Payments from $90.00 to $95.00 and gave the stock a “hold” rating in a report on Wednesday, August 26th. Thirteen research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $95.87.

Global Payments Stock Up 0.1%

Shares of NYSE:GPN opened at $82.88 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.90. The business has a fifty day moving average of $86.90 and a two-hundred day moving average of $78.39. The stock has a market cap of $21.93 billion, a P/E ratio of -27.81, a PEG ratio of 0.40 and a beta of 0.80. Global Payments has a 52-week low of $61.16 and a 52-week high of $95.88.

Global Payments (NYSE:GPN) last issued its earnings results on Wednesday, August 5th. The business services provider reported $3.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.44 by $0.02. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same period last year, the company earned $3.10 EPS. The company’s revenue for the quarter was up 68.6% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. On average, research analysts expect that Global Payments will post 13.64 earnings per share for the current year.

Global Payments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, September 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.2%. Global Payments’s dividend payout ratio is currently -33.56%.

Institutional Trading of Global Payments

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Western Wealth Management LLC acquired a new position in Global Payments in the first quarter valued at about $34,000. Nvwm LLC purchased a new position in Global Payments during the third quarter worth about $41,000. Root Financial Partners LLC increased its position in shares of Global Payments by 209.8% during the first quarter. Root Financial Partners LLC now owns 725 shares of the business services provider’s stock valued at $49,000 after acquiring an additional 491 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Global Payments by 48.5% during the first quarter. Geneos Wealth Management Inc. now owns 765 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 250 shares during the last quarter. Finally, Fortitude Family Office LLC increased its position in shares of Global Payments by 365.7% during the third quarter. Fortitude Family Office LLC now owns 624 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 490 shares during the last quarter. 89.76% of the stock is owned by institutional investors and hedge funds.

About Global Payments

Global Payments Inc (NYSE:GPN) is a financial technology and payments company that provides software and payment solutions to businesses, financial institutions and other organizations. Its services help merchants accept payments through credit cards, debit cards, digital wallets and other electronic methods across in-store, online and mobile channels.

The company offers payment processing, point-of-sale technology, commerce management software, payment security and reporting tools. Its solutions are used in industries including retail, restaurants, hospitality, healthcare, education and government.