Global Payments Inc. (NYSE:GPN) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Global Payments Inc. (NYSE:GPN) have been given an average recommendation of “Hold” by the twenty-three research firms that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $84.2857.

Several equities analysts recently weighed in on the stock. TD Cowen decreased their target price on shares of Global Payments from $91.00 to $86.00 and set a “hold” rating for the company in a research note on Tuesday, April 7th. Wall Street Zen raised shares of Global Payments from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Zacks Research cut shares of Global Payments from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Stephens set a $80.00 target price on shares of Global Payments and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Finally, BNP Paribas Exane decreased their target price on shares of Global Payments from $64.00 to $60.00 and set an “underperform” rating for the company in a research note on Friday, April 10th.

Hedge Funds Weigh In On Global Payments

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Independent Advisor Alliance boosted its position in Global Payments by 260.5% during the third quarter. Independent Advisor Alliance now owns 29,446 shares of the business services provider’s stock worth $2,446,000 after purchasing an additional 21,278 shares during the period. BIP Wealth LLC boosted its position in Global Payments by 151.6% during the third quarter. BIP Wealth LLC now owns 30,103 shares of the business services provider’s stock worth $2,501,000 after purchasing an additional 18,138 shares during the period. Atlantic Union Bankshares Corp bought a new position in Global Payments during the third quarter worth $905,000. Moore Capital Management LP boosted its position in Global Payments by 13.3% during the third quarter. Moore Capital Management LP now owns 231,200 shares of the business services provider’s stock worth $19,208,000 after purchasing an additional 27,200 shares during the period. Finally, LSV Asset Management boosted its position in Global Payments by 22.7% during the third quarter. LSV Asset Management now owns 342,600 shares of the business services provider’s stock worth $28,463,000 after purchasing an additional 63,400 shares during the period. 89.76% of the stock is owned by institutional investors.

Global Payments Price Performance

Shares of GPN opened at $73.40 on Wednesday. The stock has a market capitalization of $20.08 billion, a P/E ratio of -35.98, a P/E/G ratio of 0.41 and a beta of 0.75. Global Payments has a twelve month low of $62.45 and a twelve month high of $90.64. The company has a 50 day moving average of $68.91 and a 200-day moving average of $73.56. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.86.

Global Payments (NYSE:GPN) last released its earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.14. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. The business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same period last year, the business earned $2.82 earnings per share. The firm’s revenue was up 63.1% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. As a group, equities research analysts forecast that Global Payments will post 13.89 EPS for the current fiscal year.

Global Payments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.00 annualized dividend and a dividend yield of 1.4%. Global Payments’s dividend payout ratio (DPR) is currently -49.02%.

Global Payments Company Profile

Global Payments Inc (NYSE: GPN) is a worldwide provider of payment technology and software solutions that enables commerce for merchants, issuers and enterprises. The company develops and operates payment processing networks, point-of-sale systems and cloud-based software that facilitate electronic transactions across in-store, online and mobile channels. Its services span merchant acquiring, payment gateway services, omnichannel commerce platforms, and solutions for recurring and subscription billing.

Global Payments offers a range of products and services including integrated payment terminals and point-of-sale software, e-commerce and gateway technologies, fraud prevention and tokenization tools, and business analytics and reporting.