Global Payments Inc. (NYSE:GPN) Receives $84.73 Average PT from Analysts

Global Payments Inc. (NYSE:GPN) has been given a consensus recommendation of “Hold” by the twenty-five research firms that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $84.7273.

Several equities analysts have recently commented on the stock. Citigroup lowered their price target on shares of Global Payments from $110.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Weiss Ratings cut shares of Global Payments from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, May 11th. Royal Bank Of Canada lowered their price target on shares of Global Payments from $97.00 to $82.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Global Payments from $75.00 to $70.00 and set a “hold” rating on the stock in a report on Tuesday, June 9th. Finally, Cantor Fitzgerald lowered their price target on shares of Global Payments from $88.00 to $76.00 and set a “neutral” rating on the stock in a report on Monday, May 11th.

Hedge Funds Weigh In On Global Payments

Institutional investors and hedge funds have recently modified their holdings of the stock. Strive Financial Group LLC purchased a new position in shares of Global Payments during the 4th quarter valued at $25,000. DV Equities LLC purchased a new position in shares of Global Payments during the 4th quarter valued at $26,000. Johnson Financial Group Inc. acquired a new stake in shares of Global Payments in the 3rd quarter valued at $35,000. True Wealth Design LLC lifted its stake in shares of Global Payments by 183.6% in the 4th quarter. True Wealth Design LLC now owns 431 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 279 shares during the last quarter. Finally, Torren Management LLC acquired a new stake in shares of Global Payments in the 4th quarter valued at $34,000. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

Global Payments Trading Up 1.8%

NYSE GPN opened at $68.69 on Friday. Global Payments has a twelve month low of $61.16 and a twelve month high of $90.64. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market cap of $18.79 billion, a price-to-earnings ratio of -33.67, a PEG ratio of 0.38 and a beta of 0.76. The firm’s 50 day moving average price is $69.15 and its two-hundred day moving average price is $72.99.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Wednesday, May 6th. The business services provider reported $2.96 earnings per share for the quarter, topping 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 firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same period in the previous year, the company posted $2.82 EPS. The company’s quarterly revenue was up 63.1% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Equities analysts anticipate that Global Payments will post 13.88 EPS for the current year.

Global Payments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, June 12th. Global Payments’s payout ratio is currently -49.02%.

About Global Payments

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.