Global Payments (NYSE:GPN) Price Target Raised to $95.00

Global Payments (NYSE:GPN) had its target price boosted by TD Cowen from $90.00 to $95.00 in a research report released on Wednesday morning,Benzinga reports. TD Cowen currently has a hold rating on the business services provider’s stock.

Several other equities research analysts have also recently commented on the company. Zacks Research cut Global Payments from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Stephens set a $80.00 price target on Global Payments and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Cantor Fitzgerald decreased their price target on Global Payments from $88.00 to $76.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Wall Street Zen lowered Global Payments from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Finally, Citigroup reiterated a “buy” rating on shares of Global Payments in a research report on Thursday, August 6th. Nine research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $92.36.

Global Payments Price Performance

Shares of GPN stock opened at $91.86 on Wednesday. Global Payments has a 1 year low of $61.16 and a 1 year high of $95.88. The firm’s 50 day moving average is $82.35 and its 200-day moving average is $74.64. The firm has a market capitalization of $24.31 billion, a price-to-earnings ratio of -30.83, a PEG ratio of 0.53 and a beta of 0.74. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.90.

Global Payments (NYSE:GPN) last issued its quarterly earnings results on Wednesday, August 5th. The business services provider reported $3.46 earnings per share for the quarter, beating analysts’ consensus estimates of $3.44 by $0.02. Global Payments had a negative net margin of 9.16% and a positive return on equity of 13.80%. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same quarter last year, the business posted $3.10 earnings per share. Global Payments’s revenue for the quarter was up 68.6% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. Sell-side analysts forecast that Global Payments will post 13.66 EPS for the current fiscal year.

Global Payments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, September 11th. This represents a $1.00 annualized dividend and a dividend yield of 1.1%. Global Payments’s payout ratio is presently -33.56%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BI Asset Management Fondsmaeglerselskab A S increased its holdings in Global Payments by 1.6% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 10,260 shares of the business services provider’s stock valued at $794,000 after purchasing an additional 163 shares during the last quarter. Southern Financial Group LLC boosted its holdings in Global Payments by 5.1% during the first quarter. Southern Financial Group LLC now owns 3,651 shares of the business services provider’s stock worth $246,000 after buying an additional 178 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Global Payments by 0.6% during the third quarter. Van ECK Associates Corp now owns 30,262 shares of the business services provider’s stock worth $2,514,000 after buying an additional 187 shares during the last quarter. New Mexico Educational Retirement Board grew its position in shares of Global Payments by 1.8% during the 4th quarter. New Mexico Educational Retirement Board now owns 11,248 shares of the business services provider’s stock worth $871,000 after buying an additional 200 shares during the period. Finally, Dempze Nancy E increased its stake in shares of Global Payments by 1.5% in the 4th quarter. Dempze Nancy E now owns 13,500 shares of the business services provider’s stock valued at $1,045,000 after acquiring an additional 200 shares during the last quarter. 89.76% of the stock is currently owned by institutional investors.

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.