Stephens Cuts Global Payments (NYSE:GPN) Price Target to $90.00

Global Payments (NYSE:GPNFree Report) had its price objective trimmed by Stephens from $95.00 to $90.00 in a report published on Friday,MarketScreener reports. The brokerage currently has an equal weight rating on the business services provider’s stock.

A number of other brokerages have also recently issued reports on GPN. Seaport Res Ptn upgraded shares of Global Payments from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 14th. TD Cowen cut their price target on Global Payments from $95.00 to $90.00 and set a “hold” rating for the company in a research note on Monday, January 12th. Evercore ISI decreased their price objective on Global Payments from $90.00 to $85.00 in a report on Tuesday, November 11th. Jefferies Financial Group lowered their price objective on Global Payments from $85.00 to $75.00 and set a “hold” rating for the company in a research note on Monday, November 24th. Finally, Cowen reaffirmed a “hold” rating on shares of Global Payments in a research report on Wednesday, November 5th. Three research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $98.62.

Check Out Our Latest Stock Analysis on GPN

Global Payments Trading Down 1.6%

Shares of Global Payments stock opened at $73.82 on Friday. The stock has a market capitalization of $17.48 billion, a PE ratio of 10.37, a price-to-earnings-growth ratio of 0.62 and a beta of 0.79. Global Payments has a 52 week low of $65.93 and a 52 week high of $114.17. The stock has a 50 day moving average price of $77.68 and a two-hundred day moving average price of $81.92. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.85 and a current ratio of 0.85.

Global Payments (NYSE:GPNGet Free Report) last issued its earnings results on Tuesday, November 4th. The business services provider reported $3.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.23 by $0.03. Global Payments had a return on equity of 12.66% and a net margin of 19.68%.The company had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period last year, the business earned $3.08 EPS. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. As a group, equities analysts anticipate that Global Payments will post 11.89 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 12th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, December 12th. Global Payments’s dividend payout ratio (DPR) is presently 14.04%.

Insider Buying and Selling at Global Payments

In other Global Payments news, insider David Lawrence Green sold 11,600 shares of the business’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $79.99, for a total value of $927,884.00. Following the transaction, the insider owned 68,096 shares of the company’s stock, valued at approximately $5,446,999.04. The trade was a 14.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David M. Sheffield sold 2,016 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $81.41, for a total value of $164,122.56. Following the sale, the executive vice president directly owned 14,438 shares of the company’s stock, valued at approximately $1,175,397.58. This represents a 12.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders purchased 14,723 shares of company stock valued at $1,186,772 and sold 18,080 shares valued at $1,439,350. 1.01% of the stock is owned by insiders.

Institutional Trading of Global Payments

Several hedge funds have recently added to or reduced their stakes in the stock. Perigon Wealth Management LLC increased its stake in shares of Global Payments by 31.7% during the 4th quarter. Perigon Wealth Management LLC now owns 3,660 shares of the business services provider’s stock worth $283,000 after purchasing an additional 882 shares during the last quarter. Formidable Asset Management LLC bought a new position in Global Payments during the fourth quarter valued at $397,000. Abacus Planning Group Inc. bought a new position in Global Payments during the fourth quarter valued at $212,000. Tema Etfs LLC increased its position in Global Payments by 12.3% in the fourth quarter. Tema Etfs LLC now owns 4,329 shares of the business services provider’s stock worth $335,000 after buying an additional 473 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of Global Payments by 7.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 86,579 shares of the business services provider’s stock valued at $6,701,000 after buying an additional 6,036 shares during the period. Institutional investors own 89.76% of the company’s stock.

Global Payments News Roundup

Here are the key news stories impacting Global Payments this week:

Global Payments Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Global Payments (NYSE:GPN)

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