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

Global Payments (NYSE:GPN) had its target price decreased by Citigroup from $110.00 to $90.00 in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. Citigroup currently has a buy rating on the business services provider’s stock.

GPN has been the topic of a number of other reports. UBS Group reissued a “neutral” rating and set a $87.00 price target (up from $80.00) on shares of Global Payments in a research note on Thursday, February 19th. Keefe, Bruyette & Woods boosted their target price on shares of Global Payments from $87.00 to $90.00 and gave the stock a “market perform” rating in a report on Thursday, February 19th. Stephens dropped their price target on shares of Global Payments from $95.00 to $90.00 and set an “equal weight” rating for the company in a research note on Friday, January 16th. The Goldman Sachs Group assumed coverage on shares of Global Payments in a research note on Monday, March 9th. They set a “hold” rating and a $88.00 price target for the company. Finally, JPMorgan Chase & Co. cut their price target on shares of Global Payments from $95.00 to $90.00 and set a “neutral” rating on the stock in a report on Thursday, February 12th. Six investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Global Payments presently has an average rating of “Hold” and a consensus price target of $90.27.

Global Payments Stock Performance

NYSE GPN opened at $64.03 on Thursday. The firm’s fifty day moving average price is $72.32 and its two-hundred day moving average price is $77.47. The stock has a market cap of $17.62 billion, a PE ratio of 11.06, a PEG ratio of 0.34 and a beta of 0.76. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.69 and a current ratio of 1.69. Global Payments has a fifty-two week low of $62.70 and a fifty-two week high of $96.24.

Global Payments (NYSE:GPN) last announced its quarterly earnings results on Wednesday, February 18th. The business services provider reported $3.18 EPS for the quarter, beating analysts’ consensus estimates of $3.16 by $0.02. Global Payments had a return on equity of 12.72% and a net margin of 16.92%.The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the prior year, the company earned $2.85 EPS. Global Payments’s revenue was up 1.4% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, equities analysts expect that Global Payments will post 11.89 EPS for the current fiscal year.

Global Payments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Monday, March 9th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, March 9th. Global Payments’s dividend payout ratio is 17.27%.

Institutional Trading of Global Payments

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GPN. North Star Investment Management Corp. grew its stake in Global Payments by 242.2% in the third quarter. North Star Investment Management Corp. now owns 308 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 218 shares during the period. Root Financial Partners LLC acquired a new position in shares of Global Payments during the third quarter worth approximately $27,000. Strive Financial Group LLC acquired a new position in shares of Global Payments during the fourth quarter worth approximately $25,000. REAP Financial Group LLC bought a new position in shares of Global Payments in the 3rd quarter worth $28,000. Finally, DV Equities LLC acquired a new stake in Global Payments in the 4th quarter valued at $26,000. 89.76% of the stock is 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.