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

Shares of Global Payments Inc. (NYSE:GPN) have earned an average rating of “Hold” from the twenty-seven research firms that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, nineteen have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $83.75.

A number of analysts have recently weighed in on the company. BMO Capital Markets initiated coverage on Global Payments in a research report on Tuesday, April 21st. They issued a “market perform” rating and a $76.00 price objective for the company. Argus cut their price objective on shares of Global Payments from $100.00 to $95.00 in a research note on Friday, May 8th. Wall Street Zen cut Global Payments from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Royal Bank Of Canada cut their price objective on shares of Global Payments from $97.00 to $82.00 and set a “sector perform” rating for the company in a report on Wednesday, April 8th. Finally, UBS Group reiterated a “neutral” rating and set a $80.00 target price on shares of Global Payments in a research report on Thursday, May 7th.

Global Payments Stock Performance

GPN stock opened at $73.15 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.79 and a quick ratio of 0.79. The business has a 50-day moving average price of $70.05 and a 200 day moving average price of $72.05. The company has a market capitalization of $20.01 billion, a P/E ratio of -35.86, a PEG ratio of 0.44 and a beta of 0.76. Global Payments has a 1-year low of $61.16 and a 1-year high of $90.64.

Global Payments (NYSE:GPN) last issued its earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $0.14. The company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.81 billion. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. The firm’s quarterly revenue was up 63.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.82 EPS. 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 13.86 EPS for the current fiscal year.

Global Payments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.4%. Global Payments’s payout ratio is currently -49.02%.

Institutional Trading of Global Payments

Several large investors have recently made changes to their positions in GPN. Westpac Banking Corp grew its holdings in shares of Global Payments by 5,795.1% during the fourth quarter. Westpac Banking Corp now owns 57,182 shares of the business services provider’s stock worth $4,426,000 after buying an additional 56,212 shares in the last quarter. Moore Capital Management LP lifted its stake in shares of Global Payments by 13.3% in the third quarter. Moore Capital Management LP now owns 231,200 shares of the business services provider’s stock worth $19,208,000 after buying an additional 27,200 shares in the last quarter. Invenomic Capital Management LP lifted its stake in shares of Global Payments by 11.1% in the third quarter. Invenomic Capital Management LP now owns 681,094 shares of the business services provider’s stock worth $56,585,000 after buying an additional 68,071 shares in the last quarter. Jain Global LLC acquired a new position in Global Payments during the third quarter worth about $10,656,000. Finally, LSV Asset Management boosted its position in Global Payments by 30.8% during the fourth quarter. LSV Asset Management now owns 448,100 shares of the business services provider’s stock worth $34,683,000 after acquiring an additional 105,500 shares during the last quarter. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

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.