Global Payments (NYSE:GPN) Reaches New 1-Year Low After Analyst Downgrade

Global Payments Inc. (NYSE:GPN)’s share price hit a new 52-week low during trading on Friday after Mizuho lowered their price target on the stock from $125.00 to $110.00. Mizuho currently has an outperform rating on the stock. Global Payments traded as low as $65.82 and last traded at $65.7540, with a volume of 2351301 shares trading hands. The stock had previously closed at $69.97.

GPN has been the topic of a number of other reports. Cantor Fitzgerald restated a “neutral” rating and set a $88.00 target price (up from $80.00) on shares of Global Payments in a research report on Monday, February 23rd. UBS Group reiterated a “neutral” rating and issued a $87.00 price target (up from $80.00) on shares of Global Payments in a research report on Thursday, February 19th. Wells Fargo & Company increased their price target on shares of Global Payments from $103.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. BNP Paribas Exane raised their price objective on shares of Global Payments from $73.00 to $76.00 and gave the stock an “underperform” rating in a research report on Thursday, February 19th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Global Payments from $95.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Global Payments has a consensus rating of “Hold” and a consensus price target of $91.18.

Hedge Funds Weigh In On Global Payments

A number of large investors have recently bought and sold shares of GPN. Strive Financial Group LLC purchased a new stake in shares of Global Payments in the fourth quarter valued at about $25,000. North Star Investment Management Corp. raised its holdings in Global Payments by 242.2% during the third quarter. North Star Investment Management Corp. now owns 308 shares of the business services provider’s stock worth $26,000 after purchasing an additional 218 shares in the last quarter. DV Equities LLC purchased a new position in Global Payments during the fourth quarter worth about $26,000. Root Financial Partners LLC acquired a new stake in Global Payments in the third quarter valued at about $27,000. Finally, SouthState Bank Corp acquired a new stake in Global Payments in the third quarter valued at about $28,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Global Payments Stock Performance

The stock’s 50-day moving average is $73.18 and its 200 day moving average is $78.16. The stock has a market cap of $18.16 billion, a price-to-earnings ratio of 11.39, a P/E/G ratio of 0.36 and a beta of 0.73. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.69 and a quick ratio of 1.69.

Global Payments (NYSE:GPN) last released its earnings results on Wednesday, February 18th. The business services provider reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.16 by $0.02. The company had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.32 billion. Global Payments had a return on equity of 12.72% and a net margin of 16.92%.The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.85 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. As a group, analysts predict that Global Payments Inc. will post 11.89 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 9th will be given a $0.25 dividend. The ex-dividend date is Monday, March 9th. This represents a $1.00 annualized dividend and a yield of 1.5%. Global Payments’s dividend payout ratio is presently 17.27%.

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.