Global Payments Inc. (NYSE:GPN) Receives Average Recommendation of “Hold” from Analysts

Global Payments Inc. (NYSE:GPN) has received an average recommendation of “Hold” from the twenty-five ratings firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, seventeen have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $84.7273.

GPN has been the subject of several analyst reports. BMO Capital Markets initiated coverage on Global Payments in a research note on Tuesday, April 21st. They issued a “market perform” rating and a $76.00 target price for the company. BNP Paribas Exane cut their target price on Global Payments from $64.00 to $60.00 and set an “underperform” rating for the company in a research note on Friday, April 10th. Royal Bank Of Canada cut their target price on Global Payments from $97.00 to $82.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 8th. Rothschild & Co Redburn cut their target price on Global Payments from $70.00 to $60.00 and set a “sell” rating for the company in a research note on Tuesday, May 12th. Finally, Stephens set a $80.00 price target on Global Payments and gave the company an “equal weight” rating in a report on Thursday, May 7th.

Institutional Trading of Global Payments

Several institutional investors and hedge funds have recently modified their holdings of GPN. Gtcr LLC purchased a new stake in shares of Global Payments in the 1st quarter valued at about $2,911,939,000. Norges Bank purchased a new stake in shares of Global Payments in the 4th quarter valued at about $276,014,000. Balyasny Asset Management L.P. raised its holdings in shares of Global Payments by 112.3% in the 3rd quarter. Balyasny Asset Management L.P. now owns 2,281,476 shares of the business services provider’s stock valued at $189,545,000 after acquiring an additional 1,206,807 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of Global Payments by 5,710.5% in the 4th quarter. Clearbridge Investments LLC now owns 941,299 shares of the business services provider’s stock valued at $72,857,000 after acquiring an additional 925,099 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Global Payments by 93.8% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,412,128 shares of the business services provider’s stock valued at $109,299,000 after acquiring an additional 683,524 shares in the last quarter. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Global Payments Stock Up 3.5%

Shares of NYSE GPN opened at $67.72 on Friday. Global Payments has a 52 week low of $61.16 and a 52 week high of $90.64. The business has a 50-day simple moving average of $68.99 and a two-hundred day simple moving average of $73.08. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.86. The company has a market cap of $18.52 billion, a P/E ratio of -33.19, a P/E/G ratio of 0.38 and a beta of 0.76.

Global Payments (NYSE:GPN) last issued its earnings results on Wednesday, May 6th. The business services provider reported $2.96 EPS for the quarter, topping the consensus estimate of $2.82 by $0.14. Global Payments had a positive return on equity of 13.11% and a negative net margin of 7.99%.The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter last year, the company earned $2.82 EPS. The firm’s revenue was up 63.1% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Research analysts anticipate that Global Payments will post 13.88 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.00 annualized dividend and a dividend yield of 1.5%. Global Payments’s dividend payout ratio (DPR) is presently -49.02%.

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.