Global Payments (NYSE:GPN) Now Covered by Barclays

Barclays began coverage on shares of Global Payments (NYSE:GPN) in a research report report published on Wednesday, Marketbeat reports. The brokerage issued an equal weight rating and a $81.00 price objective on the business services provider’s stock.

A number of other equities analysts have also recently issued reports on the stock. Mizuho cut their price objective on shares of Global Payments from $125.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, March 26th. Deutsche Bank Aktiengesellschaft decreased their target price on Global Payments from $75.00 to $70.00 and set a “hold” rating for the company in a research report on Tuesday, June 9th. Stephens set a $80.00 price target on shares of Global Payments and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Cantor Fitzgerald dropped their price objective on Global Payments from $88.00 to $76.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Finally, Rothschild & Co Redburn cut their price target on Global Payments from $70.00 to $60.00 and set a “sell” rating for the company in a report on Tuesday, May 12th. Five equities research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $83.75.

Global Payments Stock Performance

Shares of GPN stock opened at $73.15 on Wednesday. Global Payments has a one year low of $61.16 and a one year high of $90.64. The business’s 50 day simple moving average is $70.05 and its 200 day simple moving average is $72.05. The stock has a market capitalization of $20.01 billion, a PE ratio of -35.86, a PEG ratio of 0.44 and a beta of 0.76. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.79 and a quick ratio of 0.79.

Global Payments (NYSE:GPN) last issued its quarterly earnings results on Wednesday, May 6th. The business services provider reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.82 by $0.14. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. The business had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter in the prior year, the firm posted $2.82 earnings per share. The business’s quarterly 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. As a group, research analysts forecast that Global Payments will post 13.86 earnings per share for the current year.

Global Payments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were given a $0.25 dividend. The ex-dividend date was Friday, June 12th. This represents a $1.00 annualized dividend and a yield of 1.4%. Global Payments’s payout ratio is -49.02%.

Institutional Investors Weigh In On Global Payments

A number of institutional investors have recently made changes to their positions in GPN. Strive Financial Group LLC bought a new stake in Global Payments in the fourth quarter valued at approximately $25,000. DV Equities LLC purchased a new stake in shares of Global Payments in the 4th quarter worth about $26,000. Johnson Financial Group Inc. purchased a new stake in Global Payments in the third quarter worth about $35,000. True Wealth Design LLC grew its stake in shares of Global Payments by 183.6% in the 4th quarter. True Wealth Design LLC now owns 431 shares of the business services provider’s stock worth $33,000 after buying an additional 279 shares during the last quarter. Finally, Torren Management LLC purchased a new position in shares of Global Payments in the 4th quarter worth about $34,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.

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.