Global Payments (NYSE:GPN) Price Target Lowered to $75.00 at Deutsche Bank Aktiengesellschaft

Global Payments (NYSE:GPN) had its target price trimmed by Deutsche Bank Aktiengesellschaft from $80.00 to $75.00 in a research report released on Monday morning,MarketScreener reports.

Other research analysts have also recently issued reports about the stock. TD Cowen reduced their target price on shares of Global Payments from $91.00 to $86.00 and set a “hold” rating for the company in a research report on Tuesday, April 7th. Stephens set a $80.00 price target on shares of Global Payments and gave the stock an “equal weight” rating in a report on Thursday. BNP Paribas Exane dropped their price objective on Global Payments from $64.00 to $60.00 and set an “underperform” rating on the stock in a research note on Friday, April 10th. Citigroup reduced their price objective on Global Payments from $110.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Finally, Rothschild & Co Redburn decreased their target price on Global Payments from $70.00 to $60.00 and set a “sell” rating for the company in a research report on Tuesday. Four 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 company. Based on data from MarketBeat, Global Payments currently has a consensus rating of “Hold” and a consensus price target of $84.52.

Global Payments Stock Performance

Shares of NYSE GPN traded down $0.81 during mid-day trading on Monday, reaching $67.96. 204,459 shares of the company’s stock were exchanged, compared to its average volume of 3,580,570. The firm has a 50-day moving average price of $69.99 and a two-hundred day moving average price of $74.50. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.79 and a quick ratio of 1.69. The firm has a market capitalization of $18.71 billion, a price-to-earnings ratio of -33.35, a price-to-earnings-growth ratio of 0.39 and a beta of 0.75. Global Payments has a 52 week low of $62.45 and a 52 week high of $90.64.

Global Payments (NYSE:GPN) last posted its quarterly earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same quarter in the prior year, the business earned $2.82 earnings per share. The firm’s revenue for the quarter was up 63.1% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Analysts predict that Global Payments will post 13.85 EPS for the current year.

Global Payments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, June 12th. Global Payments’s payout ratio is -49.02%.

Hedge Funds Weigh In On Global Payments

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Independent Advisor Alliance raised its stake in Global Payments by 260.5% in the third quarter. Independent Advisor Alliance now owns 29,446 shares of the business services provider’s stock valued at $2,446,000 after purchasing an additional 21,278 shares in the last quarter. BIP Wealth LLC grew its stake in Global Payments by 151.6% in the 3rd quarter. BIP Wealth LLC now owns 30,103 shares of the business services provider’s stock worth $2,501,000 after buying an additional 18,138 shares in the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of Global Payments in the 3rd quarter worth $905,000. Moore Capital Management LP increased its holdings in shares of Global Payments by 13.3% in the 3rd 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 during the last quarter. Finally, Convergence Investment Partners LLC purchased a new stake in shares of Global Payments during the 3rd quarter valued at $1,024,000. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

More Global Payments News

Here are the key news stories impacting Global Payments this week:

• Neutral Sentiment: Cantor Fitzgerald cut its price target on Global Payments to $76 from $88 and kept a neutral rating, signaling reduced conviction even though the new target still implies some upside from recent trading levels. Global Payments (NYSE:GPN) Price Target Lowered to $76.00 at Cantor Fitzgerald
• Neutral Sentiment: UBS maintained a hold rating on GPN, adding to the cautious analyst tone that can limit enthusiasm for the stock in the short term. UBS Remains a Hold on Global Payments (GPN)
• Neutral Sentiment: Stephens also kept a hold rating on Global Payments, reinforcing the view that analysts see limited near-term catalysts. Global Payments (GPN) Gets a Hold from Stephens
• Neutral Sentiment: Argus lowered its price target to $95, another sign that Wall Street expectations are becoming more conservative for Global Payments. Argus Cuts Global Payments (NYSE:GPN) Price Target to $95.00
• Positive Sentiment: Articles highlighting Larry Robbins buying Global Payments suggest some hedge fund managers still see value in the stock despite recent weakness. Global Payments Inc. (GPN): Larry Robbins Is Buying This Stock
• Positive Sentiment: Longer-term optimism remains tied to digital commerce and open banking trends, which could support growth for Global Payments’ Worldpay unit and other payment businesses. Global Payments’ Worldpay Taps European Open Banking Rails For Future Growth
• Positive Sentiment: Broader commentary on digital commerce trends suggests payment stocks may benefit if consumer and merchant spending continues shifting online. Could Digital Commerce Trends Lift S&P 500 Payment Stocks?

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.