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

Shares of Global Payments Inc. (NYSE:GPN) have earned an average rating of “Hold” from the twenty-six ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $98.6190.

Several brokerages have recently issued reports on GPN. Evercore ISI cut their target price on shares of Global Payments from $90.00 to $85.00 in a report on Tuesday, November 11th. Deutsche Bank Aktiengesellschaft started coverage on shares of Global Payments in a research report on Wednesday, January 14th. They set a “hold” rating and a $80.00 price target for the company. Jefferies Financial Group decreased their price objective on shares of Global Payments from $85.00 to $75.00 and set a “hold” rating on the stock in a research report on Monday, November 24th. Raymond James Financial reaffirmed an “outperform” rating and set a $105.00 price objective on shares of Global Payments in a research note on Tuesday, November 4th. Finally, Citigroup raised Global Payments to a “strong-buy” rating in a research note on Thursday, October 23rd.

Global Payments Stock Down 1.6%

GPN opened at $73.82 on Thursday. Global Payments has a 12 month low of $65.93 and a 12 month high of $114.17. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.57. The business’s 50-day moving average price is $77.64 and its 200-day moving average price is $81.86. The company has a market cap of $17.48 billion, a P/E ratio of 10.37, a P/E/G ratio of 0.48 and a beta of 0.79.

Global Payments (NYSE:GPN) last issued its earnings results on Tuesday, November 4th. The business services provider reported $3.26 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.03. The company had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Global Payments had a return on equity of 12.66% and a net margin of 19.68%.During the same period in the prior year, the business posted $3.08 EPS. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. On average, equities analysts expect that Global Payments will post 11.89 EPS for the current year.

Global Payments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Friday, December 12th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, December 12th. Global Payments’s dividend payout ratio (DPR) is currently 14.04%.

Insider Activity at Global Payments

In related news, Director Patricia A. Watson acquired 1,331 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was acquired at an average cost of $75.06 per share, for a total transaction of $99,904.86. Following the acquisition, the director owned 2,651 shares of the company’s stock, valued at $198,984.06. This trade represents a 100.83% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP David M. Sheffield sold 2,016 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $81.41, for a total transaction of $164,122.56. Following the completion of the sale, the executive vice president directly owned 14,438 shares of the company’s stock, valued at approximately $1,175,397.58. This represents a 12.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have purchased 14,723 shares of company stock valued at $1,186,772 and have sold 18,080 shares valued at $1,439,350. Insiders own 1.01% of the company’s stock.

Hedge Funds Weigh In On Global Payments

Institutional investors have recently bought and sold shares of the stock. North Star Investment Management Corp. boosted its position in Global Payments by 242.2% during the 3rd quarter. North Star Investment Management Corp. now owns 308 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 218 shares in the last quarter. Root Financial Partners LLC bought a new position in shares of Global Payments in the 3rd quarter worth approximately $27,000. REAP Financial Group LLC purchased a new position in shares of Global Payments in the 3rd quarter valued at approximately $28,000. SouthState Bank Corp bought a new stake in shares of Global Payments during the third quarter valued at approximately $28,000. Finally, LRI Investments LLC boosted its position in shares of Global Payments by 53.4% during the second quarter. LRI Investments LLC now owns 382 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 133 shares in the last quarter. 89.76% of the stock is owned by institutional investors.

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.