Global Payments (NYSE:GPN) Hits New 1-Year Low Following Analyst Downgrade

Global Payments Inc. (NYSE:GPN)’s stock 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. The stock had previously closed at $69.97.

Other equities research analysts have also recently issued reports about the company. Raymond James Financial cut Global Payments from an “outperform” rating to a “market perform” rating in a research note on Thursday. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $97.00 price target (up from $95.00) on shares of Global Payments in a research note on Thursday, February 19th. 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. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Global Payments in a research note on Wednesday, January 14th. They set a “hold” rating and a $80.00 price objective on the stock. Finally, Truist Financial set a $85.00 target price on shares of Global Payments in a research note on Tuesday, January 20th. One investment 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Global Payments has an average rating of “Hold” and a consensus price target of $91.18.

Institutional Investors Weigh In On Global Payments

Several large investors have recently made changes to their positions in the stock. Thomasville National Bank raised its holdings in shares of Global Payments by 0.7% during the third quarter. Thomasville National Bank now owns 17,848 shares of the business services provider’s stock worth $1,483,000 after acquiring an additional 125 shares during the period. Traynor Capital Management Inc. boosted its stake in Global Payments by 3.5% in the 4th quarter. Traynor Capital Management Inc. now owns 4,221 shares of the business services provider’s stock worth $327,000 after purchasing an additional 141 shares during the period. Deseret Mutual Benefit Administrators boosted its stake in Global Payments by 23.4% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 802 shares of the business services provider’s stock worth $67,000 after purchasing an additional 152 shares during the period. Swedbank AB boosted its stake in Global Payments by 0.3% in the 3rd quarter. Swedbank AB now owns 51,177 shares of the business services provider’s stock worth $4,252,000 after purchasing an additional 154 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S increased its holdings in Global Payments by 1.6% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 10,260 shares of the business services provider’s stock worth $794,000 after purchasing an additional 163 shares in the last quarter. Institutional investors own 89.76% of the company’s stock.

Global Payments Price Performance

The company has a 50 day simple moving average of $73.33 and a 200-day simple moving average of $78.37. The stock has a market cap of $18.10 billion, a price-to-earnings ratio of 11.34, a P/E/G ratio of 0.39 and a beta of 0.73. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.83.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Wednesday, February 18th. The business services provider reported $3.18 earnings per share for the quarter, topping the consensus estimate of $3.16 by $0.02. The company had revenue of $2.32 billion during 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%.Global Payments’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.85 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Research analysts expect that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 9th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, March 9th. Global Payments’s dividend payout ratio (DPR) is currently 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.