Mizuho Cuts Global Payments (NYSE:GPN) Price Target to $110.00

Global Payments (NYSE:GPN) had its price target decreased by Mizuho from $125.00 to $110.00 in a research report report published on Thursday,Benzinga reports. Mizuho currently has an outperform rating on the business services provider’s stock.

GPN has been the subject of a number of other reports. Truist Financial set a $85.00 price target on shares of Global Payments in a research report on Tuesday, January 20th. TD Cowen restated a “hold” rating on shares of Global Payments in a report on Thursday, February 19th. JPMorgan Chase & Co. dropped their price objective on Global Payments from $95.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday, February 12th. BNP Paribas Exane lifted their price objective on Global Payments from $73.00 to $76.00 and gave the stock an “underperform” rating in a report on Thursday, February 19th. Finally, Raymond James Financial lowered Global Payments from an “outperform” rating to a “market perform” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Global Payments currently has a consensus rating of “Hold” and a consensus price target of $91.18.

Global Payments Stock Performance

NYSE:GPN opened at $65.96 on Thursday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.83. Global Payments has a fifty-two week low of $65.61 and a fifty-two week high of $99.99. The stock has a market cap of $18.16 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 0.36 and a beta of 0.73. The firm’s fifty day simple moving average is $73.18 and its 200-day simple moving average is $78.16.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Wednesday, February 18th. The business services provider reported $3.18 EPS for the quarter, beating the consensus estimate of $3.16 by $0.02. The firm had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.32 billion. Global Payments had a net margin of 16.92% and a return on equity of 12.72%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.85 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Analysts expect that Global Payments will post 11.89 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 9th will be given 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 is Monday, March 9th. Global Payments’s payout ratio is currently 17.27%.

Institutional Investors Weigh In On Global Payments

A number of large investors have recently bought and sold shares of the stock. Hsbc Holdings PLC lifted its position in shares of Global Payments by 39.5% in the fourth quarter. Hsbc Holdings PLC now owns 1,428,962 shares of the business services provider’s stock valued at $110,772,000 after acquiring an additional 404,918 shares in the last quarter. Corient Private Wealth LLC increased its position in Global Payments by 40.7% during the 4th quarter. Corient Private Wealth LLC now owns 36,760 shares of the business services provider’s stock worth $2,845,000 after purchasing an additional 10,640 shares in the last quarter. Flax Pond Capital LLC acquired a new position in Global Payments in the 4th quarter valued at about $4,730,000. DGS Capital Management LLC acquired a new position in Global Payments in the 4th quarter valued at about $230,000. Finally, Dean Capital Management lifted its holdings in Global Payments by 3.2% in the 4th quarter. Dean Capital Management now owns 18,445 shares of the business services provider’s stock valued at $1,428,000 after purchasing an additional 570 shares in the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

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.