Global Payments (NYSE:GPN) Stock Price Down 7.5% – What’s Next?

Shares of Global Payments Inc. (NYSE:GPN) were down 7.5% during trading on Wednesday . The stock traded as low as $68.50 and last traded at $68.50. Approximately 647,695 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 3,548,334 shares. The stock had previously closed at $74.03.

Analyst Upgrades and Downgrades

Several analysts have recently commented on GPN shares. 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. Zacks Research downgraded shares of Global Payments from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Global Payments from $80.00 to $75.00 in a research note on Monday, May 11th. TD Cowen reduced their price objective on shares of Global Payments from $91.00 to $86.00 and set a “hold” rating on the stock in a research note on Tuesday, April 7th. Finally, Weiss Ratings downgraded shares of Global Payments from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, May 11th. Five investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $85.50.

Global Payments Stock Down 0.0%

The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.86. The firm has a market cap of $18.56 billion, a PE ratio of -33.25, a P/E/G ratio of 0.38 and a beta of 0.76. The firm’s 50 day moving average is $69.30 and its 200-day moving average is $73.39.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Wednesday, May 6th. The business services provider reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.82 by $0.14. The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.81 billion. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. The company’s quarterly revenue was up 63.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.82 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. As a group, equities research analysts expect that Global Payments Inc. will post 13.89 earnings per share for the current fiscal year.

Global Payments Announces Dividend

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

Hedge Funds Weigh In On Global Payments

Large investors have recently bought and sold shares of the stock. Strive Financial Group LLC purchased a new position in Global Payments during the fourth quarter worth approximately $25,000. DV Equities LLC purchased a new position in Global Payments during the fourth quarter worth approximately $26,000. SouthState Bank Corp purchased a new position in Global Payments during the third quarter worth approximately $28,000. REAP Financial Group LLC purchased a new position in Global Payments during the third quarter worth approximately $28,000. Finally, True Wealth Design LLC raised its stake in Global Payments by 183.6% during the fourth quarter. True Wealth Design LLC now owns 431 shares of the business services provider’s stock worth $33,000 after purchasing an additional 279 shares during the period. Hedge funds and other institutional investors 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.