Global Payments Inc. (NYSE:GPN) Receives Consensus Recommendation of “Hold” from Brokerages

Global Payments Inc. (NYSE:GPN) has been assigned an average rating of “Hold” from the twenty-six brokerages that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $83.3333.

GPN has been the topic of several analyst reports. Cantor Fitzgerald lowered their target price on shares of Global Payments from $88.00 to $76.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Truist Financial reduced their price target on Global Payments from $81.00 to $76.00 and set a “hold” rating for the company in a research report on Tuesday, May 19th. BMO Capital Markets assumed coverage on Global Payments in a research note on Tuesday, April 21st. They set a “market perform” rating and a $76.00 price target for the company. Stephens set a $80.00 price objective on Global Payments and gave the company an “equal weight” rating in a report on Thursday, May 7th. Finally, Wall Street Zen downgraded Global Payments from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th.

Global Payments Price Performance

NYSE GPN opened at $78.18 on Thursday. 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 stock has a market capitalization of $21.39 billion, a PE ratio of -38.32, a price-to-earnings-growth ratio of 0.43 and a beta of 0.76. Global Payments has a 12-month low of $61.16 and a 12-month high of $90.64. The company has a 50 day moving average price of $70.67 and a two-hundred day moving average price of $71.88.

Global Payments (NYSE:GPN) last announced its quarterly earnings results on Wednesday, May 6th. The business services provider reported $2.96 EPS for the quarter, topping the consensus estimate of $2.82 by $0.14. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.81 billion. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. Global Payments’s quarterly revenue was up 63.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.82 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. As a group, equities analysts predict that Global Payments will post 13.84 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, June 12th. Global Payments’s dividend payout ratio (DPR) is -49.02%.

Institutional Trading of Global Payments

A number of institutional investors and hedge funds have recently modified their holdings of the company. Westpac Banking Corp increased its position in Global Payments by 5,795.1% in the 4th quarter. Westpac Banking Corp now owns 57,182 shares of the business services provider’s stock worth $4,426,000 after buying an additional 56,212 shares during the period. Moore Capital Management LP boosted its position in shares of Global Payments by 13.3% in the third quarter. Moore Capital Management LP now owns 231,200 shares of the business services provider’s stock valued at $19,208,000 after acquiring an additional 27,200 shares during the period. Invenomic Capital Management LP grew its stake in shares of Global Payments by 11.1% in the third quarter. Invenomic Capital Management LP now owns 681,094 shares of the business services provider’s stock worth $56,585,000 after acquiring an additional 68,071 shares during the last quarter. Jain Global LLC acquired a new stake in shares of Global Payments in the third quarter worth $10,656,000. Finally, LSV Asset Management increased its position in Global Payments by 30.8% during the fourth quarter. LSV Asset Management now owns 448,100 shares of the business services provider’s stock worth $34,683,000 after acquiring an additional 105,500 shares during the period. 89.76% of the stock is currently owned by institutional investors and hedge funds.

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.