Global Payments (NYSE:GPN) Price Target Raised to $79.00

Global Payments (NYSE:GPN) had its price target raised by Truist Financial from $76.00 to $79.00 in a report published on Friday, MarketBeat Ratings reports. The firm currently has a hold rating on the business services provider’s stock.

Several other analysts have also recently commented on GPN. Keefe, Bruyette & Woods dropped their price target on Global Payments from $90.00 to $76.00 and set a “market perform” rating for the company in a research report on Tuesday, April 7th. Morgan Stanley started coverage on Global Payments in a report on Monday, June 22nd. They issued an “equal weight” rating and a $65.00 price objective on the stock. Wall Street Zen cut shares of Global Payments from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. BTIG Research reaffirmed a “neutral” rating on shares of Global Payments in a report on Tuesday, June 9th. Finally, Zacks Research cut shares of Global Payments from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Four research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $83.46.

Global Payments Stock Performance

GPN opened at $80.97 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.86. Global Payments has a 12-month low of $61.16 and a 12-month high of $90.64. The firm has a 50 day moving average of $72.29 and a two-hundred day moving average of $71.97. The firm has a market capitalization of $22.15 billion, a PE ratio of -39.69, a P/E/G ratio of 0.46 and a beta of 0.76.

Global Payments (NYSE:GPN) last released its quarterly earnings data on Wednesday, May 6th. The business services provider reported $2.96 EPS for the quarter, beating the consensus estimate of $2.82 by $0.14. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the prior year, the firm earned $2.82 EPS. The business’s revenue for the quarter was up 63.1% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, analysts anticipate that Global Payments will post 13.82 EPS for the current year.

Global Payments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, June 12th. Global Payments’s dividend payout ratio (DPR) is currently -49.02%.

Hedge Funds Weigh In On Global Payments

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GPN. Gtcr LLC acquired a new position in shares of Global Payments during the 1st quarter valued at about $2,911,939,000. Norges Bank acquired a new stake in Global Payments during the fourth quarter worth about $276,014,000. Balyasny Asset Management L.P. increased its position in Global Payments by 112.3% during the third quarter. Balyasny Asset Management L.P. now owns 2,281,476 shares of the business services provider’s stock worth $189,545,000 after purchasing an additional 1,206,807 shares during the last quarter. Clearbridge Investments LLC raised its stake in Global Payments by 5,710.5% during the fourth quarter. Clearbridge Investments LLC now owns 941,299 shares of the business services provider’s stock worth $72,857,000 after purchasing an additional 925,099 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in Global Payments by 93.8% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,412,128 shares of the business services provider’s stock worth $109,299,000 after purchasing an additional 683,524 shares during the period. Institutional investors and hedge funds own 89.76% of the company’s stock.

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.