Global Payments (NYSE:GPN) Hits New 52-Week High Following Better-Than-Expected Earnings

Global Payments Inc. (NYSE:GPN)’s share price reached a new 52-week high on Wednesday after the company announced better than expected quarterly earnings. The stock traded as high as $90.85 and last traded at $89.29, with a volume of 623761 shares changing hands. The stock had previously closed at $88.25.

The business services provider reported $3.46 earnings per share for the quarter, topping analysts’ consensus estimates of $3.44 by $0.02. Global Payments had a positive return on equity of 13.11% and a negative net margin of 7.99%.The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same period last year, the business posted $3.10 EPS. The business’s revenue was up 68.6% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS.

Wall Street Analyst Weigh In

GPN has been the subject of several recent analyst reports. Stephens set a $80.00 target price on Global Payments and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Royal Bank Of Canada cut their price target on Global Payments from $97.00 to $82.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 8th. Barclays initiated coverage on shares of Global Payments in a research report on Wednesday, July 8th. They set an “equal weight” rating and a $81.00 price objective for the company. Weiss Ratings lowered shares of Global Payments from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, May 11th. Finally, BTIG Research reiterated a “neutral” rating on shares of Global Payments in a report on Tuesday, June 9th. Four analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $83.46.

Institutional Trading of Global Payments

A number of hedge funds have recently bought and sold shares of GPN. Strive Financial Group LLC purchased a new position in shares of Global Payments in the 4th quarter worth about $25,000. DV Equities LLC purchased a new position in Global Payments in the 4th quarter valued at approximately $26,000. Torren Management LLC bought a new stake in shares of Global Payments during the 4th quarter valued at $34,000. Western Wealth Management LLC purchased a new stake in shares of Global Payments in the first quarter worth about $34,000. Finally, Johnson Financial Group Inc. purchased a new stake in Global Payments in the 3rd quarter worth approximately $35,000. 89.76% of the stock is currently owned by institutional investors.

Global Payments Stock Down 0.4%

The company has a market cap of $24.06 billion, a PE ratio of -43.11, a P/E/G ratio of 0.49 and a beta of 0.74. 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 50-day moving average of $74.39 and a 200-day moving average of $72.37.

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.