Global Payments (NYSE:GPN) Hits New 52-Week High on Analyst Upgrade

Global Payments Inc. (NYSE:GPN)’s share price hit a new 52-week high on Tuesday after Barclays raised their price target on the stock from $89.00 to $97.00. Barclays currently has an equal weight rating on the stock. Global Payments traded as high as $102.17 and last traded at $101.0150, with a volume of 238,848 shares trading hands. The stock had previously closed at $97.77.

Several other research firms also recently weighed in on GPN. Loop Capital began coverage on Global Payments in a research report on Thursday, September 24th. They issued a “buy” rating and a $137.00 target price on the stock. Argus set a $110.00 price target on Global Payments and gave the stock a “buy” rating in a research note on Thursday, August 6th. Weiss Ratings upgraded Global Payments from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Oppenheimer raised Global Payments from a “market perform” rating to an “outperform” rating and set a $115.00 price objective for the company in a research note on Thursday, October 8th. Finally, Robert W. Baird set a $120.00 price objective on Global Payments in a report on Thursday, August 6th. Thirteen equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Global Payments currently has a consensus rating of “Hold” and a consensus price target of $98.24.

Key Headlines Impacting Global Payments

Here are the key news stories impacting Global Payments this week:

• Positive Sentiment: Global Payments is integrating Visa’s IDX API into its AI-powered authentication platform. The company expects the technology to improve payment approvals and reduce false declines, potentially helping merchants complete more transactions and supporting growth. Global Payments Bets on AI and Visa to Win More Transactions
• Positive Sentiment: Cantor Fitzgerald raised its price target to $103 from $91, implying potential upside from the recently cited share price. Its rating remains neutral, so the higher target is a modestly favorable signal rather than a strong endorsement. Cantor Fitzgerald Issues Positive Forecast for Global Payments
• Neutral Sentiment: JPMorgan also raised its target, to $100 from $95, while maintaining a neutral rating. The revision is constructive but points to limited upside at the cited share price.
• Negative Sentiment: Barclays lifted its target to $97 from $89 but kept an equal-weight rating. The new target is slightly below the recently cited share price, tempering the positive analyst revisions. Global Payments Given New $97 Price Target at Barclays

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Gtcr LLC acquired a new position in shares of Global Payments during the 1st quarter valued at about $2,911,939,000. Pzena Investment Management LLC purchased a new position in shares of Global Payments during the 2nd quarter worth $848,344,000. Dimensional Fund Advisors LP boosted its stake in Global Payments by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 2,117,172 shares of the business services provider’s stock worth $142,478,000 after buying an additional 23,293 shares during the period. Deutsche Bank AG purchased a new stake in shares of Global Payments in the 2nd quarter valued at approximately $138,781,000. Finally, Legal & General Group Plc acquired a new stake in Global Payments in the 2nd quarter valued at approximately $120,036,000. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Global Payments Trading Up 3.8%

The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.90. The business has a 50-day simple moving average of $86.83 and a 200-day simple moving average of $77.67. The company has a market cap of $26.85 billion, a PE ratio of -22.20, a price-to-earnings-growth ratio of 0.47 and a beta of 0.83.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Thursday, November 5th. The business services provider reported $3.58 earnings per share for the quarter, meeting analysts’ consensus estimates of $3.58. The firm had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.18 billion. Global Payments had a negative net margin of 9.16% and a positive return on equity of 13.80%. The business’s quarterly revenue was up 36.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.26 earnings per share. On average, analysts predict that Global Payments Inc. will post 13.65 EPS for the current fiscal year.

Global Payments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 24th. Stockholders of record on Thursday, December 10th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, December 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.0%. Global Payments’s payout ratio is -21.93%.

Global Payments Company Profile

Global Payments Inc is a payment technology and software company that helps businesses accept and manage payments. Its services support in-person, online and mobile transactions, along with point-of-sale systems and software for business operations.

The company also provides technology to financial institutions and other organizations that issue payment cards. Its services include card processing, account management and related digital tools.

Global Payments serves customers across a range of industries and operates internationally, with services available in many countries.