Global Payments (NYSE:GPN) Given New $76.00 Price Target at Keefe, Bruyette & Woods

Global Payments (NYSE:GPN) had its price objective cut by Keefe, Bruyette & Woods from $90.00 to $76.00 in a research note issued to investors on Tuesday morning,MarketScreener reports. They currently have a market perform rating on the business services provider’s stock.

A number of other equities research analysts also recently commented on GPN. Wells Fargo & Company increased their price objective on shares of Global Payments from $103.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Raymond James Financial cut shares of Global Payments from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 26th. Weiss Ratings restated a “hold (c-)” rating on shares of Global Payments in a research note on Thursday, January 22nd. The Goldman Sachs Group initiated coverage on shares of Global Payments in a research note on Monday, March 9th. They issued a “hold” rating and a $88.00 price objective for the company. Finally, BNP Paribas Exane raised their price objective on shares of Global Payments from $73.00 to $76.00 and gave the company an “underperform” rating in a research note on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $88.77.

Global Payments Trading Up 5.0%

NYSE:GPN traded up $3.11 on Tuesday, hitting $65.81. The stock had a trading volume of 787,408 shares, compared to its average volume of 3,747,422. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.83. The stock has a market cap of $18.11 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 0.34 and a beta of 0.76. The company has a fifty day moving average price of $71.89 and a two-hundred day moving average price of $77.10. Global Payments has a 1-year low of $62.45 and a 1-year high of $90.96.

Global Payments (NYSE:GPN) last issued its quarterly earnings data on Wednesday, February 18th. The business services provider reported $3.18 EPS for the quarter, topping the consensus estimate of $3.16 by $0.02. Global Payments had a net margin of 16.92% and a return on equity of 12.72%. The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same period in the prior year, the business posted $2.85 EPS. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Equities research analysts expect that Global Payments will post 11.89 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Monday, March 9th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, March 9th. Global Payments’s payout ratio is 17.27%.

Institutional Trading of Global Payments

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Global Payments by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 23,542,460 shares of the business services provider’s stock valued at $1,955,908,000 after acquiring an additional 149,441 shares during the last quarter. Pzena Investment Management LLC increased its holdings in shares of Global Payments by 4.6% in the 4th quarter. Pzena Investment Management LLC now owns 11,409,697 shares of the business services provider’s stock worth $883,111,000 after acquiring an additional 500,887 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Global Payments by 7.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,349,876 shares of the business services provider’s stock worth $610,633,000 after acquiring an additional 499,695 shares during the period. Glenview Capital Management LLC increased its holdings in shares of Global Payments by 13.8% in the 2nd quarter. Glenview Capital Management LLC now owns 4,316,892 shares of the business services provider’s stock worth $345,524,000 after acquiring an additional 523,209 shares during the period. Finally, Norges Bank bought a new position in Global Payments in the 4th quarter valued at about $276,014,000. 89.76% of the stock is 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.