Global Payments (NYSE:GPN) Sets New 52-Week Low – Time to Sell?

Shares of Global Payments Inc. (NYSE:GPN) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $62.45 and last traded at $62.7230, with a volume of 2727886 shares changing hands. The stock had previously closed at $65.04.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Global Payments in a research note on Thursday, January 22nd. Citigroup reduced their price objective on shares of Global Payments from $110.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Truist Financial set a $85.00 price objective on shares of Global Payments in a research note on Tuesday, January 20th. JPMorgan Chase & Co. reduced their price objective on shares of Global Payments from $95.00 to $90.00 and set a “neutral” rating on the stock in a research note on Thursday, February 12th. Finally, Mizuho reduced their price objective on shares of Global Payments from $125.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $90.27.

Global Payments Trading Down 3.6%

The business’s 50-day moving average price is $71.89 and its two-hundred day moving average price is $77.10. The company has a market capitalization of $17.26 billion, a P/E ratio of 10.83, a PEG ratio of 0.34 and a beta of 0.76. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.69 and a quick ratio of 1.69.

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

Global Payments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 30th. Stockholders 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 dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, March 9th. Global Payments’s dividend payout ratio (DPR) is currently 17.27%.

Hedge Funds Weigh In On Global Payments

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Global Payments by 0.6% during the third quarter. Vanguard Group Inc. now owns 23,542,460 shares of the business services provider’s stock worth $1,955,908,000 after purchasing an additional 149,441 shares in the last quarter. Pzena Investment Management LLC boosted its position in shares of Global Payments by 4.6% during the fourth quarter. Pzena Investment Management LLC now owns 11,409,697 shares of the business services provider’s stock worth $883,111,000 after purchasing an additional 500,887 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Global Payments by 7.3% during the third 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 raised its holdings in shares of Global Payments by 13.8% during the second 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 acquired a new stake in shares of Global Payments during the fourth quarter worth $276,014,000. 89.76% of the stock is owned by institutional investors.

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.