Global Payments Inc. (NYSE:GPN) Receives $84.73 Consensus Price Target from Brokerages

Global Payments Inc. (NYSE:GPN) has earned a consensus rating of “Hold” from the twenty-five research firms that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $84.7273.

GPN has been the topic of several recent research reports. The Goldman Sachs Group initiated coverage on shares of Global Payments in a research report on Monday, March 9th. They set a “hold” rating and a $88.00 target price on the stock. Argus cut their price target on shares of Global Payments from $100.00 to $95.00 in a report on Friday, May 8th. Raymond James Financial downgraded shares of Global Payments from an “outperform” rating to a “market perform” rating in a report on Thursday, March 26th. Keefe, Bruyette & Woods cut their price target on shares of Global Payments from $90.00 to $76.00 and set a “market perform” rating on the stock in a report on Tuesday, April 7th. Finally, Zacks Research downgraded shares of Global Payments from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st.

Global Payments Stock Up 0.2%

Shares of NYSE GPN opened at $67.03 on Friday. The firm’s 50-day moving average price is $69.30 and its 200-day moving average price is $72.82. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $18.34 billion, a price-to-earnings ratio of -32.86, a P/E/G ratio of 0.38 and a beta of 0.76. Global Payments has a 12-month low of $61.16 and a 12-month high of $90.64.

Global Payments (NYSE:GPN) last announced its earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.82 by $0.14. The firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.81 billion. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. The business’s revenue was up 63.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.82 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, equities research analysts anticipate that Global Payments will post 13.88 EPS for the current fiscal year.

Global Payments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, June 12th. Global Payments’s dividend payout ratio is presently -49.02%.

Hedge Funds Weigh In On Global Payments

Several hedge funds have recently added to or reduced their stakes in the company. Gtcr LLC bought a new position in Global Payments during the 1st quarter valued at about $2,911,939,000. Vanguard Group Inc. grew its holdings 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 purchasing an additional 149,441 shares during the last quarter. Pzena Investment Management LLC grew its holdings in Global Payments by 1.8% during the 1st quarter. Pzena Investment Management LLC now owns 11,615,577 shares of the business services provider’s stock valued at $781,728,000 after purchasing an additional 205,880 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Global Payments by 7.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,349,876 shares of the business services provider’s stock valued at $610,633,000 after purchasing an additional 499,695 shares during the last quarter. Finally, Glenview Capital Management LLC grew its stake in 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 in the last quarter. 89.76% of the stock is currently 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.