Global Payments (NYSE:GPN) Sets New 12-Month High – Should You Buy?

Global Payments Inc. (NYSE:GPN) hit a new 52-week high on Thursday . The company traded as high as $91.98 and last traded at $90.7460, with a volume of 326194 shares trading hands. The stock had previously closed at $88.53.

Analysts Set New Price Targets

A number of brokerages have issued reports on GPN. The Goldman Sachs Group upped their target price on Global Payments from $82.00 to $94.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. TD Cowen started coverage on shares of Global Payments in a research note on Thursday, August 6th. They issued a “buy” rating for the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Global Payments in a report on Friday, August 7th. Susquehanna set a $111.00 price objective on shares of Global Payments and gave the company a “positive” rating in a research note on Wednesday, June 3rd. Finally, Truist Financial raised their price objective on shares of Global Payments from $76.00 to $79.00 and gave the stock a “hold” rating in a report on Friday, July 24th. Ten analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $90.68.

Global Payments Trading Up 3.1%

The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.90. The company has a market cap of $24.16 billion, a price-to-earnings ratio of -30.64, a price-to-earnings-growth ratio of 0.49 and a beta of 0.74. The firm has a 50-day moving average price of $76.02 and a 200 day moving average price of $72.92.

Global Payments (NYSE:GPN) last posted its quarterly earnings results on Wednesday, August 5th. The business services provider reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.44 by $0.02. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%.The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same period in the prior year, the company 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. As a group, sell-side analysts forecast that Global Payments Inc. will post 13.67 EPS for the current year.

Global Payments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 11th. Global Payments’s dividend payout ratio is -33.56%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Strive Financial Group LLC acquired a new stake in Global Payments during the fourth quarter worth about $25,000. DV Equities LLC bought a new position in shares of Global Payments during the fourth quarter valued at approximately $26,000. Johnson Financial Group Inc. bought a new position in shares of Global Payments during the third quarter valued at approximately $35,000. Torren Management LLC acquired a new stake in shares of Global Payments during the 4th quarter worth approximately $34,000. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Global Payments by 87.5% in the 4th quarter. Hantz Financial Services Inc. now owns 478 shares of the business services provider’s stock worth $37,000 after purchasing an additional 223 shares during the last quarter. 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.