Global Payments (NYSE:GPN) Sets New 52-Week Low Following Analyst Downgrade

Global Payments Inc. (NYSE:GPN) reached a new 52-week low during mid-day trading on Friday after Mizuho lowered their price target on the stock from $125.00 to $110.00. Mizuho currently has an outperform rating on the stock. Global Payments traded as low as $65.82 and last traded at $65.7540, with a volume of 2351301 shares traded. The stock had previously closed at $69.97.

A number of other research firms have also issued reports on GPN. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $97.00 target price (up from $95.00) on shares of Global Payments in a research note on Thursday, February 19th. Truist Financial set a $85.00 price target on shares of Global Payments in a report on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft began coverage on Global Payments in a research report on Wednesday, January 14th. They issued a “hold” rating and a $80.00 price target on the stock. UBS Group reiterated a “neutral” rating and issued a $87.00 price objective (up from $80.00) on shares of Global Payments in a research note on Thursday, February 19th. Finally, BNP Paribas Exane boosted their price objective on Global Payments from $73.00 to $76.00 and gave the stock an “underperform” rating in a research report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $91.18.

Institutional Investors Weigh In On Global Payments

Hedge funds have recently made changes to their positions in the company. Thomasville National Bank raised its position in Global Payments by 0.7% in the 3rd quarter. Thomasville National Bank now owns 17,848 shares of the business services provider’s stock valued at $1,483,000 after purchasing an additional 125 shares during the last quarter. Traynor Capital Management Inc. increased its position in Global Payments by 3.5% in the 4th quarter. Traynor Capital Management Inc. now owns 4,221 shares of the business services provider’s stock valued at $327,000 after acquiring an additional 141 shares in the last quarter. Deseret Mutual Benefit Administrators raised its stake in shares of Global Payments by 23.4% in the third quarter. Deseret Mutual Benefit Administrators now owns 802 shares of the business services provider’s stock worth $67,000 after acquiring an additional 152 shares during the last quarter. Swedbank AB lifted its position in shares of Global Payments by 0.3% during the third quarter. Swedbank AB now owns 51,177 shares of the business services provider’s stock worth $4,252,000 after purchasing an additional 154 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Global Payments by 1.6% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 10,260 shares of the business services provider’s stock valued at $794,000 after purchasing an additional 163 shares during the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Global Payments Trading Down 6.0%

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 business’s fifty day moving average is $73.33 and its two-hundred day moving average is $78.37. The firm has a market cap of $18.10 billion, a price-to-earnings ratio of 11.34, a price-to-earnings-growth ratio of 0.39 and a beta of 0.73.

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

Global Payments Announces Dividend

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

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.