Analysts Set Global Payments Inc. (NYSE:GPN) Price Target at $99.30

Global Payments Inc. (NYSE:GPNGet Free Report) has been assigned an average rating of “Hold” from the twenty-six ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating, seven have assigned a buy rating and three have issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $98.6190.

A number of brokerages have recently weighed in on GPN. Citigroup upgraded shares of Global Payments to a “strong-buy” rating in a report on Thursday, October 23rd. Truist Financial lowered their price target on shares of Global Payments from $90.00 to $84.00 and set a “hold” rating for the company in a research note on Thursday, November 13th. Seaport Res Ptn raised Global Payments from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. TD Cowen decreased their price objective on Global Payments from $95.00 to $90.00 and set a “hold” rating on the stock in a report on Monday, January 12th. Finally, Rothschild & Co Redburn boosted their target price on Global Payments from $65.00 to $70.00 and gave the company a “sell” rating in a research note on Wednesday, December 3rd.

Check Out Our Latest Report on Global Payments

Insider Transactions at Global Payments

In other news, Director Robert H. B. Baldwin, Jr. bought 10,392 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were bought at an average cost of $81.42 per share, with a total value of $846,116.64. Following the completion of the purchase, the director directly owned 59,303 shares in the company, valued at $4,828,450.26. This represents a 21.25% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, EVP David M. Sheffield sold 2,016 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $81.41, for a total transaction of $164,122.56. Following the sale, the executive vice president owned 14,438 shares of the company’s stock, valued at $1,175,397.58. This represents a 12.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have purchased 14,723 shares of company stock valued at $1,186,772 and have sold 18,080 shares valued at $1,439,350. Company insiders own 1.01% of the company’s stock.

Institutional Trading of Global Payments

Several large investors have recently modified their holdings of the business. North Star Investment Management Corp. raised its position in Global Payments by 242.2% during the 3rd quarter. North Star Investment Management Corp. now owns 308 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 218 shares during the last quarter. Root Financial Partners LLC purchased a new position in shares of Global Payments during the third quarter valued at approximately $27,000. REAP Financial Group LLC bought a new position in shares of Global Payments during the third quarter valued at approximately $28,000. SouthState Bank Corp bought a new position in shares of Global Payments during the third quarter valued at approximately $28,000. Finally, LRI Investments LLC boosted its holdings in Global Payments by 53.4% in the second quarter. LRI Investments LLC now owns 382 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 133 shares in the last quarter. 89.76% of the stock is owned by institutional investors.

Global Payments News Summary

Here are the key news stories impacting Global Payments this week:

Global Payments Price Performance

GPN opened at $73.82 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $17.48 billion, a P/E ratio of 10.37, a PEG ratio of 0.62 and a beta of 0.79. The stock has a 50-day moving average price of $77.68 and a 200-day moving average price of $81.92. Global Payments has a 12-month low of $65.93 and a 12-month high of $114.17.

Global Payments (NYSE:GPNGet Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The business services provider reported $3.26 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.03. The company had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Global Payments had a return on equity of 12.66% and a net margin of 19.68%.During the same period last year, the firm posted $3.08 EPS. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. Equities analysts predict that Global Payments will post 11.89 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 12th were given a $0.25 dividend. The ex-dividend date was Friday, December 12th. This represents a $1.00 annualized dividend and a yield of 1.4%. Global Payments’s payout ratio is presently 14.04%.

Global Payments Company Profile

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for Global Payments (NYSE:GPN)

Receive News & Ratings for Global Payments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Payments and related companies with MarketBeat.com's FREE daily email newsletter.