Global Payments Inc. (NYSE:GPN) Short Interest Update

Global Payments Inc. (NYSE:GPN) was the recipient of a significant decline in short interest in February. As of February 27th, there was short interest totaling 10,513,295 shares, a decline of 16.3% from the February 12th total of 12,565,607 shares. Based on an average daily volume of 5,487,775 shares, the short-interest ratio is presently 1.9 days. Currently, 3.8% of the shares of the stock are sold short. Currently, 3.8% of the shares of the stock are sold short. Based on an average daily volume of 5,487,775 shares, the short-interest ratio is presently 1.9 days.

Global Payments Stock Down 1.9%

Shares of GPN traded down $1.34 during mid-day trading on Monday, hitting $67.34. 1,074,435 shares of the company’s stock were exchanged, compared to its average volume of 3,848,231. The firm has a fifty day moving average of $74.73 and a two-hundred day moving average of $79.37. Global Payments has a twelve month low of $65.93 and a twelve month high of $100.56. The stock has a market cap of $18.85 billion, a price-to-earnings ratio of 11.62, a P/E/G ratio of 0.38 and a beta of 0.73. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.83.

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

Global Payments Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GPN. Brighton Jones LLC bought a new position in shares of Global Payments in the fourth quarter valued at approximately $725,000. Caxton Associates LLP bought a new stake in shares of Global Payments during the 1st quarter worth $243,000. Intech Investment Management LLC grew its stake in Global Payments by 43.5% in the 1st quarter. Intech Investment Management LLC now owns 14,462 shares of the business services provider’s stock valued at $1,416,000 after buying an additional 4,386 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Global Payments by 5.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,070,960 shares of the business services provider’s stock valued at $165,760,000 after buying an additional 98,815 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Global Payments by 5.6% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 59,813 shares of the business services provider’s stock worth $4,787,000 after acquiring an additional 3,186 shares during the period. 89.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on GPN. Truist Financial set a $85.00 price target on Global Payments in a research report on Tuesday, January 20th. Wells Fargo & Company raised their target price on Global Payments from $103.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Cantor Fitzgerald restated a “neutral” rating and set a $88.00 price target (up from $80.00) on shares of Global Payments in a report on Monday, February 23rd. BNP Paribas Exane increased their price objective on Global Payments from $73.00 to $76.00 and gave the stock an “underperform” rating in a report on Thursday, February 19th. Finally, Stephens reduced their price objective on Global Payments from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $91.36.

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.