Global Payments Inc. (NYSE:GPN) Receives Average Recommendation of “Hold” from Brokerages

Global Payments Inc. (NYSE:GPN) has been assigned an average rating of “Hold” from the twenty-five research firms that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $84.7273.

A number of analysts have commented on the stock. Cantor Fitzgerald dropped their price target on shares of Global Payments from $88.00 to $76.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Susquehanna set a $111.00 price target on shares of Global Payments and gave the stock a “positive” rating in a research report on Wednesday, June 3rd. Stephens set a $80.00 price target on shares of Global Payments and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Wall Street Zen lowered shares of Global Payments from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Finally, UBS Group restated a “neutral” rating and issued a $80.00 price target on shares of Global Payments in a research report on Thursday, May 7th.

Hedge Funds Weigh In On Global Payments

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GPN. Brighton Jones LLC acquired a new stake in Global Payments during the 4th quarter valued at $725,000. Caxton Associates LLP acquired a new stake in Global Payments during the 1st quarter valued at $243,000. Intech Investment Management LLC raised its stake in Global Payments by 43.5% during 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 purchasing an additional 4,386 shares during the period. Daiwa Securities Group Inc. raised its stake in Global Payments by 7.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 41,577 shares of the business services provider’s stock valued at $3,327,000 after purchasing an additional 2,840 shares during the period. Finally, AXA S.A. raised its stake in Global Payments by 236.6% during the 2nd quarter. AXA S.A. now owns 28,622 shares of the business services provider’s stock valued at $2,291,000 after purchasing an additional 20,119 shares during the period. Institutional investors and hedge funds own 89.76% of the company’s stock.

Global Payments Stock Up 1.0%

GPN stock opened at $67.03 on Friday. Global Payments has a 52 week low of $61.16 and a 52 week high of $90.64. The company has a market capitalization of $18.34 billion, a price-to-earnings ratio of -32.86, a price-to-earnings-growth ratio of 0.37 and a beta of 0.76. The firm’s 50-day moving average is $69.26 and its two-hundred day moving average is $72.86. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.86.

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

Global Payments Dividend Announcement

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 given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, June 12th. Global Payments’s dividend payout ratio is -49.02%.

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.