Global Payments (NYSE:GPN) Upgraded to “Hold” at Barclays

Barclays upgraded shares of Global Payments (NYSE:GPN) to a hold rating in a research note released on Tuesday,Zacks.com reports.

Several other research firms also recently commented on GPN. Rothschild & Co Redburn lowered their price objective on shares of Global Payments from $70.00 to $60.00 and set a “sell” rating for the company in a research note on Tuesday, May 12th. BTIG Research reiterated a “neutral” rating on shares of Global Payments in a research note on Tuesday, June 9th. Susquehanna set a $111.00 price objective on Global Payments and gave the company a “positive” rating in a report on Wednesday, June 3rd. Truist Financial reduced their price objective on Global Payments from $81.00 to $76.00 and set a “hold” rating for the company in a research note on Tuesday, May 19th. Finally, Wells Fargo & Company decreased their target price on Global Payments from $105.00 to $95.00 and set an “overweight” rating for the company in a report on Thursday. Five investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have given 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 target price of $83.33.

Global Payments Stock Performance

GPN opened at $74.35 on Tuesday. The company has a market cap of $20.34 billion, a P/E ratio of -36.45, a price-to-earnings-growth ratio of 0.41 and a beta of 0.76. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.86. The firm’s 50-day moving average price is $70.17 and its 200-day moving average price is $72.01. Global Payments has a 52-week low of $61.16 and a 52-week high of $90.64.

Global Payments (NYSE:GPN) last released its 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. The company had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. Global Payments’s revenue for the quarter was up 63.1% on a year-over-year basis. During the same period last year, the business earned $2.82 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. As a group, equities analysts anticipate that Global Payments will post 13.85 EPS for the current fiscal year.

Global Payments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $1.00 dividend on an annualized basis and a yield of 1.3%. Global Payments’s dividend payout ratio is -49.02%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GPN. Gtcr LLC acquired a new stake in shares of Global Payments during the 1st quarter valued at about $2,911,939,000. Pzena Investment Management LLC grew its holdings in Global Payments by 1.8% in the first quarter. Pzena Investment Management LLC now owns 11,615,577 shares of the business services provider’s stock valued at $781,728,000 after purchasing an additional 205,880 shares during the period. Ameriprise Financial Inc. grew its holdings in Global Payments by 7.3% in the third quarter. Ameriprise Financial Inc. now owns 7,349,876 shares of the business services provider’s stock valued at $610,633,000 after purchasing an additional 499,695 shares during the period. Glenview Capital Management LLC increased its position in shares of Global Payments by 13.8% in the second quarter. Glenview Capital Management LLC now owns 4,316,892 shares of the business services provider’s stock valued at $345,524,000 after buying an additional 523,209 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Global Payments in the fourth quarter valued at approximately $276,014,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.

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.