Global Payments (NYSE:GPN) Upgraded by Piper Sandler to Hold Rating

Piper Sandler upgraded shares of Global Payments (NYSE:GPN) to a hold rating in a research note released on Thursday morning,Zacks reports.

Several other equities research analysts have also commented on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Global Payments from $75.00 to $70.00 and set a “hold” rating on the stock in a research report on Tuesday, June 9th. Truist Financial lifted their target price on shares of Global Payments from $79.00 to $95.00 and gave the stock a “hold” rating in a research report on Tuesday, August 25th. UBS Group started coverage on shares of Global Payments in a report on Thursday, August 6th. They issued a “buy” rating on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Global Payments in a research report on Friday, August 7th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $106.00 price objective (up from $102.00) on shares of Global Payments in a research note on Monday, August 31st. Nine analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $92.85.

Global Payments Stock Performance

NYSE GPN opened at $88.46 on Thursday. Global Payments has a 1-year low of $61.16 and a 1-year high of $95.88. The company has a market capitalization of $23.41 billion, a P/E ratio of -29.68, a PEG ratio of 0.48 and a beta of 0.78. The business has a 50 day moving average price of $86.24 and a 200 day moving average price of $75.81. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.82.

Global Payments (NYSE:GPN) last posted its earnings results on Wednesday, August 5th. The business services provider reported $3.46 EPS for the quarter, topping analysts’ consensus estimates of $3.44 by $0.02. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.16 billion. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%.Global Payments’s quarterly revenue was up 68.6% compared to the same quarter last year. During the same period in the previous year, the business earned $3.10 earnings per share. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. Sell-side analysts expect that Global Payments will post 13.64 EPS for the current fiscal year.

Global Payments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.00 annualized dividend and a yield of 1.1%. Global Payments’s payout ratio is presently -33.56%.

Institutional Investors Weigh In On Global Payments

Several hedge funds have recently modified their holdings of the company. Westpac Banking Corp grew its position in shares of Global Payments by 5,795.1% in the fourth quarter. Westpac Banking Corp now owns 57,182 shares of the business services provider’s stock valued at $4,426,000 after purchasing an additional 56,212 shares during the period. Gtcr LLC purchased a new position in Global Payments during the first quarter worth about $2,911,939,000. LSV Asset Management lifted its position in Global Payments by 30.8% during the fourth quarter. LSV Asset Management now owns 448,100 shares of the business services provider’s stock worth $34,683,000 after buying an additional 105,500 shares during the period. Gradient Investments LLC boosted its stake in Global Payments by 156.9% in the 2nd quarter. Gradient Investments LLC now owns 45,565 shares of the business services provider’s stock worth $3,306,000 after buying an additional 27,828 shares during the last quarter. Finally, Pzena Investment Management LLC boosted its stake in Global Payments by 4.6% in the 4th quarter. Pzena Investment Management LLC now owns 11,409,697 shares of the business services provider’s stock worth $883,111,000 after buying an additional 500,887 shares during the last quarter. 89.76% of the stock is owned by institutional investors and hedge funds.

About Global Payments

Global Payments Inc (NYSE:GPN) is a payments technology and software company that provides solutions for businesses, financial institutions and other organizations. Its services support payment acceptance across in-store, online and mobile channels, including credit and debit card processing, point-of-sale systems, payment gateways, integrated software and related business management tools.

The company serves merchants across industries such as retail, restaurants, hospitality, education, health care and professional services.