Brokerages Set Global Payments Inc. (NYSE:GPN) PT at $92.36

Global Payments Inc. (NYSE:GPN) has been given a consensus recommendation of “Hold” by the twenty-eight analysts that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, sixteen have given a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $92.36.

Several research firms have issued reports on GPN. Rothschild & Co Redburn dropped their target price on Global Payments from $70.00 to $60.00 and set a “sell” rating on the stock in a research report on Tuesday, May 12th. Susquehanna set a $111.00 price target on Global Payments and gave the company a “positive” rating in a research report on Wednesday, June 3rd. Jefferies Financial Group upgraded Global Payments from a “hold” rating to a “buy” rating in a research note on Thursday, August 6th. HC Wainwright started coverage on Global Payments in a research note on Thursday, August 6th. They issued a “buy” rating for the company. Finally, UBS Group initiated coverage on Global Payments in a research report on Thursday, August 6th. They set a “buy” rating on the stock.

Global Payments Trading Up 0.0%

NYSE:GPN opened at $91.86 on Friday. Global Payments has a 12 month low of $61.16 and a 12 month high of $95.88. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.90. The firm’s 50 day moving average is $82.35 and its 200 day moving average is $74.66. The stock has a market capitalization of $24.31 billion, a PE ratio of -30.83, a price-to-earnings-growth ratio of 0.53 and a beta of 0.74.

Global Payments (NYSE:GPN) last issued its earnings results on Wednesday, August 5th. The business services provider reported $3.46 earnings per share for the quarter, topping analysts’ consensus estimates of $3.44 by $0.02. The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.16 billion. Global Payments had a negative net margin of 9.16% and a positive return on equity of 13.80%. The company’s quarterly revenue was up 68.6% on a year-over-year basis. During the same quarter last 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 13.66 earnings per share for the current year.

Global Payments Announces Dividend

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 issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, September 11th. Global Payments’s dividend payout ratio is -33.56%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. HighTower Advisors LLC raised its position in Global Payments by 1.6% during the second quarter. HighTower Advisors LLC now owns 42,123 shares of the business services provider’s stock valued at $3,056,000 after purchasing an additional 664 shares in the last quarter. California State Teachers Retirement System boosted its holdings in shares of Global Payments by 5,860.6% in the 2nd quarter. California State Teachers Retirement System now owns 23,828,269 shares of the business services provider’s stock worth $1,728,979,000 after purchasing an additional 23,428,503 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Global Payments during the 2nd quarter valued at about $1,015,000. Guardian Wealth Management Inc. increased its position in shares of Global Payments by 3.6% during the 2nd quarter. Guardian Wealth Management Inc. now owns 25,786 shares of the business services provider’s stock valued at $1,871,000 after purchasing an additional 896 shares during the last quarter. Finally, HB Wealth Management LLC raised its holdings in shares of Global Payments by 7.6% during the 2nd quarter. HB Wealth Management LLC now owns 37,028 shares of the business services provider’s stock valued at $2,687,000 after buying an additional 2,631 shares in the last quarter. 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.