Global Payments (NYSE:GPN) Trading Down 7.5% – Time to Sell?

Global Payments Inc. (NYSE:GPN)’s stock price was down 7.5% during trading on Wednesday . The stock traded as low as $68.50 and last traded at $68.50. Approximately 647,695 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 3,548,334 shares. The stock had previously closed at $74.03.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GPN. Wells Fargo & Company lifted their price objective on Global Payments from $103.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. TD Cowen decreased their price target on Global Payments from $91.00 to $86.00 and set a “hold” rating for the company in a report on Tuesday, April 7th. Citigroup lowered their price objective on Global Payments from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. UBS Group reaffirmed a “neutral” rating and set a $80.00 target price on shares of Global Payments in a report on Thursday, May 7th. Finally, Cantor Fitzgerald decreased their target price on shares of Global Payments from $88.00 to $76.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Four analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Global Payments currently has a consensus rating of “Hold” and a consensus price target of $85.50.

Global Payments Stock Performance

The company has a market capitalization of $17.71 billion, a price-to-earnings ratio of -31.74, a price-to-earnings-growth ratio of 0.42 and a beta of 0.76. The firm has a fifty day simple moving average of $69.31 and a 200 day simple moving average of $73.51. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.79 and a quick ratio of 0.79.

Global Payments (NYSE:GPN) last announced its earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.82 by $0.14. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.81 billion. Global Payments had a positive return on equity of 13.11% and a negative net margin of 7.99%.The business’s revenue was up 63.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.82 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, analysts anticipate that Global Payments Inc. will post 13.89 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The business 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 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 Friday, June 12th. Global Payments’s dividend payout ratio is -49.02%.

Hedge Funds Weigh In On Global Payments

Hedge funds have recently made changes to their positions in the company. Gtcr LLC purchased a new stake in shares of Global Payments during the first quarter worth approximately $2,911,939,000. Vanguard Group Inc. boosted its stake in Global Payments by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 23,542,460 shares of the business services provider’s stock worth $1,955,908,000 after purchasing an additional 149,441 shares during the last quarter. Pzena Investment Management LLC grew its holdings in shares of Global Payments by 1.8% during the first quarter. Pzena Investment Management LLC now owns 11,615,577 shares of the business services provider’s stock worth $781,728,000 after buying an additional 205,880 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of 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 buying an additional 499,695 shares during the last quarter. Finally, Glenview Capital Management LLC lifted its stake 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 worth $345,524,000 after buying an additional 523,209 shares in the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Global Payments Company Profile

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.