Global Payments Inc. (NYSE:GPN) Stock Has Consensus Price Target of $92.85

Global Payments Inc. (NYSE:GPN) has earned an average rating of “Hold” from the thirty research firms that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, seventeen have given a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $94.48.

A number of brokerages recently issued reports on GPN. Argus set a $110.00 target price on Global Payments and gave the stock a “buy” rating in a report on Thursday, August 6th. UBS Group initiated coverage on shares of Global Payments in a research note on Thursday, August 6th. They set a “buy” rating for the company. Wolfe Research restated an “outperform” rating and set a $125.00 price objective (up from $110.00) on shares of Global Payments in a report on Tuesday, August 25th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $106.00 price objective (up from $102.00) on shares of Global Payments in a research note on Monday, August 31st. Finally, Robert W. Baird set a $120.00 price objective on shares of Global Payments in a report on Thursday, August 6th.

Global Payments Stock Performance

Shares of Global Payments stock opened at $84.81 on Tuesday. The business has a 50-day simple moving average of $88.17 and a 200 day simple moving average of $76.50. Global Payments has a one year low of $61.16 and a one year high of $95.88. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $22.44 billion, a price-to-earnings ratio of -28.46, a PEG ratio of 0.47 and a beta of 0.78.

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

Global Payments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $1.00 annualized dividend and a yield of 1.2%. Global Payments’s dividend payout ratio (DPR) is presently -33.56%.

Institutional Trading of Global Payments

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gtcr LLC bought a new position in shares of Global Payments in the first quarter valued at approximately $2,911,939,000. Pzena Investment Management LLC purchased a new stake in Global Payments in the 2nd quarter valued at $848,344,000. Norges Bank purchased a new stake in Global Payments in the 4th quarter valued at $276,014,000. Dimensional Fund Advisors LP lifted its stake in Global Payments by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,117,172 shares of the business services provider’s stock valued at $142,478,000 after acquiring an additional 23,293 shares in the last quarter. Finally, Deutsche Bank AG bought a new position in Global Payments during the 2nd quarter valued at $138,781,000. 89.76% of the stock is owned by institutional investors.

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.