Brokerages Set Global Payments Inc. (NYSE:GPN) Price Target at $103.37

Shares of Global Payments Inc. (NYSE:GPN) have received an average rating of “Hold” from the twenty-three ratings firms that are presently covering the stock, MarketBeat.com reports. Fourteen analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $104.10.

GPN has been the subject of a number of research reports. UBS Group upped their target price on shares of Global Payments from $85.00 to $93.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. Evercore ISI upped their price target on shares of Global Payments from $85.00 to $90.00 and gave the stock an “in-line” rating in a research report on Friday, August 8th. Mizuho upgraded shares of Global Payments from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $86.00 to $114.00 in a research report on Friday, July 25th. Citigroup upgraded shares of Global Payments to a “strong-buy” rating in a research report on Thursday, October 23rd. Finally, Cowen reiterated a “hold” rating on shares of Global Payments in a research report on Wednesday.

Hedge Funds Weigh In On Global Payments

A number of hedge funds have recently modified their holdings of GPN. Norges Bank bought a new position in shares of Global Payments during the second quarter worth $273,844,000. Pzena Investment Management LLC boosted its position in shares of Global Payments by 32.6% during the second quarter. Pzena Investment Management LLC now owns 11,050,253 shares of the business services provider’s stock worth $884,462,000 after acquiring an additional 2,716,156 shares during the last quarter. Nuveen LLC bought a new position in shares of Global Payments during the first quarter worth $94,107,000. Balyasny Asset Management L.P. boosted its position in shares of Global Payments by 480.7% during the second quarter. Balyasny Asset Management L.P. now owns 1,074,669 shares of the business services provider’s stock worth $86,017,000 after acquiring an additional 889,590 shares during the last quarter. Finally, Amundi boosted its position in shares of Global Payments by 77.5% during the first quarter. Amundi now owns 2,001,585 shares of the business services provider’s stock worth $186,107,000 after acquiring an additional 874,175 shares during the last quarter. 89.76% of the stock is currently owned by institutional investors.

Global Payments Stock Down 0.9%

Shares of GPN stock opened at $79.25 on Friday. Global Payments has a 12 month low of $65.93 and a 12 month high of $120.00. The stock has a market cap of $19.23 billion, a P/E ratio of 13.85, a P/E/G ratio of 0.76 and a beta of 0.98. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. The company has a 50 day simple moving average of $85.43 and a two-hundred day simple moving average of $81.79.

Global Payments (NYSE:GPN) last announced its earnings results on Tuesday, November 4th. The business services provider reported $3.26 EPS for the quarter, beating analysts’ consensus estimates of $3.23 by $0.03. Global Payments had a net margin of 15.07% and a return on equity of 12.47%. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the prior year, the company earned $3.08 earnings per share. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. On average, research analysts expect that Global Payments will post 11.89 earnings per share for the current year.

Global Payments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Friday, December 12th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, December 12th. Global Payments’s dividend payout ratio is presently 17.48%.

About Global Payments

Global Payments Inc provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through two segments, Merchant Solutions and Issuer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services.