Global Payments (NYSE:GPN) Price Target Lowered to $90.00 at TD Cowen

Global Payments (NYSE:GPN) had its target price lowered by TD Cowen from $95.00 to $90.00 in a research note issued to investors on Monday,MarketScreener reports. The firm currently has a hold rating on the business services provider’s stock.

Other research analysts have also recently issued research reports about the company. Wells Fargo & Company upgraded Global Payments to a “strong-buy” rating in a report on Wednesday, October 22nd. Jefferies Financial Group cut their price objective on Global Payments from $85.00 to $75.00 and set a “hold” rating on the stock in a report on Monday, November 24th. Cowen reaffirmed a “hold” rating on shares of Global Payments in a research note on Wednesday, November 5th. Raymond James Financial reissued an “outperform” rating and set a $105.00 target price on shares of Global Payments in a research report on Tuesday, November 4th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Global Payments in a report on Wednesday. They issued a “hold” rating and a $80.00 price target on the stock. Three investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $99.05.

Global Payments Trading Down 3.4%

Shares of NYSE GPN traded down $2.66 on Monday, reaching $74.82. 2,772,689 shares of the company traded hands, compared to its average volume of 3,364,848. The stock has a market capitalization of $17.71 billion, a PE ratio of 10.51, a P/E/G ratio of 0.65 and a beta of 0.79. Global Payments has a fifty-two week low of $65.93 and a fifty-two week high of $114.17. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.57. The company has a 50 day moving average of $77.75 and a 200 day moving average of $82.01.

Global Payments (NYSE:GPN) last released its earnings results on Tuesday, November 4th. The business services provider reported $3.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.03. The firm had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.41 billion. Global Payments had a net margin of 19.68% and a return on equity of 12.66%. During the same period in the previous year, the firm earned $3.08 earnings per share. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. On average, equities research analysts forecast that Global Payments will post 11.89 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 12th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, December 12th. This represents a $1.00 annualized dividend and a yield of 1.3%. Global Payments’s payout ratio is currently 14.04%.

Insider Buying and Selling

In other Global Payments news, Director Patricia A. Watson bought 1,331 shares of Global Payments stock in a transaction dated Friday, November 7th. The stock was bought at an average cost of $75.06 per share, for a total transaction of $99,904.86. Following the purchase, the director owned 2,651 shares in the company, valued at $198,984.06. This represents a 100.83% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Connie D. Mcdaniel sold 4,464 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $77.81, for a total transaction of $347,343.84. Following the sale, the director directly owned 30,014 shares of the company’s stock, valued at $2,335,389.34. The trade was a 12.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders acquired 14,723 shares of company stock worth $1,186,772 and sold 18,080 shares worth $1,439,350. Company insiders own 1.01% of the company’s stock.

Institutional Investors Weigh In On Global Payments

A number of institutional investors have recently modified their holdings of GPN. Nisa Investment Advisors LLC grew its stake in Global Payments by 7.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 86,579 shares of the business services provider’s stock worth $6,701,000 after purchasing an additional 6,036 shares in the last quarter. Mn Services Vermogensbeheer B.V. grew its position in shares of Global Payments by 0.6% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 94,807 shares of the business services provider’s stock worth $7,338,000 after acquiring an additional 607 shares in the last quarter. Thompson Investment Management Inc. grew its position in shares of Global Payments by 49.7% in the 4th quarter. Thompson Investment Management Inc. now owns 43,383 shares of the business services provider’s stock worth $3,358,000 after acquiring an additional 14,404 shares in the last quarter. Traynor Capital Management Inc. raised its position in shares of Global Payments by 3.5% during the 4th quarter. Traynor Capital Management Inc. now owns 4,221 shares of the business services provider’s stock valued at $327,000 after acquiring an additional 141 shares in the last quarter. Finally, Czech National Bank raised its position in shares of Global Payments by 1.3% during the 4th quarter. Czech National Bank now owns 62,426 shares of the business services provider’s stock valued at $4,832,000 after acquiring an additional 808 shares in the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Trending Headlines about Global Payments

Here are the key news stories impacting Global Payments this week:

• Positive Sentiment: Seaport Research Partners upgraded GPN from “hold” to “strong-buy,” which could attract buyers and support upside momentum. Seaport upgrade (Zacks)
• Positive Sentiment: A Zacks value-stock roundup named GPN among four value names to consider amid policy uncertainty, highlighting its cash flow and value metrics — a potential driver for value-oriented investors. 4 Value Stocks to Buy (Zacks)
• Neutral Sentiment: Analysts’ consensus remains a “hold,” signaling mixed expectations that may limit broad bullish conviction until clearer upgrades or guidance appear. Consensus “Hold” (American Banking News)
• Negative Sentiment: TD Cowen cut its price target to $90 from $95 and kept a “hold” rating — the downgrade in target can weigh on sentiment despite the new target still implying upside from current levels. TD Cowen lowers PT to $90 (MarketScreener)
• Negative Sentiment: Rep. Gilbert Ray Cisneros, Jr. sold shares of GPN, an insider transaction that can be perceived negatively by the market even if it’s routine. Insider sale (American Banking News)

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.