Global Payments (NYSE:GPN) Price Target Raised to $97.00

Global Payments (NYSE:GPN) had its price objective hoisted by Barclays from $89.00 to $97.00 in a research report released on Monday morning,Benzinga reports. The firm currently has an equal weight rating on the business services provider’s stock.

GPN has been the subject of several other research reports. Bank of America reiterated a “buy” rating on shares of Global Payments in a research note on Friday, November 6th. KeyCorp upped their price target on shares of Global Payments from $105.00 to $112.00 and gave the stock an “overweight” rating in a research report on Friday, November 6th. Loop Capital assumed coverage on shares of Global Payments in a report on Thursday, September 24th. They set a “buy” rating and a $137.00 target price on the stock. Royal Bank Of Canada reissued a “sector perform” rating and issued a $106.00 price objective (up from $102.00) on shares of Global Payments in a research report on Monday, August 31st. Finally, Truist Financial lowered their price target on Global Payments from $95.00 to $86.00 and set a “hold” rating for the company in a report on Friday, October 23rd. Thirteen research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $98.76.

Global Payments Stock Down 1.6%

Shares of NYSE:GPN opened at $99.99 on Monday. The firm has a fifty day moving average price of $87.24 and a 200 day moving average price of $77.92. Global Payments has a 1-year low of $61.16 and a 1-year high of $102.90. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market cap of $26.46 billion, a P/E ratio of 7.71, a P/E/G ratio of 0.50 and a beta of 0.83.

Global Payments (NYSE:GPN) last announced its earnings results on Thursday, November 5th. The business services provider reported $3.58 earnings per share for the quarter, hitting the consensus estimate of $3.58. The business had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.18 billion. Global Payments had a negative net margin of 11.21% and a positive return on equity of 14.43%. The business’s quarterly revenue was up 36.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.26 earnings per share. Sell-side analysts predict that Global Payments will post 13.66 EPS for the current year.

Global Payments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 24th. Stockholders of record on Thursday, December 10th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Thursday, December 10th. Global Payments’s dividend payout ratio is -21.93%.

Institutional Trading of Global Payments

Several institutional investors have recently made changes to their positions in GPN. Mather Group LLC. boosted its stake in shares of Global Payments by 25.2% during the 3rd quarter. Mather Group LLC. now owns 622 shares of the business services provider’s stock worth $51,000 after acquiring an additional 125 shares during the period. IFP Advisors Inc increased its position in shares of Global Payments by 9.8% during the second quarter. IFP Advisors Inc now owns 1,433 shares of the business services provider’s stock worth $104,000 after acquiring an additional 128 shares in the last quarter. Cidel Asset Management Inc. increased its holdings in Global Payments by 3.4% during the 3rd quarter. Cidel Asset Management Inc. now owns 4,575 shares of the business services provider’s stock worth $374,000 after purchasing an additional 149 shares in the last quarter. Financial Network Wealth Advisors LLC raised its position in Global Payments by 30.9% in the 3rd quarter. Financial Network Wealth Advisors LLC now owns 674 shares of the business services provider’s stock valued at $55,000 after buying an additional 159 shares during the last quarter. Finally, Southern Financial Group LLC grew its stake in shares of Global Payments by 5.1% in the 1st quarter. Southern Financial Group LLC now owns 3,651 shares of the business services provider’s stock worth $246,000 after acquiring an additional 178 shares in the last quarter. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Latest Global Payments News

Investors following GPN have been watching these news items:

• Positive Sentiment: Recent third-quarter results provided support: adjusted EPS rose 10% to $3.58, revenue was $3.18 billion, and Global Payments reaffirmed its 2026 outlook. Management also raised its annual run-rate Worldpay integration-synergy target to $650 million, a potential boost to confidence in merger execution and margins. Article: Global Payments gains as investors digest solid Q3 results and higher synergy targets
• Neutral Sentiment: Sanford C. Bernstein raised its GPN target from $86 to $100 but kept a “market perform” rating. With the target around the current share price, the revision is an improvement but signals little perceived upside from here. Sanford C. Bernstein recommendations
• Neutral Sentiment: Take-private speculation has been cited as a possible source of support, but no deal is confirmed; any effect on GPN remains uncertain.

About Global Payments

Global Payments Inc. is a payment technology and software company that helps businesses accept and manage payments. Its services support in-person, online and mobile transactions, along with point-of-sale systems and software for business operations. The company also provides technology to financial institutions and other organizations that issue payment cards. Its services include card processing, account management and related digital tools. Global Payments serves customers across a range of industries and operates internationally, with services available in many countries.