Global Payments (NYSE:GPN) Price Target Raised to $95.00

Global Payments (NYSE:GPN) had its price target raised by Truist Financial from $79.00 to $95.00 in a research report released on Tuesday, MarketBeat Ratings reports. They currently have a hold rating on the business services provider’s stock.

GPN has been the topic of several other reports. The Goldman Sachs Group increased their price objective on Global Payments from $82.00 to $94.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Wells Fargo & Company decreased their target price on Global Payments from $105.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. Citigroup restated a “buy” rating on shares of Global Payments in a research note on Thursday, August 6th. UBS Group initiated coverage on shares of Global Payments in a report on Thursday, August 6th. They set a “buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Global Payments from $75.00 to $70.00 and set a “hold” rating for the company in a research note on Tuesday, June 9th. Nine investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $92.36.

Global Payments Stock Performance

GPN stock opened at $92.62 on Tuesday. The stock has a market capitalization of $24.51 billion, a PE ratio of -31.08, a price-to-earnings-growth ratio of 0.54 and a beta of 0.74. Global Payments has a 12-month low of $61.16 and a 12-month high of $95.88. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.90. The stock’s 50 day simple moving average is $81.86 and its 200 day simple moving average is $74.52.

Global Payments (NYSE:GPN) last posted its earnings results on Wednesday, August 5th. The business services provider reported $3.46 EPS for the quarter, topping analysts’ consensus estimates of $3.44 by $0.02. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.16 billion. Global Payments had a positive return on equity of 13.80% and a negative net margin of 9.16%.The company’s quarterly revenue was up 68.6% compared to the same quarter last year. During the same quarter last year, the company earned $3.10 EPS. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. As a group, research analysts forecast that Global Payments will post 13.66 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.00 annualized dividend and a dividend yield of 1.1%. Global Payments’s payout ratio is presently -33.56%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GPN. BI Asset Management Fondsmaeglerselskab A S boosted its position in Global Payments by 1.6% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 10,260 shares of the business services provider’s stock worth $794,000 after purchasing an additional 163 shares during the last quarter. Southern Financial Group LLC grew its stake in shares of Global Payments by 5.1% during the 1st quarter. Southern Financial Group LLC now owns 3,651 shares of the business services provider’s stock valued at $246,000 after purchasing an additional 178 shares during the period. Van ECK Associates Corp increased its position in shares of Global Payments by 0.6% during the 3rd quarter. Van ECK Associates Corp now owns 30,262 shares of the business services provider’s stock valued at $2,514,000 after purchasing an additional 187 shares during the last quarter. New Mexico Educational Retirement Board lifted its stake in shares of Global Payments by 1.8% in the 4th quarter. New Mexico Educational Retirement Board now owns 11,248 shares of the business services provider’s stock worth $871,000 after purchasing an additional 200 shares during the period. Finally, Dempze Nancy E lifted its stake in shares of Global Payments by 1.5% in the 4th quarter. Dempze Nancy E now owns 13,500 shares of the business services provider’s stock worth $1,045,000 after purchasing an additional 200 shares during the period. Institutional investors own 89.76% of the company’s stock.

About Global Payments

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.