Global Payments (NYSE:GPN) Stock Rated “Buy” in New Coverage at Bank of America

Bank of America assumed coverage on shares of Global Payments (NYSE:GPN) in a research note released on Thursday, Marketbeat reports. The firm issued a buy rating and a $114.00 price target on the business services provider’s stock.

Several other research firms also recently weighed in on GPN. Truist Financial boosted their target price on shares of Global Payments from $79.00 to $95.00 and gave the stock a “hold” rating in a research report on Tuesday, August 25th. 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 report on Monday, August 31st. Argus set a $110.00 price objective on Global Payments and gave the stock a “buy” rating in a research note on Thursday, August 6th. The Goldman Sachs Group lifted their target price on Global Payments from $82.00 to $94.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Finally, UBS Group assumed coverage on Global Payments in a report on Thursday, August 6th. They set a “buy” rating for the company. Twelve research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $95.86.

Global Payments Price Performance

Shares of NYSE GPN opened at $83.71 on Thursday. Global Payments has a fifty-two week low of $61.16 and a fifty-two week high of $95.88. The company has a market cap of $22.15 billion, a PE ratio of -28.09, a P/E/G ratio of 0.46 and a beta of 0.80. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.82 and a current ratio of 0.82. The business has a 50-day simple moving average of $87.41 and a two-hundred day simple moving average of $77.63.

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

Global Payments Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Western Wealth Management LLC acquired a new stake in Global Payments during the 1st quarter worth about $34,000. Nvwm LLC acquired a new position in shares of Global Payments in the 3rd quarter valued at about $41,000. Mather Group LLC. boosted its stake in shares of Global Payments by 25.2% in the third quarter. Mather Group LLC. now owns 622 shares of the business services provider’s stock worth $51,000 after buying an additional 125 shares during the last quarter. Fortitude Family Office LLC boosted its stake in shares of Global Payments by 365.7% in the third quarter. Fortitude Family Office LLC now owns 624 shares of the business services provider’s stock worth $51,000 after buying an additional 490 shares during the last quarter. Finally, Root Financial Partners LLC boosted its stake in shares of Global Payments by 209.8% in the first quarter. Root Financial Partners LLC now owns 725 shares of the business services provider’s stock worth $49,000 after buying an additional 491 shares during the last quarter. 89.76% of the stock is currently owned by institutional investors and hedge funds.

About Global Payments

Global Payments Inc (NYSE:GPN) is a payments technology and software company that provides payment processing and related services to merchants, financial institutions and other organizations. Its offerings help businesses accept payments through credit cards, debit cards, digital wallets and other channels, both in physical locations and online.

The company provides point-of-sale systems, payment processing, commerce software, fraud prevention, analytics and other business-management tools.