Global Payments Inc. (NYSE:GPN) Given Average Rating of "Hold" by Brokerages

Key Points

• Global Payments has an average “Hold” rating from 28 analysts: 16 holds, nine buys and three sells. The average 12-month price target is $92.36.
• The company slightly exceeded quarterly earnings expectations, reporting $3.46 in EPS versus the $3.44 consensus, while revenue reached $3.16 billion, up 68.6% year over year.
• Global Payments declared a quarterly dividend of $0.25 per share, equivalent to a $1.00 annualized payout and 1.1% yield; institutional investors and hedge funds own 89.76% of the stock.

Global Payments Inc. (NYSE:GPN - Get Free Report) has been assigned an average recommendation of "Hold" from the twenty-eight research firms that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, sixteen have issued a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $92.36.

A number of analysts recently commented on the company. Wall Street Zen cut Global Payments from a "buy" rating to a "hold" rating in a research report on Saturday, May 30th. Zacks Research cut shares of Global Payments from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 1st. Citigroup reaffirmed a "buy" rating on shares of Global Payments in a research note on Thursday, August 6th. Wells Fargo & Company lowered their price target on shares of Global Payments from $105.00 to $95.00 and set an "overweight" rating for the company in a report on Thursday, July 9th. Finally, Robert W. Baird set a $120.00 price objective on shares of Global Payments in a research report on Thursday, August 6th.

Global Payments Price Performance

GPN stock opened at $92.62 on Friday. The stock's 50 day moving average price is $81.86 and its 200 day moving average price is $74.52. The firm has a market cap of $24.51 billion, a P/E ratio of -31.08, a PEG ratio of 0.54 and a beta of 0.74. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.82 and a current ratio of 0.82. Global Payments has a 1 year low of $61.16 and a 1 year high of $95.88.

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

Global Payments Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GPN. Gtcr LLC purchased a new stake in shares of Global Payments in the first quarter valued at $2,911,939,000. California State Teachers Retirement System increased its stake in Global Payments by 5,860.6% in the second quarter. California State Teachers Retirement System now owns 23,828,269 shares of the business services provider's stock valued at $1,728,979,000 after purchasing an additional 23,428,503 shares during the last quarter. Pzena Investment Management LLC purchased a new position in Global Payments during the second quarter worth about $848,344,000. Glenview Capital Management LLC lifted its position in Global Payments by 13.8% during the second quarter. Glenview Capital Management LLC now owns 4,316,892 shares of the business services provider's stock worth $345,524,000 after buying an additional 523,209 shares during the period. Finally, Norges Bank acquired a new stake in Global Payments in the 4th quarter worth about $276,014,000. 89.76% of the stock is currently owned by institutional investors and hedge funds.

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.

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