Global Payments (NYSE:GPN) Sets New 12-Month High - Should You Buy?

Key Points

• Global Payments reached a new 52-week high, trading as high as $91.98 and last changing hands near $90.75. The stock’s market capitalization is approximately $24.16 billion.
• Analyst sentiment is mixed: ten analysts rate the stock a Buy, 15 recommend Hold and three recommend Sell, producing an overall “Hold” rating and an average price target of $90.68. Recent targets range from $70 to $110.
• Global Payments slightly exceeded quarterly earnings expectations, reporting $3.46 in EPS versus a $3.44 consensus estimate, while revenue reached $3.16 billion and grew 68.6% year over year. The company also declared a $0.25 quarterly dividend, equal to a 1.1% annualized yield.

Global Payments Inc. (NYSE:GPN - Get Free Report)'s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $91.98 and last traded at $90.7460, with a volume of 326194 shares trading hands. The stock had previously closed at $88.53.

Wall Street Analysts Forecast Growth

Several research firms have commented on GPN. Morgan Stanley reaffirmed an "overweight" rating and set a $103.00 price target on shares of Global Payments in a research report on Thursday, August 6th. Wolfe Research raised Global Payments from a "peer perform" rating to an "outperform" rating and set a $110.00 price objective on the stock in a report on Thursday, August 6th. UBS Group initiated coverage on shares of Global Payments in a research note on Thursday, August 6th. They set a "buy" rating on the stock. TD Cowen started coverage on Global Payments in a research note on Thursday, August 6th. They issued a "buy" rating for the company. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Global Payments from $75.00 to $70.00 and set a "hold" rating for the company in a research report on Tuesday, June 9th. Ten research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $90.68.

Global Payments Price Performance

The company has a market capitalization of $24.16 billion, a PE ratio of -30.64, a PEG ratio of 0.49 and a beta of 0.74. 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 company's 50 day moving average price is $76.02 and its 200-day moving average price is $72.92.

Global Payments (NYSE:GPN - Get Free Report) last released its quarterly earnings data 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. 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 for the quarter, compared to the consensus estimate of $3.16 billion. During the same period last year, the business posted $3.10 EPS. The company's quarterly 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 forecast that Global Payments Inc. will post 13.67 earnings per share for the current fiscal year.

Global Payments Announces Dividend

The business also recently declared 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. This represents a $1.00 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, September 11th. Global Payments's dividend payout ratio is currently -33.56%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Strive Financial Group LLC purchased a new stake in Global Payments during the 4th quarter worth $25,000. DV Equities LLC purchased a new position in Global Payments in the 4th quarter valued at about $26,000. Johnson Financial Group Inc. acquired a new stake in shares of Global Payments during the third quarter valued at about $35,000. Torren Management LLC acquired a new stake in shares of Global Payments during the fourth quarter valued at about $34,000. Finally, Hantz Financial Services Inc. increased its position in shares of Global Payments by 87.5% during the fourth quarter. Hantz Financial Services Inc. now owns 478 shares of the business services provider's stock worth $37,000 after acquiring an additional 223 shares during the last quarter. 89.76% of the stock is 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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