Global Payments (NYSE:GPN) Share Price Breaks Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Global Payments shares rose above their 200-day moving average of $76.57, reaching $84.57 before last trading at $83.35.
• Analyst sentiment remains mixed but leans positive: 10 analysts rate the stock a Buy, 17 Hold and 3 Sell, with a consensus price target of $94.48.
• The company exceeded quarterly earnings expectations with $3.46 in EPS and reported 68.6% year-over-year revenue growth to $3.16 billion; it also paid a quarterly dividend of $0.25 per share.

Global Payments Inc. (NYSE:GPN - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $76.57 and traded as high as $84.57. Global Payments shares last traded at $83.3510, with a volume of 1,802,061 shares traded.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GPN. Wolfe Research reiterated an "outperform" rating and issued a $125.00 price target (up from $110.00) on shares of Global Payments in a report on Tuesday, August 25th. UBS Group began coverage on shares of Global Payments in a research note on Thursday, August 6th. They issued a "buy" rating for the company. Susquehanna set a $111.00 price objective on shares of Global Payments and gave the stock a "positive" rating in a report on Wednesday, June 3rd. Wells Fargo & Company lowered their target price on shares of Global Payments from $105.00 to $95.00 and set an "overweight" rating on the stock in a research report on Thursday, July 9th. Finally, Piper Sandler set a $101.00 target price on shares of Global Payments and gave the company a "neutral" rating in a report on Thursday, September 10th. Ten investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $94.48.

Global Payments Trading Down 1.6%

The firm has a market cap of $22.06 billion, a PE ratio of -27.97, a PEG ratio of 0.46 and a beta of 0.78. The business has a 50-day moving average price of $88.24 and a two-hundred day moving average price of $76.57. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.82.

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 the consensus estimate of $3.44 by $0.02. Global Payments had a negative net margin of 9.16% and a positive return on equity of 13.80%. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same period in the previous year, the firm earned $3.10 EPS. The business's revenue for the quarter 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. Analysts forecast that Global Payments Inc. will post 13.64 EPS for the current year.

Global Payments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis 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 Investors Weigh In On Global Payments

A number of institutional investors and hedge funds have recently bought and sold shares of GPN. Hantz Financial Services Inc. increased its position in 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 buying an additional 223 shares in the last quarter. Western Wealth Management LLC purchased a new stake in shares of Global Payments in the first quarter valued at $34,000. Root Financial Partners LLC lifted its position 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 valued at $49,000 after acquiring an additional 491 shares in the last quarter. Persistent Asset Partners Ltd acquired a new stake in shares of Global Payments during the second quarter valued at $55,000. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Global Payments by 48.5% during the first quarter. Geneos Wealth Management Inc. now owns 765 shares of the business services provider's stock valued at $51,000 after acquiring an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 89.76% of the company's stock.

Global Payments Company Profile

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.

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