Global Payments (NYSE:GPN) Shares Cross Above 200-Day Moving Average - What's Next?

Key Points

• Global Payments shares crossed above their 200-day moving average, trading as high as $86.61 and closing at $85.53, compared with the 200-day average of $76.18.
• Analyst sentiment remains mixed but leans toward caution: the consensus rating is “Hold”, with a $92.85 average price target based on nine Buy, 17 Hold, and three Sell ratings.
• The company exceeded quarterly EPS expectations slightly, reporting $3.46 versus $3.44 expected, while revenue rose 68.6% year over year to $3.16 billion. Global Payments also declared a quarterly dividend of $0.25 per share, yielding approximately 1.2% annually.

Global Payments Inc. (NYSE:GPN - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $76.18 and traded as high as $86.61. Global Payments shares last traded at $85.53, with a volume of 2,664,282 shares traded.

Wall Street Analyst Weigh In

GPN has been the subject of several analyst reports. TD Cowen increased their price target on shares of Global Payments from $90.00 to $95.00 and gave the company a "hold" rating in a research note on Wednesday, August 26th. BTIG Research reiterated a "neutral" rating on shares of Global Payments in a report on Tuesday, June 9th. Robert W. Baird set a $120.00 price objective on Global Payments in a research report on Thursday, August 6th. Piper Sandler set a $101.00 target price on Global Payments and gave the stock a "neutral" rating in a research note on Thursday, September 10th. Finally, Susquehanna set a $111.00 target price on Global Payments and gave the company a "positive" rating in a research report on Wednesday, June 3rd. Nine equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $92.85.

Global Payments Trading Up 0.6%

The business's 50-day simple moving average is $87.57 and its two-hundred day simple moving average is $76.18. The firm has a market capitalization of $22.63 billion, a price-to-earnings ratio of -28.70, a PEG ratio of 0.46 and a beta of 0.78. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.90.

Global Payments (NYSE:GPN - Get Free Report) last issued 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 firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same period in the prior year, the business posted $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. Equities analysts forecast that Global Payments Inc. will post 13.64 earnings per share for the current year.

Global Payments Announces Dividend

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. This represents a $1.00 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, September 11th. Global Payments's payout ratio is currently -33.56%.

Hedge Funds Weigh In On Global Payments

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

Global Payments Company Profile

Global Payments Inc NYSE: GPN is a payments technology and software company that provides solutions for businesses, financial institutions and other organizations. Its services support payment acceptance across in-store, online and mobile channels, including credit and debit card processing, point-of-sale systems, payment gateways, integrated software and related business management tools.

The company serves merchants across industries such as retail, restaurants, hospitality, education, health care and professional services.

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