Global Payments Inc. (NYSE:GPN) Receives $110.91 Consensus PT from Analysts

Global Payments Inc. (NYSE:GPN) has earned an average rating of “Hold” from the twenty-eight brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, eighteen have issued a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $110.91.

Several equities analysts have recently weighed in on GPN shares. Truist Financial assumed coverage on Global Payments in a report on Monday, June 2nd. They set a “hold” rating and a $79.00 price target on the stock. Barclays lowered their price objective on shares of Global Payments from $125.00 to $110.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. Bank of America cut their target price on shares of Global Payments from $156.00 to $149.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Jefferies Financial Group downgraded shares of Global Payments from a “buy” rating to a “hold” rating and set a $75.00 price target on the stock. in a research report on Friday, April 18th. Finally, Citigroup reiterated a “buy” rating on shares of Global Payments in a research note on Monday, April 21st.

Hedge Funds Weigh In On Global Payments

Several hedge funds and other institutional investors have recently modified their holdings of GPN. Norges Bank acquired a new position in Global Payments during the 4th quarter worth approximately $345,823,000. Pzena Investment Management LLC boosted its stake in shares of Global Payments by 25.0% in the fourth quarter. Pzena Investment Management LLC now owns 8,298,846 shares of the business services provider’s stock valued at $929,969,000 after purchasing an additional 1,659,984 shares during the period. SG Americas Securities LLC grew its holdings in Global Payments by 75,379.7% during the 1st quarter. SG Americas Securities LLC now owns 1,517,141 shares of the business services provider’s stock valued at $148,558,000 after purchasing an additional 1,515,131 shares in the last quarter. Contour Asset Management LLC purchased a new stake in Global Payments during the 4th quarter worth $147,695,000. Finally, Nuveen LLC purchased a new stake in Global Payments during the 1st quarter worth $94,107,000. 89.76% of the stock is owned by institutional investors and hedge funds.

Global Payments Stock Up 2.3%

GPN stock opened at $80.73 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. Global Payments has a 1-year low of $65.93 and a 1-year high of $120.00. The stock has a market cap of $19.69 billion, a price-to-earnings ratio of 13.06, a price-to-earnings-growth ratio of 0.86 and a beta of 0.93. The company’s 50 day moving average is $78.41 and its 200 day moving average is $97.48.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Tuesday, May 6th. The business services provider reported $2.82 EPS for the quarter, beating the consensus estimate of $2.73 by $0.09. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.20 billion. Global Payments had a return on equity of 12.21% and a net margin of 15.54%. The company’s revenue was down .3% on a year-over-year basis. During the same period in the prior year, the company earned $2.59 EPS. Sell-side analysts predict that Global Payments will post 11.89 EPS for the current fiscal year.

Global Payments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Friday, June 13th. Global Payments’s payout ratio is 16.13%.

Global Payments Company Profile

Global Payments Inc provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through two segments, Merchant Solutions and Issuer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services.