Global Payments (NYSE:GPN) Upgraded at Oppenheimer

Oppenheimer upgraded shares of Global Payments (NYSE:GPN) from a market perform rating to an outperform rating in a research report released on Thursday morning, Marketbeat Ratings reports. The firm currently has $115.00 price objective on the business services provider’s stock.

Several other research analysts have also recently issued reports on GPN. Loop Capital initiated coverage on Global Payments in a report on Thursday, September 24th. They issued a “buy” rating and a $137.00 price target on the stock. Keefe, Bruyette & Woods lifted their target price on Global Payments from $76.00 to $95.00 and gave the stock a “market perform” rating in a 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 report on Thursday, September 10th. Robert W. Baird set a $120.00 target price on Global Payments in a research report on Thursday, August 6th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Global Payments in a report on Friday, August 7th. Eleven investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $95.21.

Global Payments Stock Performance

NYSE:GPN opened at $82.20 on Thursday. Global Payments has a twelve month low of $61.16 and a twelve month high of $95.88. 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 has a 50-day moving average of $87.88 and a 200-day moving average of $77.19. The firm has a market cap of $21.75 billion, a price-to-earnings ratio of -27.59, a price-to-earnings-growth ratio of 0.45 and a beta of 0.80.

Global Payments (NYSE:GPN) last released its earnings results 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 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 the consensus estimate 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% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. Analysts forecast that Global Payments will post 13.64 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, September 11th. Global Payments’s payout ratio is -33.56%.

Institutional Trading of Global Payments

Hedge funds and other institutional investors have recently modified their holdings of the business. Gtcr LLC purchased a new stake in Global Payments in the 1st quarter worth about $2,911,939,000. Pzena Investment Management LLC purchased a new position in Global Payments during the 2nd quarter valued at about $848,344,000. Deutsche Bank AG acquired a new position in shares of Global Payments in the 2nd quarter valued at about $138,781,000. Legal & General Group Plc acquired a new position in shares of Global Payments in the 2nd quarter valued at about $120,036,000. Finally, Davis Asset Management L.P. purchased a new stake in shares of Global Payments in the second quarter worth approximately $107,752,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

About Global Payments

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.