Global Payments (NYSE:GPN) Given New $116.00 Price Target at Wells Fargo & Company

Global Payments (NYSE:GPN) had its target price upped by Wells Fargo & Company from $103.00 to $116.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have an overweight rating on the business services provider’s stock.

Several other equities research analysts have also recently issued reports on the stock. HC Wainwright started coverage on shares of Global Payments in a research report on Thursday, August 6th. They set a “buy” rating for the company. Royal Bank Of Canada reissued a “sector perform” rating and issued a $106.00 price target (up from $102.00) on shares of Global Payments in a research note on Monday, August 31st. Weiss Ratings raised shares of Global Payments from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Loop Capital began coverage on shares of Global Payments in a report on Thursday, September 24th. They set a “buy” rating and a $137.00 price target for the company. Finally, KeyCorp lifted their price target on shares of Global Payments from $105.00 to $112.00 and gave the company an “overweight” rating in a research report on Friday. Thirteen research 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 MarketBeat.com, Global Payments currently has a consensus rating of “Hold” and a consensus target price of $96.52.

Global Payments Stock Performance

GPN stock traded up $2.44 during midday trading on Friday, hitting $97.42. 3,648,076 shares of the stock traded hands, compared to its average volume of 2,805,904. The firm has a market cap of $25.78 billion, a P/E ratio of -21.36, a PEG ratio of 0.49 and a beta of 0.83. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.82. The stock’s fifty day simple moving average is $86.72 and its 200-day simple moving average is $77.54. Global Payments has a 1-year low of $61.16 and a 1-year high of $101.32.

Global Payments (NYSE:GPN) last issued its quarterly earnings data on Thursday, November 5th. The business services provider reported $3.58 earnings per share for the quarter, hitting analysts’ consensus estimates of $3.58. Global Payments had a negative net margin of 9.16% and a positive return on equity of 13.80%. The business had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter in the prior year, the firm posted $3.26 earnings per share. The company’s revenue was up 36.1% compared to the same quarter last year. On average, analysts expect that Global Payments will post 13.64 earnings per share for the current year.

Global Payments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 24th. Investors of record on Thursday, December 10th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $1.00 annualized dividend and a yield of 1.0%. Global Payments’s dividend payout ratio is presently -33.56%.

Hedge Funds Weigh In On Global Payments

Several institutional investors have recently bought and sold shares of the company. Western Wealth Management LLC acquired a new position in shares of Global Payments in the first quarter worth $34,000. Nvwm LLC purchased a new stake in Global Payments during the 3rd quarter worth about $41,000. Jacobi Capital Management LLC acquired a new stake in Global Payments in the 3rd quarter valued at about $47,000. Geneos Wealth Management Inc. raised its position in Global Payments by 48.5% in the 1st 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. Finally, Fortitude Family Office LLC boosted its stake in shares of Global Payments by 365.7% in the 3rd quarter. Fortitude Family Office LLC now owns 624 shares of the business services provider’s stock valued at $51,000 after buying an additional 490 shares during the period. 89.76% of the stock is owned by institutional investors and hedge funds.

More Global Payments News

Here are the key news stories impacting Global Payments this week:

• Positive Sentiment: Wells Fargo raised its price target to $116 from $103 and kept an Overweight rating, implying about 19% upside from the cited share price. Wells Fargo rating
• Positive Sentiment: KeyBanc lifted its target to $112 from $105 and maintained an Overweight rating, citing potential upside of about 15%. KeyBanc price target update
• Positive Sentiment: Q3 adjusted EPS of $3.58 met the company’s consensus estimate and rose from $3.26 a year earlier. Coverage pointed to Genius adoption, higher enterprise volumes, expanding margins, and progress integrating Worldpay as growth drivers. Q3 earnings and growth drivers
• Neutral Sentiment: Global Payments reaffirmed its 2026 adjusted EPS outlook of $13.60–$13.80, a range that includes the cited analyst estimate of $13.64. This supports continuity but offers little change to expectations. FY26 outlook update
• Neutral Sentiment: The company reportedly pushed back on rumors that it plans to go private; the report did not indicate a transaction or other change in strategy. Report on going-private rumors

About Global Payments

Global Payments Inc is a payment technology and software company that helps businesses accept and manage payments. Its services support in-person, online and mobile transactions, along with point-of-sale systems and software for business operations.

The company also provides technology to financial institutions and other organizations that issue payment cards. Its services include card processing, account management and related digital tools.

Global Payments serves customers across a range of industries and operates internationally, with services available in many countries.