Global Payments (NYSE:GPN) Upgraded at Barclays

Barclays upgraded shares of Global Payments (NYSE:GPN) to a hold rating in a research report released on Tuesday,Zacks.com reports.

A number of other analysts have also recently commented on GPN. Argus reduced their price objective on Global Payments from $100.00 to $95.00 in a research report on Friday, May 8th. Morgan Stanley initiated coverage on Global Payments in a research report on Monday, June 22nd. They issued an “equal weight” rating and a $65.00 target price on the stock. Weiss Ratings downgraded Global Payments from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, May 11th. Truist Financial cut their price target on Global Payments from $81.00 to $76.00 and set a “hold” rating for the company in a research note on Tuesday, May 19th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Global Payments in a research report on Tuesday, June 9th. Five analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $83.33.

Global Payments Trading Up 1.8%

Shares of GPN stock opened at $74.35 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.86. Global Payments has a 12-month low of $61.16 and a 12-month high of $90.64. The stock has a market capitalization of $20.34 billion, a P/E ratio of -36.45, a P/E/G ratio of 0.41 and a beta of 0.76. The firm’s 50 day moving average is $70.17 and its 200 day moving average is $72.01.

Global Payments (NYSE:GPN) last announced its earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $0.14. The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.81 billion. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. The company’s quarterly revenue was up 63.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.82 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Research analysts expect that Global Payments will post 13.85 earnings per share for the current year.

Global Payments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were given a dividend of $0.25 per share. The ex-dividend date was Friday, June 12th. This represents a $1.00 annualized dividend and a yield of 1.3%. Global Payments’s payout ratio is -49.02%.

Institutional Trading of Global Payments

A number of hedge funds and other institutional investors have recently bought and sold shares of GPN. Gtcr LLC bought a new position in shares of Global Payments in the first quarter worth about $2,911,939,000. Pzena Investment Management LLC grew its stake in shares of Global Payments by 1.8% during the 1st quarter. Pzena Investment Management LLC now owns 11,615,577 shares of the business services provider’s stock valued at $781,728,000 after acquiring an additional 205,880 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Global Payments by 7.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,349,876 shares of the business services provider’s stock valued at $610,633,000 after acquiring an additional 499,695 shares during the period. Glenview Capital Management LLC increased its holdings in Global Payments by 13.8% in the 2nd quarter. Glenview Capital Management LLC now owns 4,316,892 shares of the business services provider’s stock worth $345,524,000 after acquiring an additional 523,209 shares in the last quarter. Finally, Norges Bank purchased a new stake in Global Payments in the 4th quarter worth approximately $276,014,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.

About Global Payments

Global Payments Inc (NYSE: GPN) is a worldwide provider of payment technology and software solutions that enables commerce for merchants, issuers and enterprises. The company develops and operates payment processing networks, point-of-sale systems and cloud-based software that facilitate electronic transactions across in-store, online and mobile channels. Its services span merchant acquiring, payment gateway services, omnichannel commerce platforms, and solutions for recurring and subscription billing.

Global Payments offers a range of products and services including integrated payment terminals and point-of-sale software, e-commerce and gateway technologies, fraud prevention and tokenization tools, and business analytics and reporting.