Global Payments (NYSE:GPN) Stock Price Breaks Above 200 Day Moving Average – What’s Next?

Global Payments Inc. (NYSE:GPN) shares passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $76.57 and traded as high as $84.57. Global Payments shares last traded at $83.3510, with a volume of 1,802,061 shares traded.

Analyst Upgrades and Downgrades

GPN has been the subject of several analyst reports. BMO Capital Markets restated a “market perform” rating and set a $83.00 target price on shares of Global Payments in a research report on Thursday, August 6th. Keefe, Bruyette & Woods lifted their price objective on Global Payments from $76.00 to $95.00 and gave the company a “market perform” rating in a report on Thursday, August 6th. HC Wainwright assumed coverage on shares of Global Payments in a research note on Thursday, August 6th. They issued a “buy” rating on the stock. Susquehanna set a $111.00 target price on shares of Global Payments and gave the stock a “positive” rating in a report on Wednesday, June 3rd. Finally, Piper Sandler set a $101.00 target price on shares of Global Payments and gave the stock a “neutral” rating in a research report on Thursday, September 10th. Ten equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $94.48.

Global Payments Trading Down 1.7%

The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market cap of $21.23 billion, a P/E ratio of -26.93, a P/E/G ratio of 0.45 and a beta of 0.78. The company has a 50-day simple moving average of $88.29 and a 200-day simple moving average of $76.65.

Global Payments (NYSE:GPN) last announced its earnings results 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 positive return on equity of 13.80% and a negative net margin of 9.16%.The company had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter in the prior year, the business earned $3.10 earnings per share. 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. On average, sell-side analysts forecast that Global Payments Inc. will post 13.64 EPS for the current fiscal year.

Global Payments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, September 11th. Global Payments’s dividend payout ratio (DPR) is presently -33.56%.

Hedge Funds Weigh In On Global Payments

A number of institutional investors have recently modified their holdings of the stock. Westpac Banking Corp boosted its holdings in Global Payments by 5,795.1% in the fourth quarter. Westpac Banking Corp now owns 57,182 shares of the business services provider’s stock valued at $4,426,000 after acquiring an additional 56,212 shares during the last quarter. Gtcr LLC bought a new stake in Global Payments during the 1st quarter worth about $2,911,939,000. Gradient Investments LLC raised its holdings in Global Payments by 156.9% during the 2nd quarter. Gradient Investments LLC now owns 45,565 shares of the business services provider’s stock worth $3,306,000 after purchasing an additional 27,828 shares during the last quarter. Hsbc Holdings PLC lifted its position in Global Payments by 40.0% during the 2nd quarter. Hsbc Holdings PLC now owns 912,590 shares of the business services provider’s stock valued at $65,864,000 after purchasing an additional 260,606 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in Global Payments by 18.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,431,107 shares of the business services provider’s stock valued at $110,768,000 after purchasing an additional 227,317 shares during the period. 89.76% of the stock is owned by institutional investors.

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.