Global Payments (NYSE:GPN) Price Target Raised to $95.00

Global Payments (NYSE:GPN) had its price target upped by TD Cowen from $92.00 to $95.00 in a report issued on Wednesday,Benzinga reports. TD Cowen currently has a hold rating on the business services provider’s stock.

Other equities research analysts also recently issued research reports about the company. Raymond James Financial reaffirmed an “outperform” rating and issued a $105.00 price objective on shares of Global Payments in a research report on Tuesday. Wells Fargo & Company raised Global Payments to a “strong-buy” rating in a research note on Wednesday, October 22nd. Truist Financial lifted their price target on Global Payments from $79.00 to $83.00 and gave the company a “hold” rating in a report on Thursday, July 17th. B. Riley reaffirmed a “buy” rating on shares of Global Payments in a research note on Wednesday, July 16th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Global Payments from $81.00 to $85.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to MarketBeat, Global Payments has a consensus rating of “Hold” and an average target price of $104.10.

Global Payments Stock Performance

NYSE:GPN opened at $75.96 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market cap of $18.43 billion, a PE ratio of 13.28, a P/E/G ratio of 0.76 and a beta of 0.95. The firm has a 50 day simple moving average of $84.93 and a 200-day simple moving average of $81.81. Global Payments has a 1-year low of $65.93 and a 1-year high of $120.00.

Global Payments (NYSE:GPN) last announced its earnings results on Tuesday, November 4th. The business services provider reported $3.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.23 by $0.03. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.41 billion. Global Payments had a net margin of 15.07% and a return on equity of 12.47%. During the same quarter last year, the business earned $3.08 earnings per share. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. On average, equities analysts expect that Global Payments will post 11.89 EPS for the current year.

Global Payments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Friday, December 12th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, December 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. Global Payments’s payout ratio is presently 14.04%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of GPN. Thomasville National Bank grew its stake in Global Payments by 0.7% during the third quarter. Thomasville National Bank now owns 17,848 shares of the business services provider’s stock worth $1,483,000 after buying an additional 125 shares during the period. LRI Investments LLC lifted its holdings in shares of Global Payments by 53.4% during the 2nd quarter. LRI Investments LLC now owns 382 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 133 shares in the last quarter. Deseret Mutual Benefit Administrators lifted its holdings in shares of Global Payments by 23.4% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 802 shares of the business services provider’s stock valued at $67,000 after acquiring an additional 152 shares in the last quarter. Swedbank AB boosted its position in Global Payments by 0.3% during the 3rd quarter. Swedbank AB now owns 51,177 shares of the business services provider’s stock worth $4,252,000 after purchasing an additional 154 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Global Payments by 5.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 3,027 shares of the business services provider’s stock valued at $242,000 after purchasing an additional 158 shares in the last quarter. Hedge funds and other institutional investors own 89.76% of the company’s stock.

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.