Global Payments (NYSE:GPN) Upgraded to “Hold” at BMO Capital Markets

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

GPN has been the topic of a number of other research reports. Truist Financial set a $85.00 target price on Global Payments in a research note on Tuesday, January 20th. Keefe, Bruyette & Woods decreased their price objective on Global Payments from $90.00 to $76.00 and set a “market perform” rating on the stock in a report on Tuesday, April 7th. Royal Bank Of Canada dropped their target price on Global Payments from $97.00 to $82.00 and set a “sector perform” rating for the company in a report on Wednesday, April 8th. Wells Fargo & Company upped their price target on shares of Global Payments from $103.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Finally, Citigroup dropped their price objective on shares of Global Payments from $110.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $86.40.

Global Payments Stock Performance

NYSE GPN opened at $71.58 on Tuesday. Global Payments has a 52-week low of $62.45 and a 52-week high of $90.64. The stock has a market cap of $19.70 billion, a PE ratio of 12.36, a P/E/G ratio of 0.42 and a beta of 0.76. The firm has a 50-day moving average of $71.41 and a 200-day moving average of $75.89. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.69 and a current ratio of 1.69.

Global Payments (NYSE:GPN) last released its quarterly earnings results on Wednesday, February 18th. The business services provider reported $3.18 earnings per share for the quarter, beating the consensus estimate of $3.16 by $0.02. The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.32 billion. Global Payments had a net margin of 16.92% and a return on equity of 12.72%. The business’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.85 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, sell-side analysts anticipate that Global Payments will post 13.75 EPS for the current year.

Global Payments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Monday, March 9th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, March 9th. Global Payments’s dividend payout ratio (DPR) is currently 17.27%.

Institutional Trading of Global Payments

Several institutional investors and hedge funds have recently modified their holdings of the business. Traynor Capital Management Inc. grew its position in Global Payments by 3.5% in the fourth quarter. Traynor Capital Management Inc. now owns 4,221 shares of the business services provider’s stock valued at $327,000 after acquiring an additional 141 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its holdings in shares of Global Payments by 23.4% in the third quarter. Deseret Mutual Benefit Administrators now owns 802 shares of the business services provider’s stock worth $67,000 after acquiring an additional 152 shares during the last quarter. Swedbank AB boosted its stake in shares of Global Payments by 0.3% in the 3rd quarter. Swedbank AB now owns 51,177 shares of the business services provider’s stock valued at $4,252,000 after purchasing an additional 154 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Global Payments by 1.6% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 10,260 shares of the business services provider’s stock valued at $794,000 after purchasing an additional 163 shares during the last quarter. Finally, Allworth Financial LP increased its position in Global Payments by 43.2% during the 3rd quarter. Allworth Financial LP now owns 610 shares of the business services provider’s stock worth $51,000 after purchasing an additional 184 shares in the last quarter. 89.76% of the stock is currently owned by institutional investors.

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.