Global Payments Inc. (NYSE:GPN – Get Free Report) has earned a consensus rating of “Hold” from the twenty-eight brokerages that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and ten have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $90.68.
Several research firms have recently weighed in on GPN. BTIG Research reaffirmed a “neutral” rating on shares of Global Payments in a research note on Tuesday, June 9th. Argus set a $110.00 price objective on Global Payments and gave the stock a “buy” rating in a research note on Thursday. Robert W. Baird set a $120.00 price objective on Global Payments in a report on Thursday. Deutsche Bank Aktiengesellschaft decreased their target price on Global Payments from $75.00 to $70.00 and set a “hold” rating for the company in a research report on Tuesday, June 9th. Finally, UBS Group started coverage on Global Payments in a report on Thursday. They issued a “buy” rating for the company.
Check Out Our Latest Research Report on GPN
Global Payments Trading Down 0.0%
Global Payments (NYSE:GPN – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The business services provider reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.44 by $0.02. The company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Global Payments had a negative net margin of 9.16% and a positive return on equity of 13.80%. The firm’s quarterly revenue was up 68.6% on a year-over-year basis. During the same period in the previous year, the company earned $3.10 EPS. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. On average, research analysts anticipate that Global Payments will post 13.69 EPS for the current year.
Global Payments Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, September 11th. This represents a $1.00 annualized dividend and a dividend yield of 1.2%. Global Payments’s dividend payout ratio (DPR) is currently -33.56%.
Institutional Trading of Global Payments
Hedge funds have recently added to or reduced their stakes in the business. Gtcr LLC bought a new stake in shares of Global Payments in the 1st quarter valued at about $2,911,939,000. Pzena Investment Management LLC bought a new position in shares of Global Payments during the second quarter valued at approximately $848,344,000. Norges Bank bought a new position in shares of Global Payments during the fourth quarter valued at approximately $276,014,000. Deutsche Bank AG purchased a new position in Global Payments during the second quarter valued at approximately $138,781,000. Finally, Bank of New York Mellon Corp purchased a new position in Global Payments during the second quarter valued at approximately $99,702,000. 89.76% of the stock is owned by hedge funds and other 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.
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