Jefferies Financial Group Cuts Global Payments (NYSE:GPN) Price Target to $75.00

Global Payments (NYSE:GPN) had its price objective decreased by Jefferies Financial Group from $85.00 to $75.00 in a research report report published on Monday morning,MarketScreener reports. Jefferies Financial Group currently has a hold rating on the business services provider’s stock.

Several other research analysts have also recently weighed in on the stock. KeyCorp cut shares of Global Payments from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, October 22nd. Cowen restated a “hold” rating on shares of Global Payments in a research report on Wednesday, November 5th. Royal Bank Of Canada boosted their target price on shares of Global Payments from $93.00 to $95.00 and gave the company a “sector perform” rating in a report on Wednesday, November 5th. JPMorgan Chase & Co. increased their price target on shares of Global Payments from $85.00 to $95.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Finally, TD Cowen raised their price target on shares of Global Payments from $92.00 to $95.00 and gave the stock a “hold” rating in a report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $103.90.

Global Payments Price Performance

GPN stock opened at $74.94 on Monday. Global Payments has a 1 year low of $65.93 and a 1 year high of $120.00. 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 capitalization of $17.74 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 0.76 and a beta of 0.95. The business has a 50 day simple moving average of $81.73 and a 200-day simple moving average of $81.65.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Tuesday, November 4th. The business services provider reported $3.26 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.03. The firm had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.41 billion. Global Payments had a return on equity of 12.47% and a net margin of 15.07%.During the same quarter last year, the business posted $3.08 earnings per share. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. Equities research analysts anticipate that Global Payments will post 11.89 earnings per share for the current fiscal year.

Global Payments Announces Dividend

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

Insider Buying and Selling

In related news, Director Patricia A. Watson bought 1,331 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was purchased at an average price of $75.06 per share, for a total transaction of $99,904.86. Following the acquisition, the director owned 2,651 shares of the company’s stock, valued at approximately $198,984.06. This trade represents a 100.83% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Connie D. Mcdaniel sold 4,464 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $77.81, for a total value of $347,343.84. Following the completion of the sale, the director directly owned 30,014 shares in the company, valued at approximately $2,335,389.34. The trade was a 12.95% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.01% of the company’s stock.

Hedge Funds Weigh In On Global Payments

Several institutional investors have recently bought and sold shares of GPN. Vanguard Group Inc. lifted its position in shares of Global Payments by 0.6% during the third quarter. Vanguard Group Inc. now owns 23,542,460 shares of the business services provider’s stock worth $1,955,908,000 after purchasing an additional 149,441 shares in the last quarter. Pzena Investment Management LLC increased its stake in Global Payments by 32.6% during the 2nd quarter. Pzena Investment Management LLC now owns 11,050,253 shares of the business services provider’s stock worth $884,462,000 after buying an additional 2,716,156 shares during the period. Ameriprise Financial Inc. increased its stake in 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 worth $610,633,000 after buying an additional 499,695 shares during the period. Glenview Capital Management LLC lifted its holdings in Global Payments by 13.8% during 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 buying an additional 523,209 shares in the last quarter. Finally, Norges Bank purchased a new position in Global Payments in the 2nd quarter valued at approximately $273,844,000. 89.76% of the stock is owned by institutional investors and hedge funds.

About Global Payments

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.