Global Payments Inc. (NYSE:GPN) Stock Has Average Target Price of $95.86 According to Brokerages

Shares of Global Payments Inc. (NYSE:GPN) have received an average recommendation of “Hold” from the thirty-two ratings firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, sixteen have assigned a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $96.17.

Several brokerages recently commented on GPN. Argus set a $110.00 target price on shares of Global Payments and gave the stock a “buy” rating in a research note on Thursday, August 6th. Wells Fargo & Company dropped their price target on shares of Global Payments from $105.00 to $95.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. KeyCorp raised shares of Global Payments from a “sector weight” rating to an “overweight” rating and set a $105.00 price target on the stock in a report on Monday. The Goldman Sachs Group boosted their price objective on shares of Global Payments from $82.00 to $94.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Finally, Bank of America began coverage on shares of Global Payments in a research report on Thursday, October 15th. They issued a “buy” rating and a $114.00 price objective on the stock.

Global Payments Trading Up 1.3%

NYSE GPN opened at $84.73 on Friday. Global Payments has a 1-year low of $61.16 and a 1-year high of $95.88. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.90. The stock has a 50-day moving average of $87.39 and a 200-day moving average of $77.83. The firm has a market cap of $22.42 billion, a PE ratio of -28.43, a price-to-earnings-growth ratio of 0.41 and a beta of 0.80.

Global Payments (NYSE:GPN) last issued its earnings results on Wednesday, August 5th. The business services provider reported $3.46 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $3.16 billion. During the same period in the prior year, the business posted $3.10 EPS. Global Payments’s quarterly revenue was up 68.6% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. As a group, sell-side analysts forecast that Global Payments will post 13.64 EPS for the current year.

Global Payments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, September 11th. Global Payments’s dividend payout ratio is currently -33.56%.

Institutional Trading of Global Payments

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GPN. Gtcr LLC purchased a new position in Global Payments during the 1st quarter valued at approximately $2,911,939,000. Pzena Investment Management LLC bought a new stake in Global Payments in the 2nd quarter worth approximately $848,344,000. Dimensional Fund Advisors LP increased its stake in Global Payments by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,117,172 shares of the business services provider’s stock worth $142,478,000 after acquiring an additional 23,293 shares during the last quarter. Deutsche Bank AG purchased a new stake in shares of Global Payments during the 2nd quarter worth approximately $138,781,000. Finally, Legal & General Group Plc purchased a new stake in shares of Global Payments during the 2nd quarter worth approximately $120,036,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.

About Global Payments

Global Payments Inc (NYSE:GPN) is a financial technology and payments company that provides software and payment solutions to businesses, financial institutions and other organizations. Its services help merchants accept payments through credit cards, debit cards, digital wallets and other electronic methods across in-store, online and mobile channels.

The company offers payment processing, point-of-sale technology, commerce management software, payment security and reporting tools. Its solutions are used in industries including retail, restaurants, hospitality, healthcare, education and government.