Global Payments (NYSE:GPN) Sets New 52-Week Low Following Analyst Downgrade

Global Payments Inc. (NYSE:GPN) shares reached a new 52-week low on Wednesday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from $75.00 to $70.00. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock. Global Payments traded as low as $62.24 and last traded at $64.0650, with a volume of 90377 shares traded. The stock had previously closed at $63.81.

A number of other analysts have also recently weighed in on GPN. Argus dropped their price target on Global Payments from $100.00 to $95.00 in a research report on Friday, May 8th. Cantor Fitzgerald dropped their target price on Global Payments from $88.00 to $76.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Citigroup cut their target price on Global Payments from $110.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Keefe, Bruyette & Woods reduced their price target on shares of Global Payments from $90.00 to $76.00 and set a “market perform” rating for the company in a report on Tuesday, April 7th. Finally, TD Cowen dropped their price objective on shares of Global Payments from $91.00 to $86.00 and set a “hold” rating on the stock in a report on Tuesday, April 7th. Five equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $85.27.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Brighton Jones LLC bought a new stake in shares of Global Payments in the 4th quarter worth $725,000. Caxton Associates LLP bought a new position in shares of Global Payments during the 1st quarter valued at about $243,000. Intech Investment Management LLC raised its holdings in shares of Global Payments by 43.5% in the 1st quarter. Intech Investment Management LLC now owns 14,462 shares of the business services provider’s stock worth $1,416,000 after purchasing an additional 4,386 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Global Payments by 7.3% during the second quarter. Daiwa Securities Group Inc. now owns 41,577 shares of the business services provider’s stock valued at $3,327,000 after purchasing an additional 2,840 shares during the last quarter. Finally, AXA S.A. boosted its holdings in Global Payments by 236.6% during the second quarter. AXA S.A. now owns 28,622 shares of the business services provider’s stock worth $2,291,000 after buying an additional 20,119 shares in the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Global Payments Price Performance

The company has a fifty day simple moving average of $69.06 and a 200-day simple moving average of $73.23. The company has a market cap of $17.16 billion, a P/E ratio of -30.78, a PEG ratio of 0.36 and a beta of 0.76. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.79 and a quick ratio of 0.79.

Global Payments (NYSE:GPN) last issued its earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.82 by $0.14. Global Payments had a positive return on equity of 13.11% and a negative net margin of 7.99%.The business had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same period in the previous year, the firm posted $2.82 EPS. The company’s quarterly revenue was up 63.1% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, sell-side analysts predict that Global Payments Inc. will post 13.88 earnings per share for the current year.

Global Payments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, June 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.6%. Global Payments’s payout ratio is currently -49.02%.

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.