Research Analysts’ Weekly Ratings Changes for Global Payments (GPN)

A number of firms have modified their ratings and price targets on shares of Global Payments (NYSE: GPN) recently:

• 5/5/2023 – Global Payments was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 5/5/2023 – Global Payments is now covered by analysts at Evercore ISI. They set a $116.00 price target on the stock.
• 5/4/2023 – Global Payments had its “maintains” rating reaffirmed by analysts at 51job, Inc..
• 5/4/2023 – Global Payments had its “maintains” rating reaffirmed by analysts at 92 Resources Corp.
• 5/4/2023 – Global Payments had its price target lowered by analysts at Mizuho from $120.00 to $110.00.
• 5/2/2023 – Global Payments had its price target lowered by analysts at Raymond James from $160.00 to $156.00.
• 4/28/2023 – Global Payments is now covered by analysts at Citigroup Inc.. They set a “buy” rating and a $136.00 price target on the stock.
• 4/27/2023 – Global Payments was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 4/24/2023 – Global Payments had its price target raised by analysts at KeyCorp from $115.00 to $125.00.
• 4/19/2023 – Global Payments had its price target lowered by analysts at Oppenheimer Holdings Inc. from $123.00 to $122.00. They now have an “outperform” rating on the stock.
• 4/19/2023 – Global Payments was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating. They now have a $156.00 price target on the stock, up previously from $130.00.
• 4/18/2023 – Global Payments is now covered by analysts at JPMorgan Chase & Co.. They set a “neutral” rating and a $124.00 price target on the stock.
• 4/12/2023 – Global Payments was upgraded by analysts at The Goldman Sachs Group, Inc. from a “neutral” rating to a “buy” rating. They now have a $127.00 price target on the stock.
• 3/30/2023 – Global Payments is now covered by analysts at Barclays PLC. They set an “overweight” rating on the stock.

Global Payments Stock Performance

GPN opened at $100.51 on Wednesday. The company has a market capitalization of $26.33 billion, a price-to-earnings ratio of -213.85, a price-to-earnings-growth ratio of 0.68 and a beta of 1.00. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.92 and a quick ratio of 0.92. Global Payments Inc. has a 1-year low of $92.27 and a 1-year high of $136.88. The business has a 50 day moving average price of $103.96 and a two-hundred day moving average price of $104.96.

Global Payments (NYSE:GPN – Get Rating) last announced its quarterly earnings data on Monday, May 1st. The business services provider reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.09. Global Payments had a positive return on equity of 10.67% and a negative net margin of 1.58%. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the firm earned $1.97 EPS. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. Research analysts predict that Global Payments Inc. will post 9.68 EPS for the current fiscal year.

Global Payments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.99%. Global Payments’s payout ratio is currently -212.77%.

Insider Activity

In other news, CAO David M. Sheffield sold 1,562 shares of the company’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $113.08, for a total value of $176,630.96. Following the transaction, the chief accounting officer now directly owns 28,032 shares of the company’s stock, valued at $3,169,858.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Global Payments

Several institutional investors have recently bought and sold shares of the stock. Glassman Wealth Services grew its position in Global Payments by 94.3% during the first quarter. Glassman Wealth Services now owns 239 shares of the business services provider’s stock worth $25,000 after buying an additional 116 shares in the last quarter. James Investment Research Inc. acquired a new stake in Global Payments during the fourth quarter valued at approximately $26,000. Clear Street Markets LLC acquired a new stake in Global Payments during the fourth quarter valued at approximately $27,000. Venturi Wealth Management LLC acquired a new stake in Global Payments during the first quarter valued at approximately $29,000. Finally, MV Capital Management Inc. boosted its holdings in Global Payments by 166.7% during the first quarter. MV Capital Management Inc. now owns 296 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 185 shares in the last quarter. 87.58% of the stock is currently owned by institutional investors.

Global Payments, Inc engages in the provision of payment technology and software solutions. It operates through the following segments: Merchant Solutions, Issuer Solutions and Business & Consumer Solutions. The Merchant Solutions segment provides payments technology and software solutions to customers globally.