Global Payments Inc. (NYSE:GPN) Receives Consensus Rating of “Hold” from Analysts

Global Payments Inc. (NYSE:GPN) has been assigned a consensus rating of “Hold” from the twenty-four ratings firms that are presently covering the company, MarketBeat.com reports. Fifteen research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $103.90.

Several analysts recently issued reports on GPN shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Global Payments in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upped their target price on Global Payments from $85.00 to $95.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Royal Bank Of Canada raised their target price on Global Payments from $93.00 to $95.00 and gave the company a “sector perform” rating in a report on Wednesday, November 5th. Raymond James Financial reiterated an “outperform” rating and issued a $105.00 price target on shares of Global Payments in a research note on Tuesday, November 4th. Finally, UBS Group boosted their price target on Global Payments from $85.00 to $93.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th.

Global Payments Stock Up 1.7%

GPN stock opened at $74.04 on Wednesday. The company has a market cap of $17.53 billion, a PE ratio of 12.94, 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 $81.94 and a 200 day simple moving average of $81.70. Global Payments has a 52 week low of $65.93 and a 52 week high of $120.00. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61.

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

Global Payments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Friday, December 12th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $1.00 annualized dividend and a yield of 1.4%. Global Payments’s payout ratio is presently 14.04%.

Insider Transactions at Global Payments

In related news, Director Connie D. Mcdaniel sold 4,464 shares of the 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 transaction, the director owned 30,014 shares of the company’s stock, valued at $2,335,389.34. This represents a 12.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Patricia A. Watson bought 1,331 shares of the business’s stock in a transaction on Friday, November 7th. The stock was bought at an average price of $75.06 per share, for a total transaction of $99,904.86. Following the transaction, the director directly owned 2,651 shares of the company’s stock, valued at approximately $198,984.06. This represents a 100.83% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.01% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Brighton Jones LLC acquired a new position in Global Payments in the 4th quarter worth about $725,000. Pinnacle Associates Ltd. boosted its stake in shares of Global Payments by 4.1% during the first quarter. Pinnacle Associates Ltd. now owns 4,342 shares of the business services provider’s stock valued at $425,000 after purchasing an additional 171 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Global Payments by 24.6% during the first quarter. Assetmark Inc. now owns 4,800 shares of the business services provider’s stock worth $470,000 after purchasing an additional 948 shares during the last quarter. TD Asset Management Inc increased its stake in shares of Global Payments by 0.4% in the first quarter. TD Asset Management Inc now owns 123,640 shares of the business services provider’s stock valued at $12,107,000 after buying an additional 468 shares during the period. Finally, LPL Financial LLC increased its stake in shares of Global Payments by 9.2% in the first quarter. LPL Financial LLC now owns 138,024 shares of the business services provider’s stock valued at $13,515,000 after buying an additional 11,594 shares during the period. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Global Payments Company Profile

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.