Rothschild & Co Redburn Issues Positive Forecast for Global Payments (NYSE:GPN) Stock Price

Global Payments (NYSE:GPN) had its price target hoisted by Rothschild & Co Redburn from $65.00 to $70.00 in a research note released on Wednesday,MarketScreener reports. The firm currently has a sell rating on the business services provider’s stock.

A number of other research analysts have also recently commented on GPN. Truist Financial cut their target price on Global Payments from $90.00 to $84.00 and set a “hold” rating on the stock in a research note on Thursday, November 13th. Wells Fargo & Company raised Global Payments to a “strong-buy” rating in a research report on Wednesday, October 22nd. Citigroup upgraded Global Payments to a “strong-buy” rating in a research report on Thursday, October 23rd. Royal Bank Of Canada upped their price target on shares of Global Payments from $93.00 to $95.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 5th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $105.00 price objective on shares of Global Payments in a report on Tuesday, November 4th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $102.29.

Global Payments Stock Up 1.6%

NYSE GPN opened at $79.94 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.57. Global Payments has a 52 week low of $65.93 and a 52 week high of $118.86. The firm has a market capitalization of $18.93 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 0.72 and a beta of 0.82. The company has a fifty day moving average of $80.80 and a two-hundred day moving average of $81.46.

Global Payments (NYSE:GPN) last announced its earnings results on Tuesday, November 4th. The business services provider reported $3.26 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.03. Global Payments had a net margin of 19.68% and a return on equity of 12.66%. The business had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the prior year, the firm posted $3.08 earnings per share. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. On average, analysts predict that Global Payments will post 11.89 earnings per share for the current year.

Global Payments Announces Dividend

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 given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $1.00 dividend on an annualized basis and a yield of 1.3%. Global Payments’s dividend payout ratio (DPR) is 14.04%.

Insider Activity

In related news, Director Patricia A. Watson bought 1,331 shares of the 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 completion of the acquisition, the director directly owned 2,651 shares in the company, valued at approximately $198,984.06. This represents a 100.83% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Connie D. Mcdaniel sold 4,464 shares of the stock in a transaction 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 sale, the director directly owned 30,014 shares in the company, valued at $2,335,389.34. This trade represents a 12.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.01% of the company’s stock.

Hedge Funds Weigh In On Global Payments

Several institutional investors and hedge funds have recently added to or reduced their stakes in GPN. Thomasville National Bank raised its position in Global Payments by 0.7% during the third quarter. Thomasville National Bank now owns 17,848 shares of the business services provider’s stock valued at $1,483,000 after acquiring an additional 125 shares in the last quarter. LRI Investments LLC increased its stake in shares of Global Payments by 53.4% during the 2nd quarter. LRI Investments LLC now owns 382 shares of the business services provider’s stock worth $31,000 after purchasing an additional 133 shares during the last quarter. Deseret Mutual Benefit Administrators raised its holdings in shares of Global Payments by 23.4% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 802 shares of the business services provider’s stock valued at $67,000 after purchasing an additional 152 shares in the last quarter. Swedbank AB lifted its stake in shares of Global Payments by 0.3% in the 3rd quarter. Swedbank AB now owns 51,177 shares of the business services provider’s stock valued at $4,252,000 after purchasing an additional 154 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Global Payments by 5.5% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 3,027 shares of the business services provider’s stock valued at $242,000 after purchasing an additional 158 shares during the last quarter. Hedge funds and other institutional investors own 89.76% of the company’s stock.

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.