Global Payments (NYSE:GPN) Coverage Initiated by Analysts at The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of Global Payments (NYSE:GPN) in a report published on Monday. The firm issued a neutral rating and a $88.00 price objective on the business services provider’s stock.

GPN has been the topic of several other research reports. Wells Fargo & Company lifted their target price on shares of Global Payments from $103.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft started coverage on shares of Global Payments in a report on Wednesday, January 14th. They set a “hold” rating and a $80.00 price target for the company. UBS Group reiterated a “neutral” rating and issued a $87.00 price objective (up from $80.00) on shares of Global Payments in a research note on Thursday, February 19th. JPMorgan Chase & Co. cut their price objective on Global Payments from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, February 12th. Finally, Raymond James Financial raised Global Payments to a “moderate buy” rating in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $91.36.

Global Payments Stock Down 2.1%

NYSE:GPN opened at $74.83 on Monday. The business’s fifty day moving average price is $75.21 and its 200 day moving average price is $79.86. The firm has a market capitalization of $20.94 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 0.42 and a beta of 0.73. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.83. Global Payments has a 1-year low of $65.93 and a 1-year high of $100.56.

Global Payments (NYSE:GPN) last posted its quarterly earnings results on Wednesday, February 18th. The business services provider reported $3.18 EPS for the quarter, beating the consensus estimate of $3.16 by $0.02. Global Payments had a net margin of 16.92% and a return on equity of 12.72%. The business had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the previous year, the company posted $2.85 EPS. Global Payments’s revenue was up 1.4% 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 forecast that Global Payments will post 11.89 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 9th will be given a $0.25 dividend. The ex-dividend date is Monday, March 9th. This represents a $1.00 annualized dividend and a yield of 1.3%. Global Payments’s payout ratio is presently 17.27%.

Insider Transactions at Global Payments

In other Global Payments news, EVP David M. Sheffield sold 2,016 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $81.41, for a total value of $164,122.56. Following the completion of the transaction, the executive vice president directly owned 14,438 shares of the company’s stock, valued at approximately $1,175,397.58. The trade was a 12.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert H. B. Baldwin, Jr. purchased 10,392 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was purchased at an average price of $81.42 per share, for a total transaction of $846,116.64. Following the acquisition, the director owned 59,303 shares of the company’s stock, valued at $4,828,450.26. The trade was a 21.25% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.01% of the company’s stock.

Institutional Trading of Global Payments

Several hedge funds have recently added to or reduced their stakes in GPN. North Star Investment Management Corp. boosted its holdings in shares of Global Payments by 242.2% in the third quarter. North Star Investment Management Corp. now owns 308 shares of the business services provider’s stock valued at $26,000 after buying an additional 218 shares during the period. Root Financial Partners LLC acquired a new stake in shares of Global Payments during the third quarter worth $27,000. Strive Financial Group LLC bought a new stake in Global Payments in the 4th quarter valued at $25,000. REAP Financial Group LLC bought a new stake in Global Payments in the 3rd quarter valued at $28,000. Finally, DV Equities LLC acquired a new position in Global Payments in the 4th quarter worth $26,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

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.