Global Payments (NYSE:GPN) Price Target Cut to $110.00 by Analysts at Mizuho

Global Payments (NYSE:GPN) had its price target lowered by Mizuho from $125.00 to $110.00 in a report published on Thursday,Benzinga reports. The firm currently has an outperform rating on the business services provider’s stock.

Several other equities analysts have also weighed in on GPN. Cantor Fitzgerald reissued a “neutral” rating and set a $88.00 price objective (up from $80.00) on shares of Global Payments in a report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft assumed coverage on Global Payments in a research note on Wednesday, January 14th. They issued a “hold” rating and a $80.00 target price on the stock. Stephens dropped their price target on Global Payments from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Friday, January 16th. UBS Group reiterated a “neutral” rating and set a $87.00 price target (up from $80.00) on shares of Global Payments in a research note on Thursday, February 19th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $97.00 price objective (up from $95.00) on shares of Global Payments in a report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Global Payments has an average rating of “Hold” and a consensus price target of $91.18.

Global Payments Stock Performance

Shares of GPN stock opened at $69.91 on Thursday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.69 and a current ratio of 1.69. The firm has a market cap of $19.24 billion, a price-to-earnings ratio of 12.07, a P/E/G ratio of 0.39 and a beta of 0.73. Global Payments has a 52 week low of $65.93 and a 52 week high of $99.99. The firm’s 50-day simple moving average is $73.33 and its two-hundred day simple moving average is $78.37.

Global Payments (NYSE:GPN) last released its earnings results on Wednesday, February 18th. The business services provider reported $3.18 earnings per share for the quarter, beating analysts’ consensus estimates of $3.16 by $0.02. Global Payments had a net margin of 16.92% and a return on equity of 12.72%. The firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the prior year, the firm earned $2.85 EPS. The company’s revenue was up 1.4% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. As a group, equities analysts forecast that Global Payments will post 11.89 earnings per share for the current year.

Global Payments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 9th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $1.00 annualized dividend and a yield of 1.4%. Global Payments’s payout ratio is 17.27%.

Institutional Trading of Global Payments

Several institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC purchased a new stake in Global Payments during the 4th quarter valued at about $725,000. Caxton Associates LLP purchased a new stake in Global Payments in the first quarter worth $243,000. Intech Investment Management LLC boosted its stake in shares of Global Payments by 43.5% during the 1st quarter. Intech Investment Management LLC now owns 14,462 shares of the business services provider’s stock valued at $1,416,000 after purchasing an additional 4,386 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Global Payments by 1.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,649,083 shares of the business services provider’s stock valued at $131,993,000 after acquiring an additional 24,795 shares in the last quarter. Finally, Jefferies Financial Group Inc. boosted its position in shares of Global Payments by 35.6% during the second quarter. Jefferies Financial Group Inc. now owns 6,200 shares of the business services provider’s stock valued at $496,000 after purchasing an additional 1,627 shares in the last quarter. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

Global Payments Company Profile

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.