Global Payments (NYSE:GPN) Hits New 12-Month Low on Analyst Downgrade

Global Payments Inc. (NYSE:GPN) shares hit a new 52-week low during mid-day trading on Friday after Mizuho lowered their price target on the stock from $125.00 to $110.00. Mizuho currently has an outperform rating on the stock. Global Payments traded as low as $65.82 and last traded at $65.7540, with a volume of 2351301 shares changing hands. The stock had previously closed at $69.97.

GPN has been the subject of several other reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Global Payments in a report on Thursday, January 22nd. Truist Financial set a $85.00 target price on shares of Global Payments in a research note on Tuesday, January 20th. Rothschild & Co Redburn lifted their price target on shares of Global Payments from $65.00 to $70.00 and gave the stock a “sell” rating in a research report on Wednesday, December 3rd. Stephens dropped their price target on shares of Global Payments from $95.00 to $90.00 and set an “equal weight” rating for the company in a research note on Friday, January 16th. Finally, Royal Bank Of Canada restated 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 equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $91.18.

Institutional Trading of Global Payments

Several hedge funds have recently bought and sold shares of the stock. Independent Advisor Alliance increased its holdings in Global Payments by 260.5% during the 3rd quarter. Independent Advisor Alliance now owns 29,446 shares of the business services provider’s stock worth $2,446,000 after purchasing an additional 21,278 shares in the last quarter. BIP Wealth LLC lifted its holdings in shares of Global Payments by 151.6% in the third quarter. BIP Wealth LLC now owns 30,103 shares of the business services provider’s stock valued at $2,501,000 after purchasing an additional 18,138 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of Global Payments during the third quarter worth about $905,000. HB Wealth Management LLC boosted its position in shares of Global Payments by 213.9% during the third quarter. HB Wealth Management LLC now owns 36,861 shares of the business services provider’s stock worth $3,062,000 after buying an additional 25,118 shares during the period. Finally, Saiph Capital LLC bought a new position in shares of Global Payments during the second quarter worth about $7,269,000. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Global Payments Stock Performance

The stock has a fifty day moving average of $73.18 and a 200-day moving average of $78.22. The firm has a market capitalization of $18.16 billion, a P/E ratio of 11.39, a P/E/G ratio of 0.39 and a beta of 0.73. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.83.

Global Payments (NYSE:GPN) last released its 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. The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.32 billion. Global Payments had a return on equity of 12.72% and a net margin of 16.92%.The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.85 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, research analysts anticipate that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 9th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, March 9th. This represents a $1.00 annualized dividend and a yield of 1.5%. Global Payments’s dividend payout ratio is presently 17.27%.

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.