Global Payments (NYSE:GPN) Lowered to Market Perform Rating by Raymond James Financial

Raymond James Financial cut shares of Global Payments (NYSE:GPN) from an outperform rating to a market perform rating in a research report released on Thursday, Marketbeat reports.

A number of other equities analysts also recently commented on GPN. Deutsche Bank Aktiengesellschaft started coverage on shares of Global Payments in a research note on Wednesday, January 14th. They issued a “hold” rating and a $80.00 price objective for the company. The Goldman Sachs Group began coverage on Global Payments in a research report on Monday, March 9th. They set a “hold” rating and a $88.00 target price on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Global Payments in a report on Thursday, January 22nd. Stephens reduced their price target on Global Payments from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Friday, January 16th. Finally, Wells Fargo & Company upped their price objective on Global Payments from $103.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $91.18.

Global Payments Stock Down 1.2%

Shares of Global Payments stock opened at $69.91 on Thursday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.69 and a quick ratio of 1.69. The stock has a market cap of $19.24 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 0.39 and a beta of 0.73. The firm’s 50-day moving average is $73.33 and its two-hundred day moving average is $78.37. Global Payments has a 1 year low of $65.93 and a 1 year high of $99.99.

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 during the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the previous year, the business posted $2.85 EPS. The company’s quarterly 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, research analysts expect that Global Payments will post 11.89 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

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 given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.4%. Global Payments’s payout ratio is currently 17.27%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Brighton Jones LLC purchased a new position in shares of Global Payments in the fourth quarter worth about $725,000. Caxton Associates LLP purchased a new stake in Global Payments in the first quarter valued at approximately $243,000. Intech Investment Management LLC increased its holdings in Global Payments by 43.5% in the 1st quarter. Intech Investment Management LLC now owns 14,462 shares of the business services provider’s stock worth $1,416,000 after buying an additional 4,386 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Global Payments by 1.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,649,083 shares of the business services provider’s stock worth $131,993,000 after buying an additional 24,795 shares during the period. Finally, Jefferies Financial Group Inc. raised its position in Global Payments by 35.6% during the 2nd quarter. Jefferies Financial Group Inc. now owns 6,200 shares of the business services provider’s stock worth $496,000 after buying an additional 1,627 shares during the last quarter. 89.76% of the stock is owned by institutional investors and hedge funds.

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.