Global Payments (NYSE:GPN) Reaches New 1-Year Low – Here’s Why

Shares of Global Payments Inc. (NYSE:GPN) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $63.92 and last traded at $65.4310, with a volume of 4783356 shares changing hands. The stock had previously closed at $67.30.

Analyst Upgrades and Downgrades

A number of research firms have commented on GPN. Mizuho decreased their price objective on shares of Global Payments from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, March 26th. UBS Group reissued a “neutral” rating and set a $87.00 target price (up from $80.00) on shares of Global Payments in a report on Thursday, February 19th. Raymond James Financial downgraded shares of Global Payments from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 26th. TD Cowen reaffirmed a “hold” rating on shares of Global Payments in a report on Thursday, February 19th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $97.00 price objective (up from $95.00) on shares of Global Payments in a research 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 assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $91.18.

Global Payments Stock Performance

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 stock has a 50 day moving average of $72.78 and a 200 day moving average of $77.76. The stock has a market capitalization of $18.01 billion, a P/E ratio of 11.30, a P/E/G ratio of 0.37 and a beta of 0.73.

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

Global Payments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Monday, March 9th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, March 9th. Global Payments’s payout ratio is presently 17.27%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GPN. Brighton Jones LLC bought a new stake in shares of Global Payments during the fourth quarter valued at approximately $725,000. Caxton Associates LLP bought a new position in Global Payments in the 1st quarter worth approximately $243,000. Intech Investment Management LLC grew 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 in the last quarter. Quadrant Capital Group LLC increased its position in Global Payments by 163.9% in the 2nd quarter. Quadrant Capital Group LLC now owns 7,797 shares of the business services provider’s stock valued at $624,000 after acquiring an additional 4,842 shares during the period. Finally, Fisher Asset Management LLC increased its position in Global Payments by 49.5% in the 2nd quarter. Fisher Asset Management LLC now owns 32,894 shares of the business services provider’s stock valued at $2,633,000 after acquiring an additional 10,888 shares during the period. Institutional investors 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.