Global Payments (NYSE:GPN) Given New $79.00 Price Target at Truist Financial

Global Payments (NYSE:GPN) had its price target increased by Truist Financial from $76.00 to $79.00 in a report issued on Friday, MarketBeat reports. The brokerage currently has a hold rating on the business services provider’s stock.

Other equities research analysts have also recently issued reports about the company. BMO Capital Markets began coverage on Global Payments in a research note on Tuesday, April 21st. They set a “market perform” rating and a $76.00 price objective on the stock. BNP Paribas Exane cut their target price on Global Payments from $64.00 to $60.00 and set an “underperform” rating on the stock in a research report on Friday, April 10th. TD Cowen restated a “hold” rating and issued a $74.00 price target (down from $86.00) on shares of Global Payments in a research report on Thursday, June 11th. Cantor Fitzgerald dropped their price objective on shares of Global Payments from $88.00 to $76.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Finally, Wells Fargo & Company cut their price objective on shares of Global Payments from $105.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. Four investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Global Payments presently has a consensus rating of “Hold” and a consensus target price of $83.46.

Global Payments Trading Up 4.0%

Shares of GPN opened at $80.97 on Friday. Global Payments has a fifty-two week low of $61.16 and a fifty-two week high of $90.64. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.79 and a current ratio of 0.79. The company’s fifty day moving average is $72.29 and its 200 day moving average is $72.00. The stock has a market capitalization of $22.15 billion, a PE ratio of -39.69, a P/E/G ratio of 0.44 and a beta of 0.76.

Global Payments (NYSE:GPN) last posted its earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.82 by $0.14. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.81 billion. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. The business’s quarterly revenue was up 63.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.82 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Sell-side analysts expect that Global Payments will post 13.82 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were paid a $0.25 dividend. The ex-dividend date was Friday, June 12th. This represents a $1.00 dividend on an annualized basis and a yield of 1.2%. Global Payments’s dividend payout ratio (DPR) is -49.02%.

Institutional Trading of Global Payments

Several large investors have recently added to or reduced their stakes in GPN. Strive Financial Group LLC acquired a new stake in Global Payments during the 4th quarter valued at approximately $25,000. DV Equities LLC acquired a new position in shares of Global Payments in the 4th quarter valued at $26,000. Torren Management LLC purchased a new stake in Global Payments during the fourth quarter worth $34,000. Western Wealth Management LLC purchased a new stake in Global Payments during the first quarter worth $34,000. Finally, Johnson Financial Group Inc. acquired a new stake in Global Payments during the third quarter valued at $35,000. Hedge funds and other 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.