Global Payments (GPN) – Research Analysts’ Recent Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Global Payments (NYSE: GPN) in the last few weeks:

• 9/30/2024 – Global Payments had its price target lowered by analysts at Barclays PLC from $145.00 to $120.00. They now have an “overweight” rating on the stock.
• 9/26/2024 – Global Payments was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 9/25/2024 – Global Payments had its price target lowered by analysts at Morgan Stanley from $164.00 to $156.00. They now have an “overweight” rating on the stock.
• 9/25/2024 – Global Payments had its price target lowered by analysts at KeyCorp from $145.00 to $135.00. They now have an “overweight” rating on the stock.
• 9/25/2024 – Global Payments was downgraded by analysts at BTIG Research from a “buy” rating to a “neutral” rating.
• 9/25/2024 – Global Payments had its price target lowered by analysts at BMO Capital Markets from $126.00 to $122.00. They now have a “market perform” rating on the stock.
• 9/25/2024 – Global Payments was downgraded by analysts at William Blair from an “outperform” rating to a “market perform” rating.
• 9/25/2024 – Global Payments had its price target lowered by analysts at Monness Crespi & Hardt from $165.00 to $155.00. They now have a “buy” rating on the stock.
• 9/25/2024 – Global Payments had its price target lowered by analysts at B. Riley from $204.00 to $194.00. They now have a “buy” rating on the stock.
• 9/25/2024 – Global Payments had its price target lowered by analysts at TD Cowen from $125.00 to $122.00. They now have a “buy” rating on the stock.
• 9/24/2024 – Global Payments was downgraded by analysts at Seaport Res Ptn from a “strong-buy” rating to a “hold” rating.
• 9/18/2024 – Global Payments had its “overweight” rating reaffirmed by analysts at Stephens. They now have a $130.00 price target on the stock.
• 9/18/2024 – Global Payments was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 9/17/2024 – Global Payments had its “positive” rating reaffirmed by analysts at Susquehanna. They now have a $147.00 price target on the stock.
• 9/4/2024 – Global Payments was upgraded by analysts at BNP Paribas to a “strong sell” rating.
• 8/20/2024 – Global Payments had its price target raised by analysts at JPMorgan Chase & Co. from $111.00 to $118.00. They now have a “neutral” rating on the stock.
• 8/8/2024 – Global Payments had its price target lowered by analysts at Susquehanna from $157.00 to $147.00. They now have a “positive” rating on the stock.
• 8/8/2024 – Global Payments had its price target lowered by analysts at Stephens from $145.00 to $130.00. They now have an “overweight” rating on the stock.
• 8/8/2024 – Global Payments had its price target lowered by analysts at Royal Bank of Canada from $172.00 to $158.00. They now have an “outperform” rating on the stock.
• 8/8/2024 – Global Payments had its price target lowered by analysts at JPMorgan Chase & Co. from $119.00 to $111.00. They now have a “neutral” rating on the stock.
• 8/8/2024 – Global Payments had its price target raised by analysts at BMO Capital Markets from $124.00 to $126.00. They now have a “market perform” rating on the stock.
• 8/7/2024 – Global Payments was upgraded by analysts at William Blair to a “strong-buy” rating.

Global Payments Price Performance

Shares of GPN stock traded up $0.87 during trading hours on Monday, reaching $101.89. The stock had a trading volume of 1,175,176 shares, compared to its average volume of 2,278,436. The stock’s fifty day simple moving average is $105.57 and its 200 day simple moving average is $108.98. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $26.01 billion, a PE ratio of 20.22, a PEG ratio of 0.71 and a beta of 0.98. Global Payments Inc. has a 12 month low of $91.60 and a 12 month high of $141.77.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Wednesday, August 7th. The business services provider reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.03. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.32 billion. Global Payments had a return on equity of 11.93% and a net margin of 14.26%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company earned $2.48 earnings per share. On average, equities research analysts predict that Global Payments Inc. will post 11.07 EPS for the current year.

Global Payments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.00 annualized dividend and a yield of 0.98%. Global Payments’s payout ratio is 19.84%.

Insider Activity

In other news, CAO David M. Sheffield sold 1,651 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $100.73, for a total value of $166,305.23. Following the transaction, the chief accounting officer now owns 20,531 shares in the company, valued at $2,068,087.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.98% of the company’s stock.

Institutional Investors Weigh In On Global Payments

A number of large investors have recently modified their holdings of the stock. New Covenant Trust Company N.A. bought a new position in Global Payments in the first quarter worth $31,000. LRI Investments LLC bought a new position in shares of Global Payments in the 1st quarter worth about $32,000. POM Investment Strategies LLC purchased a new position in Global Payments during the 2nd quarter valued at about $32,000. West Paces Advisors Inc. boosted its stake in Global Payments by 54.5% during the first quarter. West Paces Advisors Inc. now owns 309 shares of the business services provider’s stock worth $41,000 after acquiring an additional 109 shares in the last quarter. Finally, North Star Investment Management Corp. grew its holdings in Global Payments by 154.7% in the first quarter. North Star Investment Management Corp. now owns 354 shares of the business services provider’s stock worth $47,000 after purchasing an additional 215 shares during the period. Institutional investors own 89.76% of the company’s stock.

Global Payments Inc provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through two segments, Merchant Solutions and Issuer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services.