Global Payments (NYSE:GPN) Reaches New 1-Year Low After Analyst Downgrade
by Michael Walen · The Markets DailyGlobal Payments Inc. (NYSE:GPN – Get Free Report) shares hit a new 52-week low during mid-day trading on Wednesday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from $75.00 to $70.00. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock. Global Payments traded as low as $62.24 and last traded at $64.0650, with a volume of 90377 shares. The stock had previously closed at $63.81.
GPN has been the topic of a number of other reports. Wells Fargo & Company raised their price target on Global Payments from $103.00 to $105.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. Citigroup decreased their target price on shares of Global Payments from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Wall Street Zen lowered shares of Global Payments from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. JPMorgan Chase & Co. decreased their price target on shares of Global Payments from $95.00 to $90.00 and set a “neutral” rating on the stock in a report on Thursday, February 12th. Finally, Mizuho dropped their price objective on Global Payments from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, March 26th. Five analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $85.27.
Read Our Latest Stock Report on Global Payments
Institutional Investors Weigh In On Global Payments
Hedge funds have recently modified their holdings of the stock. Gtcr LLC acquired a new position in shares of Global Payments during the first quarter worth $2,911,939,000. Norges Bank purchased a new position in Global Payments in the 4th quarter valued at about $276,014,000. Balyasny Asset Management L.P. grew its stake in shares of Global Payments by 112.3% during the third quarter. Balyasny Asset Management L.P. now owns 2,281,476 shares of the business services provider’s stock valued at $189,545,000 after acquiring an additional 1,206,807 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of Global Payments by 5,710.5% during the fourth quarter. Clearbridge Investments LLC now owns 941,299 shares of the business services provider’s stock valued at $72,857,000 after acquiring an additional 925,099 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Global Payments by 93.8% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,412,128 shares of the business services provider’s stock worth $109,299,000 after acquiring an additional 683,524 shares during the last quarter. 89.76% of the stock is currently owned by hedge funds and other institutional investors.
Global Payments Stock Performance
The company has a debt-to-equity ratio of 0.86, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a 50-day moving average price of $69.06 and a 200-day moving average price of $73.23. The firm has a market capitalization of $17.16 billion, a PE ratio of -30.78, a price-to-earnings-growth ratio of 0.36 and a beta of 0.76.
Global Payments (NYSE:GPN – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The business services provider reported $2.96 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $0.14. Global Payments had a positive return on equity of 13.11% and a negative net margin of 7.99%.The firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same quarter last year, the firm earned $2.82 EPS. Global Payments’s quarterly revenue was up 63.1% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, research analysts expect that Global Payments Inc. will post 13.88 EPS for the current fiscal year.
Global Payments Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, June 12th. Global Payments’s dividend payout ratio (DPR) is currently -49.02%.
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.