Weekly Analysts’ Ratings Changes for Global Payments (GPN)

Several analysts have recently updated their ratings and price targets for Global Payments (NYSE: GPN):

  • 8/2/2022 – Global Payments had its price target lowered by analysts at Oppenheimer Holdings Inc. from $152.00 to $144.00. They now have an “outperform” rating on the stock.
  • 8/2/2022 – Global Payments had its “maintains” rating reaffirmed by analysts at Royal Bank of Canada.
  • 8/2/2022 – Global Payments had its price target lowered by analysts at Raymond James from $190.00 to $174.00. They now have a “maintains” rating on the stock.
  • 8/2/2022 – Global Payments had its price target raised by analysts at Truist Financial Co. from $150.00 to $160.00. They now have a “maintains” rating on the stock.
  • 8/2/2022 – Global Payments had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $222.00 to $188.00. They now have a “maintains” rating on the stock.
  • 8/2/2022 – Global Payments had its price target raised by analysts at Robert W. Baird from $144.00 to $156.00. They now have a “maintains” rating on the stock.
  • 8/2/2022 – Global Payments had its price target raised by analysts at Morgan Stanley from $123.00 to $141.00. They now have an “equal weight” rating on the stock.
  • 7/25/2022 – Global Payments had its price target lowered by analysts at Oppenheimer Holdings Inc. from $176.00 to $152.00. They now have a “maintains” rating on the stock.
  • 7/22/2022 – Global Payments was downgraded by analysts at Credit Suisse Group AG from an “outperform” rating to a “neutral” rating. They now have a $145.00 price target on the stock, down previously from $180.00.
  • 7/20/2022 – Global Payments had its price target lowered by analysts at Wolfe Research from $200.00 to $160.00.
  • 7/14/2022 – Global Payments had its price target lowered by analysts at Wells Fargo & Company from $185.00 to $148.00. They now have an “overweight” rating on the stock.
  • 7/11/2022 – Global Payments had its price target lowered by analysts at Keefe, Bruyette & Woods from $175.00 to $155.00.
  • 7/1/2022 – Global Payments had its price target lowered by analysts at Robert W. Baird from $192.00 to $144.00. They now have an “outperform” rating on the stock.
  • 6/30/2022 – Global Payments had its price target lowered by analysts at Truist Financial Co. from $175.00 to $150.00. They now have a “buy” rating on the stock.
  • 6/21/2022 – Global Payments had its price target lowered by analysts at Morgan Stanley from $156.00 to $123.00. They now have an “equal weight” rating on the stock.

Global Payments Price Performance

GPN stock opened at $126.45 on Wednesday. Global Payments Inc. has a 1 year low of $105.52 and a 1 year high of $195.38. The company has a market cap of $35.60 billion, a P/E ratio of 36.23, a PEG ratio of 0.80 and a beta of 1.04. The firm has a 50-day moving average of $118.39 and a 200 day moving average of $129.44. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.06 and a quick ratio of 1.06.

Global Payments (NYSE:GPNGet Rating) last released its quarterly earnings results on Monday, August 1st. The business services provider reported $2.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.02. Global Payments had a net margin of 11.66% and a return on equity of 8.79%. The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the prior year, the firm earned $1.92 earnings per share. Global Payments’s revenue was up 6.7% on a year-over-year basis. On average, sell-side analysts forecast that Global Payments Inc. will post 9.05 EPS for the current year.

Global Payments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Thursday, September 15th. Global Payments’s dividend payout ratio is 28.65%.

Insider Buying and Selling at Global Payments

In other Global Payments news, EVP David Lawrence Green sold 16,252 shares of the firm’s stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $130.10, for a total transaction of $2,114,385.20. Following the completion of the transaction, the executive vice president now owns 97,818 shares of the company’s stock, valued at $12,726,121.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.19% of the company’s stock.

Institutional Investors Weigh In On Global Payments

Institutional investors and hedge funds have recently made changes to their positions in the company. MUFG Americas Holdings Corp bought a new stake in shares of Global Payments during the first quarter valued at approximately $25,000. Bell Investment Advisors Inc increased its position in shares of Global Payments by 128.6% during the fourth quarter. Bell Investment Advisors Inc now owns 192 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 108 shares in the last quarter. MCF Advisors LLC purchased a new stake in Global Payments in the first quarter worth approximately $27,000. Hazlett Burt & Watson Inc. purchased a new stake in Global Payments in the first quarter worth approximately $27,000. Finally, Western Pacific Wealth Management LP purchased a new stake in Global Payments in the fourth quarter worth approximately $29,000. Institutional investors own 84.53% of the company’s stock.

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

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