Global Payments (GPN) – Analysts’ Weekly Ratings Updates

Posted by Defense World Staff on Dec 20th, 2024

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

12/18/2024 – Global Payments had its price target raised by analysts at Morgan Stanley from $156.00 to $166.00. They now have an “overweight” rating on the stock.
12/17/2024 – Global Payments had its price target raised by analysts at Barclays PLC from $120.00 to $135.00. They now have an “overweight” rating on the stock.
12/12/2024 – Global Payments was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
12/9/2024 – Global Payments had its price target raised by analysts at Keefe, Bruyette & Woods from $130.00 to $140.00. They now have an “outperform” rating on the stock.
12/2/2024 – Global Payments was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
12/2/2024 – Global Payments had its price target raised by analysts at The Goldman Sachs Group, Inc. from $135.00 to $155.00. They now have a “buy” rating on the stock.
11/20/2024 – Global Payments was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
11/12/2024 – Global Payments was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
10/31/2024 – Global Payments had its price target lowered by analysts at Royal Bank of Canada from $143.00 to $130.00. They now have an “outperform” rating on the stock.
10/29/2024 – Global Payments had its price target lowered by analysts at JPMorgan Chase & Co. from $118.00 to $115.00. They now have a “neutral” rating on the stock.
10/22/2024 – Global Payments was downgraded by analysts at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating. They now have a $112.00 price target on the stock, down previously from $135.00.

Global Payments Stock Performance

GPN stock opened at $110.58 on Friday. The firm has a 50 day moving average of $110.84 and a two-hundred day moving average of $104.85. Global Payments Inc. has a 12 month low of $91.60 and a 12 month high of $141.77. The company has a market capitalization of $28.14 billion, a price-to-earnings ratio of 20.82, a P/E/G ratio of 0.90 and a beta of 1.00. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65.

Global Payments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Friday, December 13th. Global Payments’s payout ratio is 18.83%.

Insider Buying and Selling at Global Payments

In other news, Director Robert H. B. Baldwin, Jr. acquired 5,800 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were bought at an average price of $116.00 per share, with a total value of $672,800.00. Following the acquisition, the director now owns 42,738 shares of the company’s stock, valued at $4,957,608. This trade represents a 15.70 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.98% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cromwell Holdings LLC bought a new stake in shares of Global Payments during the third quarter worth $25,000. Beaird Harris Wealth Management LLC acquired a new stake in Global Payments in the 3rd quarter valued at about $25,000. POM Investment Strategies LLC bought a new position in shares of Global Payments in the second quarter worth about $32,000. Capital Performance Advisors LLP acquired a new position in shares of Global Payments during the third quarter worth approximately $33,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of Global Payments by 59.6% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 383 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 143 shares during the last quarter. 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.