Global Payments (NYSE:GPN) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Global Payments Inc. (NYSE:GPN)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $76.18 and traded as high as $86.61. Global Payments shares last traded at $85.53, with a volume of 2,664,282 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on GPN shares. Weiss Ratings reissued a “sell (d)” rating on shares of Global Payments in a report on Friday, August 7th. Jefferies Financial Group upgraded shares of Global Payments from a “hold” rating to a “buy” rating in a research report on Thursday, August 6th. Truist Financial upped their target price on shares of Global Payments from $79.00 to $95.00 and gave the stock a “hold” rating in a research report on Tuesday, August 25th. Susquehanna set a $111.00 target price on shares of Global Payments and gave the company a “positive” rating in a research note on Wednesday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Global Payments from $75.00 to $70.00 and set a “hold” rating on the stock in a report on Tuesday, June 9th. Nine analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Global Payments presently has a consensus rating of “Hold” and an average price target of $92.85.

Global Payments Stock Performance

The company has a market capitalization of $22.23 billion, a P/E ratio of -28.19, a P/E/G ratio of 0.46 and a beta of 0.78. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.82. The business has a 50-day moving average of $87.86 and a 200-day moving average of $76.27.

Global Payments (NYSE:GPN) last released its earnings results on Wednesday, August 5th. The business services provider reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.44 by $0.02. The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.16 billion. Global Payments had a negative net margin of 9.16% and a positive return on equity of 13.80%. The business’s revenue was up 68.6% on a year-over-year basis. During the same quarter last year, the business earned $3.10 EPS. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. On average, sell-side analysts anticipate that Global Payments Inc. will post 13.64 EPS for the current year.

Global Payments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, September 11th. This represents a $1.00 dividend on an annualized basis and a yield of 1.2%. Global Payments’s payout ratio is presently -33.56%.

Institutional Trading of Global Payments

A number of large investors have recently made changes to their positions in GPN. Gtcr LLC purchased a new position in Global Payments in the 1st quarter worth about $2,911,939,000. Pzena Investment Management LLC purchased a new stake in Global Payments in the 2nd quarter valued at about $848,344,000. Norges Bank bought a new position in Global Payments in the 4th quarter worth about $276,014,000. Dimensional Fund Advisors LP grew its stake in Global Payments by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,117,172 shares of the business services provider’s stock worth $142,478,000 after acquiring an additional 23,293 shares in the last quarter. Finally, Deutsche Bank AG purchased a new position in shares of Global Payments during the second quarter worth approximately $138,781,000. 89.76% of the stock is owned by hedge funds and other institutional investors.

About Global Payments

Global Payments Inc (NYSE:GPN) is a payments technology and software company that provides solutions for businesses, financial institutions and other organizations. Its services support payment acceptance across in-store, online and mobile channels, including credit and debit card processing, point-of-sale systems, payment gateways, integrated software and related business management tools.

The company serves merchants across industries such as retail, restaurants, hospitality, education, health care and professional services.