Global Payments Stock (NYSE:GPN), Trade Ideas

Global Payments

Global Payments is a leading provider of payment processing and software solutions and focuses on serving small and midsize merchants. The company operates in 30 countries and generates about one fourth of its revenue from outside North America, primarily in Europe and Asia. In 2019, Global Payments merged with Total System Services in an all-stock deal that gave Total System Services shareholders 48% of the combined company's shares. The merger added issuer processing operations.

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The Financial Transaction Services industry is likely to be aided by the widespread adoption of digital means. To capitalize on the trend, the industry players remain equipped with efficient digital solutions suite built on collaborations and technology investments. Consumer spending habits remain favorable, which may boost transaction volumes.

5 Financial Transaction Stocks to Watch Amid a Growing Digital Era

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Visa and Mastercard settle antitrust suit with US merchants, agreeing to lower credit card fees and remove anti-steering provisions until 2030.

Visa and Mastercard Reach Deal to Lower Swipe Fees, A Win for Merchants and Potential Boost for Consumer Choices: Analyst

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Global Payments shares are trading lower Tuesday morning. The company said it plans to offer convertible senior notes due 2031.

What&#39;s Going On With Global Payments (GPN) Stock?

Global Payments Inc

Global Payments (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>) has outperformed the market over the past 15 years by 2.13% on an annualized basis producing an average annual return of 14.68%. Currently, Global Payments has a market capitalization of $31.49 billion. 
Buying $100 In GPN: If an investor had bought $100 of GPN stock 15 years ago, it would be worth $771.97 today based on a price of $123.43 for GPN at the time of writing.
<h3>Global Payments's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713367818_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 15 Years Ago Would Be Worth $800 Today

In the last three months, 14 analysts have published ratings on Global Payments (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>), offering a diverse range of perspectives from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $161.86, a high estimate of $186.00, and a low estimate of $129.00. This upward trend is apparent, with the current average reflecting a 7.7% increase from the previous average price target of $150.29.
<img src="https://www.benzinga.com/files/images/story/2024/1713294100_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The standing of Global Payments among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ramsey El-Assal</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$160.00</td>
<td>$170.00</td>
</tr>
<tr>
<td>David Koning</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$182.00</td>
<td>$172.00</td>
</tr>
<tr>
<td>Dan Dolev</td>
<td>Mizuho</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$129.00</td>
<td>$129.00</td>
</tr>
<tr>
<td>Ramsey El-Assal</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$170.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>David Togut</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$180.00</td>
<td>$185.00</td>
</tr>
<tr>
<td>Timothy Chiodo</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$145.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>James Friedman</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Positive</td>
<td>$160.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Daniel Perlin</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$172.00</td>
<td>$154.00</td>
</tr>
<tr>
<td>David Koning</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$172.00</td>
<td>$162.00</td>
</tr>
<tr>
<td>Tien-Tsin Huang</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$159.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>Rufus Hone</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$137.00</td>
<td>$138.00</td>
</tr>
<tr>
<td>Hal Goetsch</td>
<td>B. Riley Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$186.00</td>
<td>$180.00</td>
</tr>
<tr>
<td>David Togut</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$185.00</td>
<td>$129.00</td>
</tr>
<tr>
<td>Dan Dolev</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Neutral</td>
<td>$129.00</td>
<td>$110.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Global Payments. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Global Payments compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Global Payments's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Global Payments's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/GPN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Global Payments analyst ratings.</a>
<h2>Delving into Global Payments's Background</h2>
Global Payments is a leading provider of payment processing and software solutions and focuses on serving small and midsize merchants. The company operates in 30 countries and generates about one fourth of its revenue from outside North America, primarily in Europe and Asia. In 2019, Global Payments merged with Total System Services in an all-stock deal that gave Total System Services shareholders 48% of the combined company's shares. The merger added issuer processing operations.
<h3>Global Payments's Financial Performance</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Global Payments's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 8.03%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.
Net Margin: Global Payments's net margin excels beyond industry benchmarks, reaching 14.84%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Global Payments's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 1.59%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Global Payments's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.73%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Global Payments's debt-to-equity ratio is below the industry average at 0.76, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>Analyst Ratings: Simplified</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Decoding 14 Analyst Evaluations For Global Payments

Barclays analyst Ramsey El-Assal maintains Global Payments (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>) with a Overweight and lowers the price target from $170 to $160.

Barclays Maintains Overweight on Global Payments, Lowers Price Target to $160

The Financial Transaction Services industry is likely to be aided by the widespread adoption of digital means. To capitalize on the trend, the industry players remain equipped with efficient digital solutions suite built on collaborations and technology investments. Consumer spending habits remain favorable, which may boost transaction volumes. An uptick in cross-border volumes results from a growing international workforce and international trade. Possible interest rate cuts in 2024 are expected to make way for rebounding merger and acquisition (M&amp;A) deals. Companies like Visa Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/v#NYSE">V</a>), Mastercard Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ma#NYSE">MA</a>), Fiserv, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fi#NYSE">FI</a>), Fidelity National Information Services, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fis#NYSE">FIS</a>)&nbsp;and Global Payments Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gpn#NYSE">GPN</a>) are placed well to gain from the industry&#39;s encouraging growth prospects.
About the Industry 
The Zacks Financial Transaction Services industry is part of the Financial Technology or the FinTech space, which includes companies with varying natures of businesses. The industry comprises card and payment processing and other solutions providers, ATM services and money remittance service providers and providers of investment solutions to financial advisors. The players in this segment operate their unique and proprietary global payments network that links issuers and acquirers around the globe to facilitate the switching of transactions, permitting account holders to use their products at millions of acceptance locations. Monetary transactions are effectuated through these networks, offering a convenient, quick and secure payment method in several currencies across the globe. The industry is benefiting from the ongoing digitization movement triggered by the pandemic.
4 Trends Influencing the Financial Transaction Services Industry&#39;s Future
A Rapidly Expanding Digital Era: The widespread adoption of digital means across every sphere of life provides a perfect ground for industry participants to capitalize on through an enhanced digital solutions suite. They pursue significant technology investments to come up with several flexible digital payment options such as cryptocurrency, biometrics, QR codes and buy now, pay later solutions. Additions of such lucrative solutions, that promise to ease everyday digital payments, within one&#39;s portfolio inevitably attract a higher number of customers and diversify the revenue streams of the companies. Apart from building a solid payment solutions suite, the industry participants also remain equipped with effective fraud prevention solutions to counter sophisticated forms of cybercrimes.
Favorable Consumer Spending: Consumers&#39; affinity to spend more results in increased utilization of product and services suite of the industry participants. Therefore, the resultant benefit of increased consumer spending is reaped by them in the form of processing higher transaction volumes and subsequently earning higher revenues. Per Fitch Ratings, consumer spending was resilient across the United States in 2023, and strong wage gains, moderated inflation level and favorable consumer sentiment positively impacted the metric. The continued positive sentiment and excess savings made by consumers made Fitch revise the 2024 forecast for annual real consumer spending from 0.6% to 1.3%.
Solid Cross-Border Volumes: Financial transaction service stocks, having exposure to the cross-border business, benefit from an opportunity to process higher cross-border volumes as a result of an expansion in international trade and steady demand for efficient remittance services. According to The Brainy Market Insights, the global cross-border payments market is anticipated to witness an 8% CAGR over 2024-2033. Companies with enhanced cross-border payment solutions will be a lucrative option as they seamlessly process international transactions and manage currency exchange and settlement. The solutions portfolio remains of great use in enabling easy acceptance of payments from customers across different countries, sending supplier payments and, therefore, ensuring smooth business operations. The emergence of a rising international workforce sustains the solid demand for efficient cross-border remittance services.
Pursuit of the M&amp;A Strategy: For building a digital solutions suite, the Financial Transaction Services industry players resort to a M&amp;A strategy in addition to undertaking technology investments. These initiatives are essential means to expand capabilities, bring diversification benefits, boost customer base and solidify global presence. As the Fed points to possible interest rate cuts in 2024, borrowing costs are expected to witness a decline, thereby making it easier for industry participants to opt for loans to enter M&amp;A deals and avoid complete exhaustion of cash reserves. After facing a roadblock in 2023, M&amp;A activities are expected to rebound in 2024, per Morgan Stanley Investment Banking.
Zacks Industry Rank Instills Optimism
The group&#39;s&nbsp; Zacks Industry Rank, which is basically the average of the Zacks Rank of all member stocks, indicates bright near-term prospects. The Zacks Financial Transaction Services industry is housed within the broader Zacks Business Services sector. It currently carries a Zacks Industry Rank #73, which places it in the top 29% of more than 250 Zacks industries.
Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. The industry&#39;s positioning in the bottom 50% of the Zacks-ranked industries is a result of a negative earnings outlook for the constituent companies in aggregate.
Before we present a few stocks that you may want to buy or retain in your portfolio, let&#39;s take a look at the industry&#39;s recent stock-market performance and valuation picture.
Industry Outperforms Sector But Lags S&amp;P 500
The Zacks Financial Transaction Services industry has outperformed its sector but underperformed the Zacks S&amp;P 500 composite year to date.
In the said time frame, the industry has gained 6.2% compared with the Business Services sector&#39;s rally of 5.2%. The S&amp;P 500 has gained 7.7% in the same time frame.
<h3>Year-To-Date Price Performance</h3>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/58/65000.jpg?v=1363019478" /> 
Image Source: Zacks Investment Research
Industry&#39;s Current Valuation
On the basis of the forward 12-month Price/Earnings ratio, commonly used for valuing financial transaction services stocks, the industry is currently trading at 23.04X compared with the S&amp;P 500&#39;s 20.88X and the sector&#39;s 25.44X.
Over the last five years, the industry traded as high as 32.49X, as low as 17.61X and at the median of 25.04X.
<h3>Forward 12-Month Price/Earnings (P/E) Ratio</h3>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/61/65001.jpg?v=1367353573" /> 
Image Source: Zacks Investment Research
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/36/65002.jpg?v=1139954768" /> 
Image Source: Zacks Investment Research
5 Stocks to Keep a Close Eye on
We are presenting five stocks from the Financial Transaction Services industry that currently carry a Zacks Rank #3 (Hold). Considering the current industry scenario, it might be prudent for investors to retain these stocks in their portfolio, as these are well-placed to generate growth in the long haul.
Visa: Visa, headquartered in San Francisco, is one of the world&#39;s leaders in digital payments. Numerous acquisitions, alliances and expanding payments volume continue to drive revenues of the company. Several digital solutions such as Visa Token Service, Visa Checkout and Visa In-App Provisioning have been developed by V in recent years to upgrade its digital platform. Investments worth $10 billion have been made by the leader in digital payments over the past five years in technology and innovation.
The Zacks Consensus Estimate for Visa&#39;s fiscal 2024 earnings is pegged at $9.89 per share, indicating a 12.8% rise from the year-ago reported figure. V&#39;s earnings beat estimates in each of the last four quarters, the average being 4.09%.
<h3>Price and Consensus: V</h3>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/a7/65037.jpg?v=205059043" /> 
Image Source: Zacks Investment Research
Mastercard: The Purchase, NY-based company frequently resorts to tie-ups with financial institutions or undertakes significant investments to occupy a significant share in the global payments market. The Mastercard Cross-Border Services platform imparts customers the capability of safely conducting cross-border money transfers across 30 countries. Its strategic acquisitions bolster its operational capabilities.
The Zacks Consensus Estimate for Mastercard&#39;s 2024 earnings is pegged at $14.35 per share, indicating a 17.1% rise from the year-ago reported figure. MA&#39;s earnings beat estimates in each of the last four quarters, the average being 3.49%.
<h3>Price and Consensus: MA</h3>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/f3/65035.jpg?v=662963046" /> 
Image Source: Zacks Investment Research
Fiserv: Based in Brookfield, WI, Fiserv provides a varied array of products and services. The diverse product and service portfolio enables the company to serve various segments of the financial services industry. Its acquisitions of Skytef and Sled in 2023 are expected to facilitate the augmentation of the company&#39;s distribution network.
The Zacks Consensus Estimate for Fiserv&#39;s 2024 earnings is pegged at $8.62 per share, indicating a 14.6% rise from the year-ago reported figure. FI&#39;s earnings beat estimates in three of the last four quarters and matched the mark once, the average being 1.04%.
<h3>Price and Consensus: FI</h3>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/25/65036.jpg?v=83097081" /> 
Image Source: Zacks Investment Research
Fidelity National: The Florida-based FIS benefit from the sound performances of its Banking Solutions and Capital Market Solutions segments. The company pursues organic growth strategies and acquisitions, which, in turn, continue to fetch multi-year recurring contracts. Fidelity National comes up with advanced solutions in a bid to boost its client base and expand across addressable markets.
The Zacks Consensus Estimate for Fidelity National&#39;s 2024 earnings is pegged at $4.66 per share, which indicates an improvement of 38.3% from the year-ago reported figure. The consensus mark for 2024 earnings has moved 3.1% north over the past 60 days.
<h3>Price and Consensus: FIS</h3>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/01/65034.jpg?v=1269986812" /> 
Image Source: Zacks Investment Research
Global Payments: Headquartered in Atlanta, GA, Global Payments is aided by strong contributions from the Merchant Solutions and Issuer Solutions segments. Merchant Solutions&#39; performance benefits on the back of higher transaction volumes. It resorts to acquisitions, partnerships and joint ventures for enhancing capabilities and boosting business scale. Buyouts remain one of the management&#39;s priorities to allocate capital.
The Zacks Consensus Estimate for Global Payments&#39; 2024 earnings is pegged at $11.62 per share, indicating an 11.5% rise from the year-ago figure. GPN&#39;s earnings beat estimates in each of the last four quarters, the average being 2.04%.
<h3>Price and Consensus: GPN</h3>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/c8/65033.jpg?v=1119647646" /> 
Image Source: Zacks Investment Research
<a href="https://www.zacks.com/commentary/2255063/5-financial-transaction-stocks-to-watch-amid-a-growing-digital-era?cid=CS-BENZ-FT-industry_outlook-2255063">To read this article on Zacks.com click here.</a>

Global Payments's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>) short percent of float has risen 5.99% since its last report. The company recently reported that it has 7.18 million shares sold short, which is 2.83% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.09 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Global Payments Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712690117_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Global Payments has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Global Payments's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Global Payments's peer group average for short interest as a percentage of float is 5.19%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Global Payments's Recent Short Interest

Baird analyst David Koning maintains Global Payments (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>) with a Outperform and raises the price target from $172 to $182.

Baird Maintains Outperform on Global Payments, Raises Price Target to $182

Visa Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) and&nbsp;Mastercard Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) announced a&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/03/37939460/visa-and-mastercard-settle-historic-antitrust-suit-with-us-merchants-whats-on-the-cards" rel="noreferrer noopener">settlement with U.S. merchants</a>&nbsp;in which the card networks agreed to lower credit card interchange fees by 4bps in the U.S. The deal also caps swipe fees until 2030.&nbsp;
The settlement also removes anti-steering provisions, allowing merchants to price differently depending on the type of card a consumer uses at purchase.
While an interchange cap may limit their medium-term pricing power,&nbsp;Mizuho&nbsp;analyst&nbsp;Dan Dolev&nbsp;noted the settlement may help relieve regulatory pressure that Visa &amp; Mastercard have otherwise faced. Plus, it should decrease the risk of further reduction to interchange fees between now and 2030.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/03/37958409/visa-unveils-new-ai-fraud-prevention-tools-to-safeguard-digital-payments" rel="noreferrer noopener">Visa Unveils New AI Fraud Prevention Tools to Safeguard Digital Payments</a>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27120857/newplot-38.png" alt="" class="wp-image-267698" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27120857/newplot-38.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27120857/newplot-38-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
To the extent merchants surcharge on specific credit cards, Dolev noted the most significant beneficiaries could be merchant acquirers that earn a take rate on volume/ATV.&nbsp;
These include&nbsp;Block, Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>),&nbsp;Fiserv, Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>)/Clover, and&nbsp;Toast, Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOST#NYSE">TOST</a>).&nbsp;Global Payments Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>) would also benefit, as he noted they are more exposed to transaction-based pricing than its peers.
Dolev had a Neutral rating on Visa with a price target of $265 and a buy rating on Mastercard with a price target of $480.&nbsp;
The analyst had a Buy rating on Block with a price target of $99 and a Buy rating on Fiserv with a price target of $156. He had a Neutral rating on Toast with a price target of $17 and a Neutral rating on Global Payments with a price target of $129.
Price Actions:&nbsp;V shares are trading lower by 1.04% to $277.69 on the last check Wednesday. MA shares traded lower by 0.25% at $475.60.

In the preceding three months, 14 analysts have released ratings for Global Payments (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>), presenting a wide array of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $159.93, a high estimate of $186.00, and a low estimate of $129.00. Marking an increase of 10.46%, the current average surpasses the previous average price target of $144.79. 
<img src="https://www.benzinga.com/files/images/story/2024/1711562455_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The standing of Global Payments among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Dan Dolev</td>
<td>Mizuho</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$129.00</td>
<td>$129.00</td>
</tr>
<tr>
<td>Ramsey El-Assal</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$170.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>David Togut</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$180.00</td>
<td>$185.00</td>
</tr>
<tr>
<td>Timothy Chiodo</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$145.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>James Friedman</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Positive</td>
<td>$160.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Daniel Perlin</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$172.00</td>
<td>$154.00</td>
</tr>
<tr>
<td>David Koning</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$172.00</td>
<td>$162.00</td>
</tr>
<tr>
<td>Tien-Tsin Huang</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$159.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>Rufus Hone</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$137.00</td>
<td>$138.00</td>
</tr>
<tr>
<td>Hal Goetsch</td>
<td>B. Riley Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$186.00</td>
<td>$180.00</td>
</tr>
<tr>
<td>David Togut</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$185.00</td>
<td>$129.00</td>
</tr>
<tr>
<td>Dan Dolev</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Neutral</td>
<td>$129.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Moshe Katri</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Outperform</td>
<td>$160.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Alex Markgraff</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$155.00</td>
<td>$135.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Global Payments. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Global Payments compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Global Payments's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/GPN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Global Payments analyst ratings.</a>
<h2>Discovering Global Payments: A Closer Look</h2>
Global Payments is a leading provider of payment processing and software solutions and focuses on serving small and midsize merchants. The company operates in 30 countries and generates about one fourth of its revenue from outside North America, primarily in Europe and Asia. In 2019, Global Payments merged with Total System Services in an all-stock deal that gave Total System Services shareholders 48% of the combined company's shares. The merger added issuer processing operations.
<h3>Key Indicators: Global Payments's Financial Health</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: Over the 3 months period, Global Payments showcased positive performance, achieving a revenue growth rate of 8.03% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.
Net Margin: Global Payments's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 14.84%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Global Payments's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 1.59%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Global Payments's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.73%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Global Payments's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.76.
<h2>The Basics of Analyst Ratings</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Glimpse Into The Expert Outlook On Global Payments Through 14 Analysts

Mizuho analyst Dan Dolev maintains Global Payments (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>) with a Neutral and maintains $129 price target.

Mizuho Maintains Neutral on Global Payments, Maintains $129 Price Target

Global Payments (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>) has outperformed the market over the past 20 years by 5.08% on an annualized basis producing an average annual return of 12.98%. Currently, Global Payments has a market capitalization of $33.70 billion. 
Buying $100 In GPN: If an investor had bought $100 of GPN stock 20 years ago, it would be worth $1,178.97 today based on a price of $132.13 for GPN at the time of writing.
<h3>Global Payments's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1711396822_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Global Payments 20 Years Ago Would Be Worth This Much Today

Global Payments (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>) has outperformed the market over the past 20 years by 5.27% on an annualized basis producing an average annual return of 13.2%. Currently, Global Payments has a market capitalization of $33.30 billion. 
Buying $100 In GPN: If an investor had bought $100 of GPN stock 20 years ago, it would be worth $1,204.91 today based on a price of $129.07 for GPN at the time of writing.
<h3>Global Payments's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1709920818_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 20 Years Ago Would Be Worth $1,200 Today

Global Payments (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>) has outperformed the market over the past 15 years by 1.63% on an annualized basis producing an average annual return of 15.72%. Currently, Global Payments has a market capitalization of $34.14 billion. 
Buying $100 In GPN: If an investor had bought $100 of GPN stock 15 years ago, it would be worth $922.38 today based on a price of $132.35 for GPN at the time of writing.
<h3>Global Payments's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1708975812_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Global Payments 15 Years Ago Would Be Worth This Much Today

The Company granted the initial purchasers of the Convertible Notes an option to purchase, for settlement within a 13-day period beginning on, and including, the first date on which the Convertible Notes are issued, up to an additional $250 million aggregate principal amount of Convertible Notes. The offering is expected to close on February 23, 2024, subject to customary closing conditions.

Global Payments Prices Offering Of $1.75B 1.50% Convertible Senior Notes Due 2031

Global Payments Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>) shares are trading lower by 1.7% to $131.96 Tuesday morning after the company said it plans to offer $1.75 billion in convertible senior notes due 2031, with an option for an <a href="https://www.benzinga.com/pressreleases/24/02/b37208361/global-payments-announces-proposed-offering-of-1-75-billion-of-convertible-senior-notes-due-2031">additional $250 million</a>.
These notes will accrue semi-annual interest and mature on March 1, 2031. Conversion conditions will apply until December 1, 2030, after which they&#8217;ll become freely convertible. Conversion can be in cash, common stock, or a mix, with terms to be set upon pricing. Redemption before March 6, 2028, is prohibited, but afterward is possible if stock price conditions are met. 
The company will likely enter capped call transactions to hedge against stock dilution, using proceeds from the offering. Part of the proceeds will also go towards common stock repurchases and general corporate purposes. 
Option counterparties may engage in derivative transactions affecting stock prices before and after the offering, potentially impacting conversion terms and stock value.
See Also: <a href="https://www.benzinga.com/news/earnings/24/02/37130270/global-payments-q4-earnings-beat-margins-expand-modest-outlook-more">Global Payments Q4: Earnings Beat, Margins Expand, Modest Outlook &amp; More</a>
<h2 class="wp-block-heading">Is GPN A Good Stock To Buy?</h2>
Wall Street analysts view Global Payments on the whole as a Outperform, given the history of coverage over the past three months. David Togut from Evercore ISI Group in Global Payments is the most optimistic, expecting a 46.51% rise in the stock in the coming year.
But looking at how the market as a whole thinks of the stock, you can reference historical price action for views on whether investors feel strongly about the stock one way or another. In the past 3 months, Global Payments rose 17.3%, which indicates that opinion improved on the business and how attractive it is to own based on either its stock price, or underlying fundamentals, like revenue, which rose 8.11% over the past year.
A complete overview of how Wall Street views individual stocks is available <a href="https://www.benzinga.com/analyst-stock-ratings">here</a>, while real time updates on the latest analyst actions will be delivered via <a href="https://pro.benzinga.com">Benzinga PRO</a>. Try it for free.
GPN has a 52-week high of $141.78 and a 52-week low of $94.05.

What's Going On With Global Payments (GPN) Stock?

In the last three months, 15 analysts have published ratings on Global Payments (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>), offering a diverse range of perspectives from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $160.13, a high estimate of $186.00, and a low estimate of $129.00. Witnessing a positive shift, the current average has risen by 7.88% from the previous average price target of $148.43.
<img src="https://www.benzinga.com/files/images/story/2024/1708437624_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Global Payments. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ramsey El-Assal</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$170.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>David Togut</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$180.00</td>
<td>$185.00</td>
</tr>
<tr>
<td>Timothy Chiodo</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$145.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>James Friedman</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Positive</td>
<td>$160.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Daniel Perlin</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$172.00</td>
<td>$154.00</td>
</tr>
<tr>
<td>David Koning</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$172.00</td>
<td>$162.00</td>
</tr>
<tr>
<td>Tien-Tsin Huang</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$159.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>Rufus Hone</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$137.00</td>
<td>$138.00</td>
</tr>
<tr>
<td>Hal Goetsch</td>
<td>B. Riley Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$186.00</td>
<td>$180.00</td>
</tr>
<tr>
<td>David Togut</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$185.00</td>
<td>$129.00</td>
</tr>
<tr>
<td>Dan Dolev</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Neutral</td>
<td>$129.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Moshe Katri</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Outperform</td>
<td>$160.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Alex Markgraff</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$155.00</td>
<td>$135.00</td>
</tr>
<tr>
<td>Daniel Perlin</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$154.00</td>
<td>-</td>
</tr>
<tr>
<td>Rufus Hone</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$138.00</td>
<td>$180.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Global Payments. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Global Payments compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Global Payments's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Global Payments's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/GPN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Global Payments analyst ratings.</a>
<h2>Unveiling the Story Behind Global Payments</h2>
Global Payments is a leading provider of payment processing and software solutions and focuses on serving small and midsize merchants. The company operates in 30 countries and generates about one fourth of its revenue from outside North America, primarily in Europe and Asia. In 2019, Global Payments merged with Total System Services in an all-stock deal that gave Total System Services shareholders 48% of the combined company's shares. The merger added issuer processing operations.
<h3>Key Indicators: Global Payments's Financial Health</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Global Payments's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 8.03% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Net Margin: Global Payments's net margin excels beyond industry benchmarks, reaching 14.84%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Global Payments's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 1.59%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.73%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 0.76, Global Payments adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>What Are Analyst Ratings?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Latest Analyst Ratings For Global Payments

RBC Capital analyst Daniel Perlin maintains Global Payments (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>) with a Outperform and raises the price target from $154 to $172.

RBC Capital Maintains Outperform on Global Payments, Raises Price Target to $172

Global Payments's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>) short percent of float has risen 36.91% since its last report. The company recently reported that it has 5.26 million shares sold short, which is 2.04% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.53 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Global Payments Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1708009229_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Global Payments has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Global Payments's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Global Payments's peer group average for short interest as a percentage of float is 5.18%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into Global Payments's Recent Short Interest

Global Payments Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>) reported fourth-quarter adjusted earnings per share of $2.65,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/b37120680/global-payments-reports-fourth-quarter-and-full-year-2023-results" rel="noreferrer noopener">beating the analyst consensus estimate of $2.64.</a>
The company reported adjusted revenues of $2.186 billion,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">beating the street view of $2.182 billion.</a>
Quarterly adjusted net revenues increased 8%, while adjusted operating margin expanded 30 basis points to 44.8%.
Adjusted Merchant Solutions revenues rose 18.5% to $1.67 billion. Adjusted Issuer Solutions gained 5.8% to $530.65 million.
The company&#8217;s long-term debt was $15.69 billion as of quarter-end, while cash and equivalents totaled $2.2 billion.
Dividend: The company approved a dividend of $0.25 per share payable on March 29, 2024, to shareholders of record as of March 15, 2024.&nbsp;
The company also approved an increase in its share repurchase authorization capacity to $2 billion.
2024 Outlook:&nbsp;The company expects adjusted net revenue to be from $9.17 billion to $9.30 billion&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">versus $9.29 billion estimate.</a>&nbsp;
The company reported adjusted earnings per share of $11.54 to $11.70 versus the $11.74 estimate.
Annual adjusted operating margin for 2024 is expected to expand by up to 50 basis points.
Price Action:&nbsp;GPN shares are trading lower by 0.32% to $135.63 on the last check Wednesday.&nbsp;

Earnings

Equities

Guidance

General

Global Payments Q4: Earnings Beat, Margins Expand, Modest Outlook & More

With January&#8217;s inflation data in the rearview mirror, U.S. stocks could strive to find their footing on Wednesday after <a href="https://www.benzinga.com/markets/equities/24/02/37103116/markets-tumble-vix-up-8-on-hot-inflation-data-dollar-yields-jump-as-traders-unwind-rate-cut-bets">hotter-than-expected January inflation data spooked traders</a> in the previous session. The earnings news flow continues to be mixed, although there have been notable upward moves in certain stocks in reaction to quarterly numbers. The lone piece of Main Street catalyst due for the day is a speech by a supposedly &#8220;centrist&#8221; Fed official. 
Cues From Tuesday&#8217;s Trading:
All of January&#8217;s headline inflation readings came in more than expected, sending bond yields soaring and stocks lower on Tuesday. The averages opened uniformly lower and moved roughly sideways before dropping to intraday lows by late afternoon trading. Although the indices trimmed some of their losses in late trading, they closed well below the flat line.
The &#8220;CPI report caught a lot of people off guard – many investors were expecting the Fed to begin cutting rates and were spending a lot of time arguing that the Fed was taking too long to get started – not appreciating that inflation could be sticky and not continue down in a straight line, said Independent Advisor Alliance Chief Investment Officer Chris Zaccarelli.
The Nasdaq Composite and the S&amp;P 500 Index ended at their lowest level in about a week, with the latter dropping below the 5,000 mark, and the 30-stock Dow Industrials fell to its lowest level in February The worst-hit were the small-cap stocks as they plummeted in the session.
Tuesday&#8217;s sell-off was broad-based, with the consumer discretionary sector leading the slide.
 US Index Performance On Tuesday
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-1.80%</td>
<td>15,655.60</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-1.37%</td>
<td>4,953.17</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-1.35%</td>
<td>38,272.75</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-3.96%</td>
<td>1,964.17</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> Analyst Color:</figcaption></figure>
Tuesday&#8217;s pullback could be technical, said Blue Chip Daily Trend Report Chief Technical Strategist Larry Tentarelli. &#8220;We view this as standard technical pullback from recent highs and see support in the 36,950-37,700 range. We expect to be buyers of the pullback over the next 2-5 days,&#8221; he said.
LPL Financial&#8217;s  Chief Global Strategist Quincy Krosby said the path to rate cuts could be getting longer. &#8220;Even though rate cuts will probably begin in 2024, it's not if but when the last mile is getting longer,&#8221; he said.
Futures Today
 Futures Performance On Wednesday
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.76%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.58%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.23%</td>
</tr>
<tr>
<td>R2K</td>
<td>+1.04%</td>
</tr>
</tbody>
</table>
</figure>
<a href="https://www.benzinga.com/premarket/">In premarket trading</a> on Wednesday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.54% to $496.75 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) gained 0.73% to $431.66, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data.</a>
Upcoming Economic Data:
Chicago Fed President Austan Goolsbee is scheduled to speak at 9:30 a.m. ET.
The Energy Information Administration is due to release its customary weekly petroleum status report at 10:30 a.m. ET.
Fed Vice Chair for Supervision Michael Barr will make a public appearance at 4 p.m. ET.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Stocks In Focus:
<ul>
<li> Lyft, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) jumped over 19.5% in premarket trading following its quarterly results announcement.</li>
<li>Among other stocks moving on earnings are Airbnb, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) (down over 5%), Akamai Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) (down over 3.5%), IAC Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IAC#NASDAQ">IAC</a>) (up over 5.5%), MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) (down over 3.5%), Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) (up over 11%), QuidelOrtho Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QDEL#NASDAQ">QDEL</a>) (down about 40%), and Upstart Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>) (down about 19%).</li>
<li>Barrick Gold Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>), Canadian Natural Resources Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#NYSE">CNQ</a>), CME Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CME#NASDAQ">CME</a>), Global Payments Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>), The Kraft Heinz Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>), Louisiana-Pacific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPX#NYSE">LPX</a>) and Williams Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMB#NYSE">WMB</a>) are among the companies due to report their quarterly results ahead of the market open.</li>
<li>Notable names reporting after the close include Albemarle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>), Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>), Fastly, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSLY#NYSE">FSLY</a>), HubSpot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>), Kinross Gold Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGC#NYSE">KGC</a>), Occidental Petroleum Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>), Tripadvisor, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRIP#NASDAQ">TRIP</a>), Twilio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWLO#NYSE">TWLO</a>) and Upwork Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPWK#NASDAQ">UPWK</a>).</li>
<li>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) climbed over 7.5% in sympathy with Robinhood.</li>
</ul>
Commodities, Bonds, Other Global Equity Markets:
Crude oil futures slipped 0.15% to $77.75 in early European session on Wednesday after the commodity rallied 1.24% in the previous session. The dollar&#8217;s strength on Tuesday did not deter the commodity as it rose for a seventh straight session.
 The benchmark 10-year Treasury note edged down 0.023 percentage points at 4.293%. The yield rose 3.51% on Tuesday, topping the 4.30% mark since early December.
Most Asian markets retreated on Wednesday even as the Chinese and Taiwanese markets continued to remain closed for the New Year holidays. Wall Street&#8217;s pullback on the back of the U.S. inflation data served as a negative trigger. 
Bucking the downtrend were the Hong Kong market, which reopened after the long weekend, and the Indian market.
European markets rose moderately by late-morning deals as traders reacted to a slew of domestic economic data, including the eurozone GDP as well as the jobs and industrial output data. The Euro Stoxx 50 Index last traded up 0.35%. The second estimate released by Eurostat showed that the 20-nation economy skirted a recession by recording a stagnation in the fourth quarter.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/37118013/emerging-markets-guru-says-time-to-go-shopping-for-hidden-gems-at-a-steal-as-he-see">Emerging Markets Guru Says &#8216;Time To Go Shopping For Hidden Gems At A Steal&#8217; As He Sees Opportunities In Bruised Chinese, Hong Kong Stocks</a>
Photo via Shutterstock

Futures

Previews

Economics

Federal Reserve

Pre-Market Outlook

Movers

ABNB

AKAM

COIN

CSCO

FSLY

GOLD

HOOD

HUBS

LYFT

QDEL

TRIP

TWLO

UPST

UPWK

US Stocks Priming For Relief Rally After Inflation-Driven Selloff: Strategist Expects To Be Among 'Buyers Of Pullback' Over Next 2-5 Days

Buybacks

Global Payments Board Approved An Increase In The Share Repurchase Authorization Capacity To $2B

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Global Payments Inc (GPN) is the highest overall rated company in the Specialty Business Services industry with an overall score of 78. GPN is up 26.99% so far this year after the company closed yesterday at $133.66.  The overall score measures the company's performance based-off both short and long term indicators and mea

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7 Stocks in Fin-tech and Payments Baird analysts like the most

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CCEP

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MELI

MKTX

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PAGS

PAYO

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TWKS

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VOYA

Press Releases

Global Payments and Commerzbank Announce Joint Venture in Germany

Global Payments to Report Fourth Quarter and Full Year 2023 Results on February 14, 2024

Global Payments Reports Fourth Quarter and Full Year 2023 Results

Global Payments Announces Proposed Offering of $1.75 Billion of Convertible Senior Notes due 2031

Global Payments Announces Pricing of Offering of $1.75 Billion of Convertible Senior Notes due 2031

Global Payments to Participate in Citi FinTech Conference

Global Payments to Participate in Wolfe Research FinTech Forum

Fintech Market Size Projected To Grow To $882 Billion By 2030 as Advanced Technologies & Services Expand

Global Payments to Report First Quarter Results on May 1, 2024

GLOBAL PAYMENTS INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Global Payments, Inc. - GPN