Q4 EPS Estimates for Global Payments Reduced by Analyst

Global Payments Inc. (NYSE:GPN) – Seaport Res Ptn cut their Q4 2024 earnings per share (EPS) estimates for Global Payments in a report issued on Tuesday, January 14th. Seaport Res Ptn analyst J. Cantwell now expects that the business services provider will post earnings per share of $2.82 for the quarter, down from their prior estimate of $2.89. Seaport Res Ptn has a “Hold” rating on the stock. The consensus estimate for Global Payments’ current full-year earnings is $11.01 per share. Seaport Res Ptn also issued estimates for Global Payments’ Q1 2025 earnings at $2.63 EPS, Q2 2025 earnings at $2.92 EPS, Q4 2025 earnings at $3.24 EPS and FY2025 earnings at $11.99 EPS.

A number of other equities analysts also recently commented on the stock. BMO Capital Markets reduced their target price on shares of Global Payments from $126.00 to $122.00 and set a “market perform” rating on the stock in a research note on Wednesday, September 25th. Morgan Stanley upped their price objective on Global Payments from $156.00 to $166.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Sanford C. Bernstein lowered Global Payments from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $135.00 to $112.00 in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods lifted their target price on Global Payments from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Finally, William Blair downgraded Global Payments from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Global Payments presently has an average rating of “Hold” and a consensus target price of $135.71.

Global Payments Stock Up 0.9 %

Shares of GPN opened at $109.11 on Thursday. The stock has a fifty day simple moving average of $114.24 and a two-hundred day simple moving average of $106.96. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $27.77 billion, a PE ratio of 20.55, a price-to-earnings-growth ratio of 0.88 and a beta of 1.00. Global Payments has a 52-week low of $91.60 and a 52-week high of $141.77.

Institutional Investors Weigh In On Global Payments

Hedge funds and other institutional investors have recently made changes to their positions in the business. Pzena Investment Management LLC increased its stake in Global Payments by 3.4% in the third quarter. Pzena Investment Management LLC now owns 6,638,862 shares of the business services provider’s stock valued at $679,952,000 after purchasing an additional 215,399 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Global Payments by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,928,445 shares of the business services provider’s stock valued at $605,078,000 after buying an additional 31,934 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Global Payments by 1.5% in the 3rd quarter. Franklin Resources Inc. now owns 5,499,729 shares of the business services provider’s stock valued at $564,437,000 after buying an additional 83,481 shares during the last quarter. Nordea Investment Management AB raised its stake in Global Payments by 13.4% during the 4th quarter. Nordea Investment Management AB now owns 2,949,458 shares of the business services provider’s stock worth $330,516,000 after acquiring an additional 349,457 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in Global Payments by 22.7% in the third quarter. Janus Henderson Group PLC now owns 2,646,854 shares of the business services provider’s stock valued at $271,090,000 after acquiring an additional 490,411 shares during the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Insiders Place Their Bets

In other Global Payments news, Director Robert H. B. Baldwin, Jr. purchased 5,800 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was bought at an average cost of $116.00 per share, with a total value of $672,800.00. Following the acquisition, the director now directly owns 42,738 shares of the company’s stock, valued at approximately $4,957,608. This represents a 15.70 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.98% of the stock is currently owned by company insiders.

Global Payments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.00 dividend on an annualized basis and a yield of 0.92%. Global Payments’s dividend payout ratio is currently 18.83%.

Global Payments Company Profile

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.