Seaport Res Ptn Cuts Earnings Estimates for Global Payments

Global Payments Inc. (NYSE:GPN) – Stock analysts at Seaport Res Ptn cut their Q4 2024 earnings per share (EPS) estimates for shares of Global Payments in a report released 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 forecast of $2.89. Seaport Res Ptn currently 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.

Other equities analysts have also issued reports about the stock. William Blair lowered shares of Global Payments from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 25th. Oppenheimer initiated coverage on shares of Global Payments in a report on Tuesday, October 1st. They issued a “market perform” rating for the company. Keefe, Bruyette & Woods boosted their price objective on shares of Global Payments from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, December 9th. The Goldman Sachs Group restated a “neutral” rating and issued a $122.00 target price (down previously from $155.00) on shares of Global Payments in a research note on Thursday, January 9th. Finally, TD Cowen lowered their price target on Global Payments from $125.00 to $122.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $135.71.

Global Payments Price Performance

Shares of NYSE GPN opened at $109.09 on Thursday. Global Payments has a fifty-two week low of $91.60 and a fifty-two week high of $141.77. The company has a market cap of $27.76 billion, a PE ratio of 20.54, a P/E/G ratio of 0.75 and a beta of 1.00. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93. The business has a 50-day simple moving average of $114.12 and a two-hundred day simple moving average of $106.97.

Global Payments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Friday, December 13th. Global Payments’s dividend payout ratio (DPR) is presently 18.83%.

Insider Activity

In other Global Payments news, Director Robert H. B. Baldwin, Jr. bought 5,800 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were purchased at an average price of $116.00 per share, for a total transaction of $672,800.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.98% of the company’s stock.

Institutional Investors Weigh In On Global Payments

Several institutional investors and hedge funds have recently added to or reduced their stakes in GPN. MassMutual Private Wealth & Trust FSB grew its position in shares of Global Payments by 770.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,819 shares of the business services provider’s stock valued at $316,000 after purchasing an additional 2,495 shares during the period. Ellsworth Advisors LLC purchased a new position in Global Payments in the 4th quarter valued at about $4,572,000. Lbmc Investment Advisors LLC acquired a new stake in Global Payments in the 4th quarter worth about $204,000. Ameritas Advisory Services LLC purchased a new stake in Global Payments during the 4th quarter worth approximately $277,000. Finally, Merit Financial Group LLC raised its holdings in shares of Global Payments by 10.3% during the fourth quarter. Merit Financial Group LLC now owns 5,219 shares of the business services provider’s stock valued at $585,000 after acquiring an additional 489 shares during the last quarter. Hedge funds and other institutional investors own 89.76% of the company’s stock.

About Global Payments

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.