FY2025 EPS Estimate for Global Payments Decreased by Analyst

Global Payments Inc. (NYSE:GPN) – Equities research analysts at B. Riley cut their FY2025 earnings per share estimates for Global Payments in a report released on Tuesday, February 18th. B. Riley analyst H. Goetsch now expects that the business services provider will post earnings of $11.94 per share for the year, down from their prior estimate of $12.15. The consensus estimate for Global Payments’ current full-year earnings is $11.90 per share.

Other research analysts also recently issued reports about the company. Bank of America reduced their target price on Global Payments from $156.00 to $149.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Citigroup reduced their target price on Global Payments from $138.00 to $135.00 and set a “buy” rating on the stock in a report on Tuesday. Royal Bank of Canada reduced their price objective on Global Payments from $143.00 to $130.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. StockNews.com raised Global Payments from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Morgan Stanley reduced their price objective on Global Payments from $166.00 to $163.00 and set an “overweight” rating on the stock in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $134.33.

Global Payments Stock Down 2.3 %

NYSE GPN opened at $103.19 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The stock’s 50 day moving average is $109.94 and its two-hundred day moving average is $108.82. The company has a market capitalization of $25.55 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 0.87 and a beta of 1.01. Global Payments has a 1-year low of $91.60 and a 1-year high of $140.38.

Global Payments (NYSE:GPN) last released its quarterly earnings data on Thursday, February 13th. The business services provider reported $2.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.98 by ($0.14). The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. Global Payments had a net margin of 15.54% and a return on equity of 12.21%.

Hedge Funds Weigh In On Global Payments

Large investors have recently modified their holdings of the business. Cromwell Holdings LLC acquired a new position in shares of Global Payments during the 3rd quarter worth about $25,000. Beaird Harris Wealth Management LLC acquired a new position in shares of Global Payments during the 3rd quarter worth about $25,000. Optiver Holding B.V. acquired a new position in shares of Global Payments during the 4th quarter worth about $28,000. Capital Performance Advisors LLP acquired a new position in shares of Global Payments during the 3rd quarter worth about $33,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Global Payments during the 4th quarter worth about $37,000. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Global Payments news, Director Robert H. B. Baldwin, Jr. acquired 5,800 shares of Global Payments stock in a transaction dated Friday, December 13th. The stock was bought at an average cost of $116.00 per share, for a total transaction of $672,800.00. Following the purchase, the director now directly owns 42,738 shares in the company, valued at approximately $4,957,608. This represents a 15.70 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.98% of the company’s stock.

Global Payments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Friday, March 14th. Global Payments’s dividend payout ratio (DPR) is presently 16.18%.

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.