Zacks Research Comments on Global Payments FY2027 Earnings

Global Payments Inc. (NYSE:GPN - Free Report) - Equities research analysts at Zacks Research issued their FY2027 earnings estimates for shares of Global Payments in a report released on Tuesday, February 25th. Zacks Research analyst K. Dey forecasts that the business services provider will post earnings of $15.30 per share for the year. The consensus estimate for Global Payments' current full-year earnings is $11.89 per share.

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

A number of other research analysts have also recently weighed in on GPN. Barclays cut their price objective on shares of Global Payments from $135.00 to $125.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Bank of America cut their price target on shares of Global Payments from $156.00 to $149.00 and set a "buy" rating on the stock in a report on Friday, February 14th. StockNews.com raised shares of Global Payments from a "hold" rating to a "buy" rating in a research note on Thursday, January 23rd. Stephens cut Global Payments from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $125.00 to $120.00 in a research note on Friday, January 10th. Finally, Morgan Stanley dropped their price objective on Global Payments from $166.00 to $163.00 and set an "overweight" rating for the company in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $134.33.

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Global Payments Price Performance

Shares of Global Payments stock traded down $2.48 during trading hours on Thursday, reaching $102.80. The company's stock had a trading volume of 2,744,213 shares, compared to its average volume of 1,817,413. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.97 and a quick ratio of 0.93. Global Payments has a one year low of $91.60 and a one year high of $140.38. The firm has a 50 day moving average price of $109.05 and a 200-day moving average price of $109.01. The stock has a market cap of $25.45 billion, a P/E ratio of 16.63, a P/E/G ratio of 0.86 and a beta of 1.01.

Institutional Trading of Global Payments

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GPN. Vanguard Group Inc. raised its holdings in shares of Global Payments by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 24,995,107 shares of the business services provider's stock valued at $2,800,952,000 after buying an additional 179,195 shares during the period. Pzena Investment Management LLC increased its stake in Global Payments by 25.0% during the fourth quarter. Pzena Investment Management LLC now owns 8,298,846 shares of the business services provider's stock worth $929,969,000 after purchasing an additional 1,659,984 shares during the period. Geode Capital Management LLC lifted its position in shares of Global Payments by 5.1% during the fourth quarter. Geode Capital Management LLC now owns 6,230,322 shares of the business services provider's stock worth $696,362,000 after purchasing an additional 301,877 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Global Payments by 1.5% in the third quarter. Franklin Resources Inc. now owns 5,499,729 shares of the business services provider's stock valued at $564,437,000 after purchasing an additional 83,481 shares during the period. Finally, Norges Bank acquired a new position in shares of Global Payments in the fourth quarter valued at approximately $345,823,000. Hedge funds and other institutional investors own 89.76% of the company's stock.

Insider Buying and Selling at Global Payments

In related news, Director Robert H. B. Baldwin, Jr. purchased 5,800 shares of Global Payments stock in a transaction dated Friday, December 13th. The shares were acquired at an average cost of $116.00 per share, with a total value of $672,800.00. Following the purchase, the director now owns 42,738 shares of the company's stock, valued at approximately $4,957,608. The trade was a 15.70 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.98% of the company's stock.

Global Payments Dividend Announcement

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