Seaport Res Ptn Estimates Global Payments FY2024 Earnings

Global Payments Inc. (NYSE:GPN - Free Report) - Equities research analysts at Seaport Res Ptn cut their FY2024 earnings per share (EPS) estimates for Global Payments in a report released on Tuesday, January 14th. Seaport Res Ptn analyst J. Cantwell now forecasts that the business services provider will post earnings of $10.98 per share for the year, down from their prior forecast of $11.06. 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' Q3 2025 earnings at $3.22 EPS.

Several other brokerages also recently commented on GPN. Keefe, Bruyette & Woods lifted their target price on shares of Global Payments from $130.00 to $140.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Oppenheimer started coverage on Global Payments in a research report on Tuesday, October 1st. They issued a "market perform" rating on the stock. StockNews.com lowered Global Payments from a "buy" rating to a "hold" rating in a research note on Wednesday. Morgan Stanley boosted their price target on Global Payments from $156.00 to $166.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. Finally, Monness Crespi & Hardt lowered their price objective on Global Payments from $165.00 to $155.00 and set a "buy" rating on the stock in a research report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $135.71.

Global Payments Stock Performance

GPN stock traded up $1.01 during midday trading on Wednesday, reaching $109.11. 1,700,011 shares of the company were exchanged, compared to its average volume of 1,512,935. Global Payments has a one year low of $91.60 and a one year high of $141.77. The firm has a market capitalization of $27.77 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 0.88 and a beta of 1.00. The business has a 50-day moving average price of $114.24 and a two-hundred day moving average price of $106.96. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93.

Global Payments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were given a $0.25 dividend. The ex-dividend date 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%.

Insiders Place Their Bets

In other Global Payments news, Director Robert H. B. Baldwin, Jr. acquired 5,800 shares of the company's stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average price of $116.00 per share, for a total transaction of $672,800.00. Following the acquisition, the director now directly owns 42,738 shares in the company, valued at $4,957,608. This represents a 15.70 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.98% of the company's stock.

Hedge Funds Weigh In On Global Payments

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA increased its holdings in Global Payments by 65.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,982,496 shares of the business services provider's stock valued at $203,047,000 after purchasing an additional 785,539 shares during the period. AQR Capital Management LLC grew its position in shares of Global Payments by 188.1% in the 2nd quarter. AQR Capital Management LLC now owns 1,157,728 shares of the business services provider's stock valued at $109,857,000 after buying an additional 755,898 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Global Payments by 1,559.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 548,833 shares of the business services provider's stock valued at $61,502,000 after buying an additional 515,763 shares during the period. Janus Henderson Group PLC raised its position in shares of Global Payments by 22.7% during the third quarter. Janus Henderson Group PLC now owns 2,646,854 shares of the business services provider's stock worth $271,090,000 after acquiring an additional 490,411 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its stake in shares of Global Payments by 316.7% in the second quarter. D. E. Shaw & Co. Inc. now owns 609,939 shares of the business services provider's stock worth $58,981,000 after acquiring an additional 463,568 shares during the period. 89.76% of the stock is currently owned by institutional investors and hedge funds.

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.