KeyCorp Weighs in on Global Payments FY2024 Earnings

Global Payments Inc. (NYSE:GPN - Free Report) - Equities researchers at KeyCorp issued their FY2024 earnings per share estimates for shares of Global Payments in a research note issued to investors on Wednesday, December 18th. KeyCorp analyst A. Markgraff expects that the business services provider will post earnings of $11.01 per share for the year. KeyCorp has a "Overweight" rating and a $135.00 price objective on the stock. The consensus estimate for Global Payments' current full-year earnings is $11.01 per share. KeyCorp also issued estimates for Global Payments' Q4 2024 earnings at $2.84 EPS.

A number of other research firms also recently weighed in on GPN. Stephens decreased their target price on shares of Global Payments from $130.00 to $125.00 and set an "overweight" rating for the company in a research report on Friday, October 18th. B. Riley decreased their price objective on Global Payments from $204.00 to $194.00 and set a "buy" rating for the company in a report on Wednesday, September 25th. BNP Paribas upgraded Global Payments to a "strong sell" rating in a report on Wednesday, September 4th. StockNews.com raised Global Payments from a "hold" rating to a "buy" rating in a research report on Thursday, December 12th. Finally, BTIG Research lowered Global Payments from a "buy" rating to a "neutral" rating in a research report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, Global Payments currently has an average rating of "Moderate Buy" and a consensus target price of $138.55.

Global Payments Stock Down 0.2 %

Shares of NYSE GPN traded down $0.22 during midday trading on Monday, reaching $111.81. The company's stock had a trading volume of 1,053,911 shares, compared to its average volume of 2,256,661. The stock has a 50 day simple moving average of $111.07 and a 200-day simple moving average of $105.04. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $28.46 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 0.90 and a beta of 1.00. Global Payments has a fifty-two week low of $91.60 and a fifty-two week high of $141.77.

Institutional Investors Weigh In On Global Payments

Several institutional investors have recently made changes to their positions in GPN. Cromwell Holdings LLC bought a new position in Global Payments in the 3rd quarter valued at about $25,000. Beaird Harris Wealth Management LLC acquired a new stake in shares of Global Payments during the 3rd quarter worth approximately $25,000. Capital Performance Advisors LLP bought a new position in Global Payments in the third quarter valued at approximately $33,000. Whittier Trust Co. of Nevada Inc. raised its position in Global Payments by 59.6% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 383 shares of the business services provider's stock valued at $39,000 after purchasing an additional 143 shares in the last quarter. Finally, Exchange Traded Concepts LLC bought a new stake in Global Payments during the third quarter worth $50,000. 89.76% of the stock is currently owned by institutional investors.

Insider Transactions at Global Payments

In other Global Payments news, Director Robert H. B. Baldwin, Jr. bought 5,800 shares of the firm's stock in a transaction on 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 in the company, valued at approximately $4,957,608. This trade represents a 15.70 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.98% of the company's stock.

Global Payments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Friday, December 13th. Global Payments's dividend payout ratio is currently 18.83%.

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.