Q4 EPS Estimates for Global Payments Lowered by Analyst

Global Payments Inc. (NYSE:GPN - Free Report) - Equities researchers at Seaport Res Ptn decreased their Q4 2024 earnings estimates for shares of Global Payments in a research report issued to clients and investors on Tuesday, January 14th. Seaport Res Ptn analyst J. Cantwell now anticipates that the business services provider will earn $2.82 per share for the quarter, down from their previous forecast of $2.89. 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' 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.

A number of other analysts also recently commented on GPN. JPMorgan Chase & Co. reduced their price objective on Global Payments from $118.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, October 29th. Jefferies Financial Group cut their target price on Global Payments from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday, October 16th. Oppenheimer began coverage on shares of Global Payments in a research note on Tuesday, October 1st. They set a "market perform" rating on the stock. Stephens cut shares of Global Payments from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $125.00 to $120.00 in a research note on Friday, January 10th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Global Payments from $130.00 to $140.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $135.71.

Global Payments Stock Performance

Shares of NYSE GPN traded up $0.07 during mid-day trading on Thursday, hitting $109.09. The company had a trading volume of 1,198,988 shares, compared to its average volume of 1,497,149. Global Payments has a 12 month low of $91.60 and a 12 month high of $141.77. The firm has a market cap of $27.76 billion, a P/E ratio of 20.54, a PEG ratio of 0.75 and a beta of 1.00. The business's 50-day simple moving average is $114.12 and its 200-day simple moving average is $106.97. 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 disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Friday, December 13th. Global Payments's payout ratio is presently 18.83%.

Insiders Place Their Bets

In other news, Director Robert H. B. Baldwin, Jr. acquired 5,800 shares of the firm's stock in a transaction on Friday, December 13th. The shares were purchased at an average cost of $116.00 per share, for a total transaction of $672,800.00. Following the transaction, the director now owns 42,738 shares of the company's stock, valued at approximately $4,957,608. This represents a 15.70 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.98% of the company's stock.

Hedge Funds Weigh In On Global Payments

Several large investors have recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB raised its holdings in Global Payments by 770.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,819 shares of the business services provider's stock worth $316,000 after purchasing an additional 2,495 shares during the last quarter. Ellsworth Advisors LLC acquired a new stake in shares of Global Payments during the 4th quarter worth approximately $4,572,000. Lbmc Investment Advisors LLC bought a new stake in shares of Global Payments during the fourth quarter worth approximately $204,000. Ameritas Advisory Services LLC acquired a new position in Global Payments in the fourth quarter valued at approximately $277,000. Finally, Merit Financial Group LLC boosted its stake in Global Payments by 10.3% in 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. Institutional investors and hedge funds own 89.76% of the company's stock.

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.