Global Payments FY2024 EPS Forecast Cut by Seaport Res Ptn

Global Payments Inc. (NYSE:GPN) – Seaport Res Ptn reduced their FY2024 earnings per share estimates for Global Payments in a note issued to investors on Tuesday, January 14th. Seaport Res Ptn analyst J. Cantwell now anticipates that the business services provider will post earnings per share of $10.98 for the year, down from their prior estimate of $11.06. Seaport Res Ptn currently 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 research firms also recently commented on GPN. The Goldman Sachs Group reiterated a “neutral” rating and issued a $122.00 price objective (down previously from $155.00) on shares of Global Payments in a report on Thursday, January 9th. JPMorgan Chase & Co. decreased their price objective on Global Payments from $118.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, October 29th. Keefe, Bruyette & Woods lifted their price objective on Global Payments from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. B. Riley decreased their price objective on Global Payments from $204.00 to $194.00 and set a “buy” rating on the stock in a report on Wednesday, September 25th. Finally, Stephens downgraded Global Payments from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $125.00 to $120.00 in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $135.71.

Global Payments Stock Up 0.9 %

GPN opened at $109.11 on Wednesday. The company has a market cap of $27.77 billion, a P/E ratio of 20.55, a P/E/G ratio of 0.88 and a beta of 1.00. The business’s 50-day moving average price is $114.24 and its 200-day moving average price is $106.96. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.65. Global Payments has a 12 month low of $91.60 and a 12 month high of $141.77.

Institutional Trading of Global Payments

A number of hedge funds have recently made changes to their positions in the stock. Ameritas Advisory Services LLC bought a new position in Global Payments in the 4th quarter valued at approximately $277,000. Merit Financial Group LLC lifted its position in Global Payments by 10.3% in the 4th 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 in the last quarter. Avanza Fonder AB bought a new position in Global Payments in the 4th quarter valued at approximately $2,154,000. Retireful LLC lifted its position in Global Payments by 231.0% in the 4th quarter. Retireful LLC now owns 19,716 shares of the business services provider’s stock valued at $2,209,000 after acquiring an additional 13,760 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its position in Global Payments by 27.9% in the 4th quarter. Park Avenue Securities LLC now owns 7,358 shares of the business services provider’s stock valued at $825,000 after acquiring an additional 1,604 shares in the last quarter. 89.76% of the stock is owned by institutional investors.

Insider Transactions at Global Payments

In related news, Director Robert H. B. Baldwin, Jr. purchased 5,800 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were purchased at an average cost of $116.00 per share, with a total value of $672,800.00. Following the transaction, the director now directly owns 42,738 shares in the company, valued at $4,957,608. This trade represents a 15.70 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.98% of the company’s stock.

Global Payments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders 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 dividend yield of 0.92%. Global Payments’s dividend payout ratio is currently 18.83%.

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.