Seaport Res Ptn Weighs in on Global Payments Q4 Earnings

Global Payments Inc. (NYSE:GPN) – Equities research analysts at Seaport Res Ptn cut their Q4 2024 EPS estimates for shares of 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 $2.82 per share for the quarter, down from their previous estimate of $2.89. 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’ 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 research firms have also issued reports on GPN. Jefferies Financial Group reduced their price target on Global Payments from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Royal Bank of Canada reduced their price objective on shares of Global Payments from $143.00 to $130.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. The Goldman Sachs Group reiterated a “neutral” rating and set a $122.00 target price (down previously from $155.00) on shares of Global Payments in a research note on Thursday, January 9th. Keefe, Bruyette & Woods upped their price objective on Global Payments from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Finally, William Blair lowered Global Payments from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 25th. One investment 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 MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $135.71.

Global Payments Stock Performance

NYSE GPN opened at $108.41 on Thursday. The company has a market cap of $27.59 billion, a P/E ratio of 20.42, a P/E/G ratio of 0.75 and a beta of 1.00. Global Payments has a 1-year low of $91.60 and a 1-year high of $141.77. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a 50-day moving average of $114.06 and a two-hundred day moving average of $106.99.

Institutional Trading of Global Payments

A number of hedge funds have recently modified their holdings of GPN. Cromwell Holdings LLC acquired a new stake in Global Payments during the 3rd quarter worth approximately $25,000. Beaird Harris Wealth Management LLC bought a new position in Global Payments during the 3rd quarter worth $25,000. Capital Performance Advisors LLP acquired a new position in Global Payments in the 3rd quarter valued at $33,000. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Global Payments by 59.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 383 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 143 shares during the period. Finally, Quarry LP grew its holdings in shares of Global Payments by 134.4% during the 2nd quarter. Quarry LP now owns 511 shares of the business services provider’s stock worth $49,000 after purchasing an additional 293 shares in the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Insider Activity

In other news, Director Robert H. B. Baldwin, Jr. bought 5,800 shares of the business’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 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.98% of the stock is owned by insiders.

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 paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Friday, December 13th. Global Payments’s dividend payout ratio is presently 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.