Analysts Issue Forecasts for Global Payments FY2025 Earnings

Global Payments Inc. (NYSE:GPN) – Equities researchers at B. Riley cut their FY2025 earnings per share estimates for Global Payments in a research note issued to investors on Tuesday, February 18th. B. Riley analyst H. Goetsch now anticipates that the business services provider will post earnings per share of $11.94 for the year, down from their previous estimate of $12.15. The consensus estimate for Global Payments’ current full-year earnings is $11.89 per share.

Global Payments (NYSE:GPN) last announced its quarterly earnings results on Thursday, February 13th. The business services provider reported $2.84 EPS for the quarter, missing the consensus estimate of $2.98 by ($0.14). The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Global Payments had a net margin of 15.54% and a return on equity of 12.21%.

Several other equities analysts have also commented on GPN. Citigroup cut their price target on Global Payments from $138.00 to $135.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. JPMorgan Chase & Co. cut their target price on Global Payments from $118.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 29th. Royal Bank of Canada cut their target price on Global Payments from $143.00 to $130.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. StockNews.com upgraded Global Payments from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Morgan Stanley cut their target price on Global Payments from $166.00 to $163.00 and set an “overweight” rating on the stock in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.33.

Global Payments Stock Performance

Shares of Global Payments stock opened at $103.19 on Friday. The firm has a market cap of $25.55 billion, a P/E ratio of 16.70, a P/E/G ratio of 0.86 and a beta of 1.01. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. Global Payments has a 12 month low of $91.60 and a 12 month high of $140.38. The stock’s fifty day moving average price is $109.94 and its 200-day moving average price is $108.93.

Global Payments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th 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 0.97%. The ex-dividend date of this dividend is Friday, March 14th. Global Payments’s dividend payout ratio (DPR) is 16.18%.

Insider Buying and Selling

In other news, Director Robert H. B. Baldwin, Jr. bought 5,800 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average price of $116.00 per share, with a total value of $672,800.00. Following the completion of the acquisition, the director now directly owns 42,738 shares of the company’s stock, 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 is accessible through the SEC website. Corporate insiders own 0.98% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of GPN. Norges Bank purchased a new stake in shares of Global Payments in the fourth quarter valued at approximately $345,823,000. Pzena Investment Management LLC increased its position in shares of Global Payments by 25.0% in the fourth quarter. Pzena Investment Management LLC now owns 8,298,846 shares of the business services provider’s stock valued at $929,969,000 after buying an additional 1,659,984 shares in the last quarter. Contour Asset Management LLC purchased a new stake in shares of Global Payments in the fourth quarter valued at approximately $147,695,000. Focused Investors LLC purchased a new stake in shares of Global Payments during the fourth quarter worth approximately $99,969,000. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Global Payments by 65.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,982,496 shares of the business services provider’s stock worth $203,047,000 after purchasing an additional 785,539 shares in the last quarter. 89.76% of the stock is owned by institutional investors and hedge funds.

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.