Seaport Res Ptn Comments on Global Payments FY2024 Earnings

Global Payments Inc. (NYSE:GPN) – Seaport Res Ptn dropped their FY2024 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 earn $10.98 per share for the year, down from their previous forecast 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.

A number of other analysts also recently issued reports on the company. Royal Bank of Canada reduced their price objective 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. JPMorgan Chase & Co. reduced their price target on shares of Global Payments from $118.00 to $115.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 29th. Susquehanna reiterated a “positive” rating and set a $147.00 price objective on shares of Global Payments in a research report on Tuesday, September 17th. Jefferies Financial Group reduced their target price on shares of Global Payments from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Finally, B. Riley lowered their price target on shares of Global Payments from $204.00 to $194.00 and set a “buy” rating for the company in a report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $135.71.

Global Payments Trading Up 1.3 %

Shares of GPN stock opened at $108.16 on Wednesday. The stock’s 50-day moving average price is $114.24 and its 200-day moving average price is $106.96. Global Payments has a 12-month low of $91.60 and a 12-month high of $141.77. The stock has a market capitalization of $27.53 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 0.88 and a beta of 1.00. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a $0.25 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.00 annualized dividend and a dividend yield of 0.92%. Global Payments’s payout ratio is currently 18.83%.

Insider Activity

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

Institutional Investors Weigh In On Global Payments

A number of hedge funds have recently made changes to their positions in GPN. Stanley Capital Management LLC increased its position in Global Payments by 18.9% during the 2nd quarter. Stanley Capital Management LLC now owns 125,608 shares of the business services provider’s stock valued at $12,146,000 after buying an additional 20,000 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Global Payments by 13.4% during the fourth quarter. Nordea Investment Management AB now owns 2,949,458 shares of the business services provider’s stock valued at $330,516,000 after acquiring an additional 349,457 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Global Payments by 65.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,982,496 shares of the business services provider’s stock valued at $203,047,000 after purchasing an additional 785,539 shares during the last quarter. Entropy Technologies LP acquired a new stake in Global Payments in the 3rd quarter worth approximately $562,000. Finally, Poplar Forest Capital LLC purchased a new stake in Global Payments during the 3rd quarter worth approximately $13,184,000. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

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.