KeyCorp Estimates Global Payments FY2024 Earnings

Global Payments Inc. (NYSE:GPN) – Equities research analysts at KeyCorp issued their FY2024 earnings per share (EPS) estimates for Global Payments in a research note issued to investors on Wednesday, December 18th. KeyCorp analyst A. Markgraff expects that the business services provider will post earnings of $11.01 per share for the year. KeyCorp currently has a “Overweight” rating and a $135.00 price target on the stock. The consensus estimate for Global Payments’ current full-year earnings is $11.01 per share. KeyCorp also issued estimates for Global Payments’ Q4 2024 earnings at $2.84 EPS.

Several other research firms have also weighed in on GPN. B. Riley reduced their price target on shares of Global Payments from $204.00 to $194.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. TD Cowen dropped their target price on shares of Global Payments from $125.00 to $122.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. Oppenheimer assumed coverage on shares of Global Payments in a research report on Tuesday, October 1st. They set a “market perform” rating for the company. BTIG Research cut shares of Global Payments from a “buy” rating to a “neutral” rating in a report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. dropped their price objective 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. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, Global Payments currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.55.

Global Payments Trading Up 1.3 %

NYSE:GPN opened at $112.03 on Monday. Global Payments has a 52 week low of $91.60 and a 52 week high of $141.77. The firm has a 50-day moving average price of $111.07 and a two-hundred day moving average price of $104.99. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $28.51 billion, a price-to-earnings ratio of 21.10, a price-to-earnings-growth ratio of 0.90 and a beta of 1.00.

Global Payments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a $0.25 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.00 dividend on an annualized basis and a yield of 0.89%. Global Payments’s dividend payout ratio is presently 18.83%.

Insider Transactions at Global Payments

In other news, Director Robert H. B. Baldwin, Jr. acquired 5,800 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was purchased 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. This trade represents a 15.70 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.98% of the company’s stock.

Institutional Trading of Global Payments

Hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake in shares of Global Payments by 2.8% during the third quarter. Principal Financial Group Inc. now owns 299,137 shares of the business services provider’s stock worth $30,638,000 after acquiring an additional 8,078 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in Global Payments by 10.6% in the third quarter. B. Riley Wealth Advisors Inc. now owns 8,569 shares of the business services provider’s stock worth $873,000 after purchasing an additional 819 shares during the last quarter. Beaird Harris Wealth Management LLC purchased a new stake in Global Payments during the third quarter valued at about $25,000. Franklin Resources Inc. increased its holdings in shares of Global Payments by 1.5% in the third quarter. Franklin Resources Inc. now owns 5,499,729 shares of the business services provider’s stock worth $564,437,000 after buying an additional 83,481 shares during the period. Finally, Peapack Gladstone Financial Corp purchased a new stake in Global Payments during the 3rd quarter valued at about $253,000. Institutional investors 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.