Analysts Issue Forecasts for Global Payments FY2024 Earnings

Global Payments Inc. (NYSE:GPN) – Investment analysts at Seaport Res Ptn dropped their FY2024 earnings per share estimates for shares of Global Payments in a research report issued to clients and 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 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.

Several other research analysts have also weighed in on GPN. BMO Capital Markets reduced their target price on Global Payments from $126.00 to $122.00 and set a “market perform” rating on the stock in a report on Wednesday, September 25th. TD Cowen reduced their target price on Global Payments from $125.00 to $122.00 and set a “buy” rating on the stock in a report on Wednesday, September 25th. BTIG Research lowered Global Payments from a “buy” rating to a “neutral” rating in a report on Wednesday, September 25th. Oppenheimer began coverage on Global Payments in a report on Tuesday, October 1st. They set a “market perform” rating on the stock. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $122.00 target price (down from $155.00) on shares of Global Payments in a report on Thursday, January 9th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Global Payments currently has a consensus rating of “Hold” and a consensus target price of $135.71.

Global Payments Stock Up 0.1 %

NYSE:GPN opened at $109.09 on Wednesday. The stock’s fifty day simple moving average is $114.12 and its 200-day simple moving average is $106.97. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $27.76 billion, a P/E ratio of 20.54, a P/E/G ratio of 0.75 and a beta of 1.00. Global Payments has a 12-month low of $91.60 and a 12-month high of $141.77.

Hedge Funds Weigh In On Global Payments

A number of institutional investors have recently bought and sold shares of the business. Tidal Investments LLC increased its position in Global Payments by 0.3% during the third quarter. Tidal Investments LLC now owns 26,946 shares of the business services provider’s stock worth $2,760,000 after buying an additional 86 shares during the last quarter. Sage Capital Advisors llc boosted its holdings in shares of Global Payments by 0.3% during the fourth quarter. Sage Capital Advisors llc now owns 28,232 shares of the business services provider’s stock worth $3,164,000 after acquiring an additional 96 shares during the period. SYM FINANCIAL Corp boosted its holdings in shares of Global Payments by 4.1% during the third quarter. SYM FINANCIAL Corp now owns 2,440 shares of the business services provider’s stock worth $250,000 after acquiring an additional 97 shares during the period. Allen Mooney & Barnes Investment Advisors LLC boosted its holdings in shares of Global Payments by 1.2% during the third quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 8,210 shares of the business services provider’s stock worth $841,000 after acquiring an additional 98 shares during the period. Finally, Deseret Mutual Benefit Administrators boosted its holdings in shares of Global Payments by 27.2% during the third quarter. Deseret Mutual Benefit Administrators now owns 543 shares of the business services provider’s stock worth $56,000 after acquiring an additional 116 shares during the period. Institutional investors and hedge funds own 89.76% of the company’s stock.

Insiders Place Their Bets

In other Global Payments news, Director Robert H. B. Baldwin, Jr. purchased 5,800 shares of the stock in a transaction on Friday, December 13th. The shares were purchased at an average price of $116.00 per share, with a total value of $672,800.00. Following the completion of the transaction, the director now directly owns 42,738 shares in the company, valued at $4,957,608. This represents a 15.70 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.98% of the company’s stock.

Global Payments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Friday, December 13th. Global Payments’s dividend payout ratio (DPR) is presently 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.