Brokers Issue Forecasts for Global Payments FY2027 Earnings

Global Payments Inc. (NYSE:GPN) – Zacks Research issued their FY2027 earnings per share estimates for shares of Global Payments in a research report issued to clients and investors on Tuesday, February 25th. Zacks Research analyst K. Dey forecasts that the business services provider will post earnings of $15.30 per share for the year. The consensus estimate for Global Payments’ current full-year earnings is $11.89 per share.

Other research analysts have also issued reports about the company. Morgan Stanley dropped their price target on Global Payments from $166.00 to $163.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Bank of America dropped their price target on Global Payments from $156.00 to $149.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Keefe, Bruyette & Woods upped their price target on Global Payments from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Citigroup dropped their price target on Global Payments from $138.00 to $135.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Finally, Royal Bank of Canada lowered 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. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $134.33.

Global Payments Stock Down 1.9 %

Shares of Global Payments stock opened at $101.46 on Thursday. The firm has a market capitalization of $25.12 billion, a PE ratio of 16.42, a price-to-earnings-growth ratio of 0.86 and a beta of 1.01. Global Payments has a 12-month low of $91.60 and a 12-month high of $140.38. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.66. The stock’s fifty day moving average is $109.32 and its 200-day moving average is $108.95.

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

Hedge Funds Weigh In On Global Payments

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Global Payments by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 24,995,107 shares of the business services provider’s stock valued at $2,800,952,000 after acquiring an additional 179,195 shares in the last quarter. Pzena Investment Management LLC raised its holdings in Global Payments by 25.0% in the 4th quarter. Pzena Investment Management LLC now owns 8,298,846 shares of the business services provider’s stock valued at $929,969,000 after acquiring an additional 1,659,984 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Global Payments by 5.1% in the 4th quarter. Geode Capital Management LLC now owns 6,230,322 shares of the business services provider’s stock worth $696,362,000 after buying an additional 301,877 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Global Payments by 1.5% in the 3rd 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 in the last quarter. Finally, Norges Bank acquired a new position in shares of Global Payments in the 4th quarter worth approximately $345,823,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

Insider Buying and Selling

In other news, Director Robert H. B. Baldwin, Jr. purchased 5,800 shares of the business’s stock in a transaction 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 acquisition, the director now directly owns 42,738 shares in the company, valued at approximately $4,957,608. The trade was a 15.70 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.98% of the stock is owned by insiders.

Global Payments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, March 14th. This represents a $1.00 annualized dividend and a dividend yield of 0.99%. Global Payments’s dividend payout ratio is presently 16.18%.

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.