FY2025 EPS Estimates for Global Payments Lowered by B. Riley

Global Payments Inc. (NYSE:GPN) – Investment analysts at B. Riley reduced their FY2025 earnings estimates for shares of Global Payments in a note issued to investors on Tuesday, February 18th. B. Riley analyst H. Goetsch now expects that the business services provider will post earnings per share of $11.94 for the year, down from their previous forecast of $12.15. The consensus estimate for Global Payments’ current full-year earnings is $11.90 per share.

Several other research firms have also recently issued reports on GPN. Citigroup lowered their price objective on shares of Global Payments from $138.00 to $135.00 and set a “buy” rating for the company in a research report on Tuesday. Morgan Stanley lowered their price target on shares of Global Payments from $166.00 to $163.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Bank of America lowered their price target on shares of Global Payments from $156.00 to $149.00 and set a “buy” rating for the company in a research report on Friday, February 14th. StockNews.com raised shares of Global Payments from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods upped their price target on shares of Global Payments from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $134.33.

Global Payments Stock Performance

Shares of NYSE:GPN opened at $105.65 on Friday. The company has a market capitalization of $26.16 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 0.87 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 firm’s 50-day moving average is $110.16 and its 200 day moving average is $108.75. 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 (NYSE:GPN) last issued its quarterly earnings data on Thursday, February 13th. The business services provider reported $2.84 EPS for the quarter, missing analysts’ consensus estimates of $2.98 by ($0.14). Global Payments had a return on equity of 12.21% and a net margin of 15.54%. The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.31 billion.

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 issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Friday, March 14th. Global Payments’s dividend payout ratio (DPR) is currently 16.18%.

Insider Activity at Global Payments

In other Global Payments news, Director Robert H. B. Baldwin, Jr. acquired 5,800 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average price of $116.00 per share, for a total transaction of $672,800.00. Following the completion of the acquisition, the director now owns 42,738 shares of the company’s stock, valued at approximately $4,957,608. This trade represents a 15.70 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.98% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Global Payments by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 24,995,107 shares of the business services provider’s stock worth $2,800,952,000 after buying an additional 179,195 shares during the last quarter. Pzena Investment Management LLC raised its position 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 purchasing an additional 1,659,984 shares during the last quarter. Geode Capital Management LLC raised its position in 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 valued at $696,362,000 after purchasing an additional 301,877 shares during the last quarter. Franklin Resources Inc. raised its position in 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 valued at $564,437,000 after purchasing an additional 83,481 shares during the last quarter. Finally, Norges Bank purchased a new stake in Global Payments in the 4th quarter valued at $345,823,000. Hedge funds and other 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.