Global Payments (NYSE:GPN) Releases Earnings Results, Beats Estimates By $0.03 EPS

Global Payments (NYSE:GPN) released its earnings results on Tuesday. The business services provider reported $3.26 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.03, Zacks reports. Global Payments had a net margin of 15.07% and a return on equity of 12.47%. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the prior year, the firm earned $3.08 EPS. Global Payments updated its FY 2025 guidance to 6.600-6.666 EPS.

Global Payments Stock Down 1.8%

Global Payments stock traded down $1.42 during midday trading on Wednesday, hitting $78.54. 1,393,976 shares of the company’s stock were exchanged, compared to its average volume of 2,663,536. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 0.95. Global Payments has a 12 month low of $65.93 and a 12 month high of $120.00. The firm has a 50-day moving average of $85.60 and a two-hundred day moving average of $81.81. The company has a market cap of $19.05 billion, a PE ratio of 13.77, a P/E/G ratio of 0.76 and a beta of 0.98.

Global Payments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Friday, December 12th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, December 12th. Global Payments’s dividend payout ratio is presently 17.48%.

Wall Street Analyst Weigh In

GPN has been the subject of a number of research reports. Truist Financial increased their target price on shares of Global Payments from $79.00 to $83.00 and gave the company a “hold” rating in a research report on Thursday, July 17th. Cowen reissued a “hold” rating on shares of Global Payments in a research report on Wednesday. KeyCorp lowered shares of Global Payments from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, October 22nd. Evercore ISI lifted their price target on shares of Global Payments from $85.00 to $90.00 and gave the stock an “in-line” rating in a research note on Friday, August 8th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Global Payments in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $104.10.

Insider Transactions at Global Payments

In other Global Payments news, General Counsel Dara L. Steele-Belkin sold 2,000 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $86.00, for a total transaction of $172,000.00. Following the transaction, the general counsel directly owned 30,713 shares in the company, valued at $2,641,318. This represents a 6.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.01% of the stock is currently owned by insiders.

Institutional Trading of Global Payments

A number of institutional investors have recently modified their holdings of the company. Glenview Capital Management LLC boosted its holdings in shares of Global Payments by 13.8% in the 2nd quarter. Glenview Capital Management LLC now owns 4,316,892 shares of the business services provider’s stock valued at $345,524,000 after buying an additional 523,209 shares in the last quarter. Balyasny Asset Management L.P. boosted its holdings in shares of Global Payments by 480.7% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,074,669 shares of the business services provider’s stock valued at $86,017,000 after buying an additional 889,590 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Global Payments by 27.2% in the 2nd quarter. Canada Pension Plan Investment Board now owns 577,535 shares of the business services provider’s stock valued at $46,226,000 after buying an additional 123,573 shares in the last quarter. California State Teachers Retirement System boosted its holdings in shares of Global Payments by 1.0% in the 2nd quarter. California State Teachers Retirement System now owns 425,260 shares of the business services provider’s stock valued at $34,038,000 after buying an additional 4,315 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of Global Payments by 5.0% in the 2nd quarter. Alliancebernstein L.P. now owns 350,940 shares of the business services provider’s stock valued at $28,089,000 after buying an additional 16,787 shares in the last quarter. 89.76% of the stock is currently owned by institutional investors.

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.