Global Payments (NYSE:GPN) Lowered to Hold at Seaport Res Ptn

Seaport Res Ptn lowered shares of Global Payments (NYSE:GPN) from a strong-buy rating to a hold rating in a report issued on Tuesday, Zacks.com reports. Seaport Res Ptn also issued estimates for Global Payments’ Q1 2025 earnings at $2.65 EPS, Q2 2025 earnings at $2.93 EPS and FY2025 earnings at $12.21 EPS.

A number of other research analysts also recently weighed in on the company. Keefe, Bruyette & Woods cut their price target on Global Payments from $150.00 to $140.00 and set an outperform rating on the stock in a research note on Monday, July 8th. TD Cowen cut their target price on Global Payments from $125.00 to $122.00 and set a buy rating on the stock in a research note on Wednesday. Morgan Stanley decreased their target price on Global Payments from $164.00 to $156.00 and set an overweight rating for the company in a research report on Wednesday. Susquehanna reaffirmed a positive rating and issued a $147.00 price target on shares of Global Payments in a research note on Tuesday, September 17th. Finally, BNP Paribas raised shares of Global Payments to a strong sell rating in a research note on Wednesday, September 4th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $141.36.

Global Payments Stock Performance

Shares of NYSE:GPN opened at $97.67 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.68. Global Payments has a 1-year low of $91.60 and a 1-year high of $141.77. The stock has a market capitalization of $24.93 billion, a P/E ratio of 19.38, a P/E/G ratio of 0.71 and a beta of 0.98. The business has a 50-day moving average price of $105.63 and a two-hundred day moving average price of $109.61.

Global Payments (NYSE:GPN) last posted its quarterly earnings results on Wednesday, August 7th. The business services provider reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.90 by $0.03. Global Payments had a net margin of 14.26% and a return on equity of 11.93%. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the previous year, the firm posted $2.48 earnings per share. Global Payments’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities analysts predict that Global Payments will post 11.07 earnings per share for the current year.

Global Payments Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Friday, September 13th. Global Payments’s dividend payout ratio is presently 19.84%.

Insider Activity at Global Payments

In other Global Payments news, CAO David M. Sheffield sold 1,651 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $100.73, for a total transaction of $166,305.23. Following the sale, the chief accounting officer now directly owns 20,531 shares of the company’s stock, valued at approximately $2,068,087.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.98% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. New Covenant Trust Company N.A. bought a new position in shares of Global Payments in the first quarter valued at $31,000. LRI Investments LLC acquired a new stake in Global Payments in the first quarter valued at $32,000. POM Investment Strategies LLC bought a new position in shares of Global Payments in the 2nd quarter valued at about $32,000. West Paces Advisors Inc. increased its stake in shares of Global Payments by 54.5% during the 1st quarter. West Paces Advisors Inc. now owns 309 shares of the business services provider’s stock worth $41,000 after purchasing an additional 109 shares during the last quarter. Finally, North Star Investment Management Corp. raised its holdings in shares of Global Payments by 154.7% in the 1st quarter. North Star Investment Management Corp. now owns 354 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 215 shares during the period. Institutional investors and hedge funds own 89.76% of the company’s stock.

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.