FY2025 EPS Estimates for Global Payments Lowered by B. Riley

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

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

A number of other equities analysts have also recently weighed in on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $122.00 price target (down from $155.00) on shares of Global Payments in a research note on Thursday, January 9th. Bank of America lowered their price target on shares of Global Payments from $156.00 to $149.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. 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 note on Monday, December 9th. StockNews.com raised shares of Global Payments from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Royal Bank of Canada lowered their price target on shares of 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 equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $134.33.

Global Payments Stock Performance

Shares of GPN opened at $105.65 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 0.97. Global Payments has a 1 year low of $91.60 and a 1 year high of $140.38. The stock has a market capitalization of $26.16 billion, a P/E ratio of 17.10, a P/E/G ratio of 0.87 and a beta of 1.01. The company’s fifty day moving average is $110.16 and its two-hundred day moving average is $108.75.

Global Payments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.00 annualized dividend and a dividend yield of 0.95%. Global Payments’s payout ratio is currently 16.18%.

Insider Buying and Selling

In other news, Director Robert H. B. Baldwin, Jr. acquired 5,800 shares of the stock in a transaction on Friday, December 13th. The stock was bought 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 of the company’s stock, valued at $4,957,608. The trade was a 15.70 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.98% of the company’s stock.

Institutional Trading of Global Payments

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Global Payments by 0.7% in the fourth 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 lifted its stake in Global Payments by 25.0% during the fourth quarter. Pzena Investment Management LLC now owns 8,298,846 shares of the business services provider’s stock worth $929,969,000 after purchasing an additional 1,659,984 shares during the last quarter. Geode Capital Management LLC lifted its stake in Global Payments by 5.1% during the fourth quarter. Geode Capital Management LLC now owns 6,230,322 shares of the business services provider’s stock worth $696,362,000 after purchasing an additional 301,877 shares during the last quarter. Franklin Resources Inc. lifted its stake in Global Payments by 1.5% during the third quarter. Franklin Resources Inc. now owns 5,499,729 shares of the business services provider’s stock worth $564,437,000 after purchasing an additional 83,481 shares during the last quarter. Finally, Norges Bank bought a new stake in Global Payments in the fourth quarter valued at $345,823,000. Institutional investors and hedge funds 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.