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

Seaport Res Ptn downgraded shares of Global Payments (NYSE:GPN) from a strong-buy rating to a hold rating in a report published 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.

Several other equities analysts have also recently commented on the stock. TD Cowen lowered their price target on shares of Global Payments from $125.00 to $122.00 and set a buy rating on the stock in a report on Wednesday. Wells Fargo & Company assumed coverage on Global Payments in a research note on Wednesday, June 12th. They issued an equal weight rating and a $100.00 target price on the stock. William Blair lowered Global Payments from an outperform rating to a market perform rating in a research report on Wednesday. Stephens reiterated an overweight rating and set a $130.00 price target on shares of Global Payments in a report on Wednesday, September 18th. Finally, StockNews.com cut Global Payments from a buy rating to a hold rating in a research note on Thursday. One analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $141.36.

Global Payments Trading Up 0.6 %

Global Payments stock opened at $97.67 on Tuesday. The company has a 50 day moving average price of $105.63 and a 200 day moving average price of $109.61. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.92 and a current ratio of 0.92. Global Payments has a 52 week low of $91.60 and a 52 week high of $141.77. The firm has a market capitalization of $24.93 billion, a price-to-earnings ratio of 19.38, a P/E/G ratio of 0.71 and a beta of 0.98.

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

Global Payments Dividend Announcement

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

Insider Buying and Selling

In related news, CAO David M. Sheffield sold 1,651 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $100.73, for a total value of $166,305.23. Following the sale, the chief accounting officer now 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 SEC, which is available through this link. 0.98% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Global Payments

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