Global Payments (NYSE:GPN) Downgraded by 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 published on Tuesday morning, 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, Q3 2025 earnings at $3.32 EPS, Q4 2025 earnings at $3.33 EPS and FY2025 earnings at $12.21 EPS.

Other analysts also recently issued reports about the company. Keefe, Bruyette & Woods decreased their target price on Global Payments from $150.00 to $140.00 and set an outperform rating on the stock in a research report on Monday, July 8th. Royal Bank of Canada decreased their price objective on shares of Global Payments from $172.00 to $158.00 and set an outperform rating on the stock in a research report on Thursday, August 8th. KeyCorp lowered their price objective on shares of Global Payments from $145.00 to $135.00 and set an overweight rating on the stock in a research note on Wednesday. Wells Fargo & Company began coverage on shares of Global Payments in a research report on Wednesday, June 12th. They set an equal weight rating and a $100.00 target price for the company. Finally, Evercore ISI reduced their price target on shares of Global Payments from $170.00 to $160.00 and set an outperform rating on the stock in a report on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, Global Payments currently has an average rating of Moderate Buy and a consensus target price of $141.36.

Global Payments Stock Performance

NYSE:GPN opened at $101.02 on Tuesday. The firm’s fifty day simple moving average is $105.56 and its 200-day simple moving average is $109.52. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.68. The stock has a market cap of $25.79 billion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 0.71 and a beta of 0.98. Global Payments has a fifty-two week low of $91.60 and a fifty-two week high of $141.77.

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

Global Payments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.99%. The ex-dividend date was Friday, September 13th. Global Payments’s dividend payout ratio (DPR) is 19.84%.

Insider Activity

In other Global Payments news, CAO David M. Sheffield sold 1,651 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $100.73, for a total transaction of $166,305.23. Following the transaction, the chief accounting officer now owns 20,531 shares of the company’s stock, valued at $2,068,087.63. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.98% of the company’s stock.

Hedge Funds Weigh In On Global Payments

Several hedge funds and other institutional investors have recently modified their holdings of GPN. Pzena Investment Management LLC lifted its holdings in shares of Global Payments by 194.2% during the 2nd quarter. Pzena Investment Management LLC now owns 6,423,463 shares of the business services provider’s stock valued at $621,149,000 after acquiring an additional 4,240,388 shares in the last quarter. Boston Partners lifted its stake in shares of Global Payments by 0.3% during the first quarter. Boston Partners now owns 4,797,677 shares of the business services provider’s stock worth $639,967,000 after purchasing an additional 12,196 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Global Payments by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,957,914 shares of the business services provider’s stock worth $189,307,000 after buying an additional 193,137 shares during the period. Glenview Capital Management LLC grew its stake in shares of Global Payments by 5.5% in the fourth quarter. Glenview Capital Management LLC now owns 1,948,128 shares of the business services provider’s stock valued at $247,412,000 after buying an additional 100,993 shares in the last quarter. Finally, Lyrical Asset Management LP raised its holdings in shares of Global Payments by 0.8% during the 4th quarter. Lyrical Asset Management LP now owns 1,764,123 shares of the business services provider’s stock valued at $224,044,000 after buying an additional 14,235 shares during the period. 89.76% of the stock is owned by institutional investors and hedge funds.

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.