B. Riley Comments on Global Payments Inc.’s FY2025 Earnings (NYSE:GPN)

Global Payments Inc. (NYSE:GPN) – Investment analysts at B. Riley lowered their FY2025 earnings per share (EPS) estimates for Global Payments in a note issued to investors on Wednesday, September 25th. B. Riley analyst H. Goetsch now expects that the business services provider will post earnings of $12.20 per share for the year, down from their previous estimate of $12.90. B. Riley has a “Buy” rating and a $194.00 price objective on the stock. The consensus estimate for Global Payments’ current full-year earnings is $11.07 per share.

Global Payments (NYSE:GPN) last issued its earnings results on Wednesday, August 7th. The business services provider reported $2.93 EPS for the quarter, beating the consensus estimate of $2.90 by $0.03. Global Payments had a return on equity of 11.93% and a net margin of 14.26%. The business had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period last year, the business posted $2.48 EPS. The company’s revenue was up 4.7% compared to the same quarter last year.

Other analysts have also recently issued research reports about the company. William Blair cut Global Payments from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Wells Fargo & Company started coverage on shares of Global Payments in a research note on Wednesday, June 12th. They set an “equal weight” rating and a $100.00 target price on the stock. KeyCorp cut their price objective on shares of Global Payments from $145.00 to $135.00 and set an “overweight” rating for the company in a report on Wednesday. Stephens reaffirmed an “overweight” rating and issued a $130.00 target price on shares of Global Payments in a report on Wednesday, September 18th. Finally, JPMorgan Chase & Co. upped their price target on shares of Global Payments from $111.00 to $118.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $141.36.

Global Payments Stock Up 3.4 %

Shares of Global Payments stock opened at $101.02 on Thursday. The company has a market cap of $25.79 billion, a price-to-earnings ratio of 20.04, a price-to-earnings-growth ratio of 0.71 and a beta of 0.98. 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 company’s 50 day moving average is $105.56 and its 200 day moving average is $109.52. Global Payments has a twelve month low of $91.60 and a twelve month high of $141.77.

Global Payments Dividend Announcement

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

Insider Buying and Selling

In other news, CAO David M. Sheffield sold 1,651 shares of Global Payments 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 transaction, the chief accounting officer now directly owns 20,531 shares in the company, valued at approximately $2,068,087.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.98% of the stock is owned by insiders.

Institutional Investors Weigh In On Global Payments

Institutional investors have recently bought and sold shares of the company. Pzena Investment Management LLC lifted its stake in shares of Global Payments by 194.2% during the second quarter. Pzena Investment Management LLC now owns 6,423,463 shares of the business services provider’s stock worth $621,149,000 after buying an additional 4,240,388 shares during the period. AQR Capital Management LLC lifted its position in shares of Global Payments by 188.1% in the second quarter. AQR Capital Management LLC now owns 1,157,728 shares of the business services provider’s stock valued at $109,857,000 after acquiring an additional 755,898 shares in the last quarter. Kodai Capital Management LP acquired a new stake in Global Payments during the 4th quarter worth $69,029,000. Natixis boosted its position in Global Payments by 830.2% during the first quarter. Natixis now owns 589,520 shares of the business services provider’s stock worth $78,795,000 after acquiring an additional 526,143 shares during the last quarter. Finally, Lord Abbett & CO. LLC grew its position in shares of Global Payments by 267.0% in the first quarter. Lord Abbett & CO. LLC now owns 677,854 shares of the business services provider’s stock valued at $90,602,000 after purchasing an additional 493,164 shares in the last quarter. 89.76% of the stock is currently owned by institutional investors and hedge funds.

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.