Global Payments (NYSE:GPN) Updates FY 2025 Earnings Guidance

Global Payments (NYSE:GPN) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share guidance of 6.600-6.666 for the period, compared to the consensus earnings per share estimate of 11.990. The company issued revenue guidance of $10.1 billion-$10.2 billion, compared to the consensus revenue estimate of $9.3 billion.

Global Payments Trading Down 0.8%

GPN opened at $77.11 on Tuesday. Global Payments has a twelve month low of $65.93 and a twelve month high of $120.00. The company has a 50-day simple moving average of $85.77 and a 200 day simple moving average of $81.73. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $18.71 billion, a price-to-earnings ratio of 13.48, a P/E/G ratio of 0.76 and a beta of 0.98.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Wednesday, August 6th. The business services provider reported $3.10 earnings per share for the quarter, topping the consensus estimate of $3.06 by $0.04. Global Payments had a net margin of 15.07% and a return on equity of 12.47%. The business had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter in the prior year, the business posted $2.93 earnings per share. Global Payments’s revenue was up 1.6% compared to the same quarter last year. Analysts predict that Global Payments will post 11.89 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Global Payments from $85.00 to $95.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Wells Fargo & Company raised Global Payments to a “strong-buy” rating in a report on Wednesday, October 22nd. Keefe, Bruyette & Woods raised their price objective on shares of Global Payments from $81.00 to $85.00 and gave the company a “market perform” rating in a report on Wednesday, July 9th. Royal Bank Of Canada raised their price objective on shares of Global Payments from $86.00 to $93.00 and gave the company a “sector perform” rating in a report on Thursday, August 7th. Finally, Mizuho upgraded shares of Global Payments from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $86.00 to $114.00 in a report on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $103.37.

Insider Buying and Selling at Global Payments

In related news, General Counsel Dara L. Steele-Belkin sold 2,000 shares of Global Payments stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $86.00, for a total value of $172,000.00. Following the completion of the sale, the general counsel owned 30,713 shares of the company’s stock, valued at approximately $2,641,318. This trade represents a 6.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.01% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Global Payments

A number of institutional investors and hedge funds have recently modified their holdings of GPN. Brighton Jones LLC purchased a new stake in Global Payments in the fourth quarter valued at approximately $725,000. Caxton Associates LLP purchased a new position in shares of Global Payments in the first quarter worth $243,000. Intech Investment Management LLC boosted its holdings in Global Payments by 43.5% in the first quarter. Intech Investment Management LLC now owns 14,462 shares of the business services provider’s stock valued at $1,416,000 after acquiring an additional 4,386 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Global Payments by 7.3% in the second quarter. Daiwa Securities Group Inc. now owns 41,577 shares of the business services provider’s stock worth $3,327,000 after buying an additional 2,840 shares during the period. Finally, AXA S.A. lifted its holdings in Global Payments by 236.6% in the second quarter. AXA S.A. now owns 28,622 shares of the business services provider’s stock worth $2,291,000 after buying an additional 20,119 shares during the period. 89.76% of the stock is owned by hedge funds and other institutional investors.

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.