Global Payments (NYSE:GPN) Updates FY22 Earnings Guidance

Global Payments (NYSE:GPNGet Rating) updated its FY22 earnings guidance on Monday. The company provided EPS guidance of $9.45-9.67 for the period, compared to the Thomson Reuters consensus EPS estimate of $9.52. The company issued revenue guidance of $8.42-8.50 billion, compared to the consensus revenue estimate of $8.45 billion.

Several research analysts recently weighed in on the company. BNP Paribas upgraded Global Payments to an outperform rating in a research note on Monday, January 10th. They noted that the move was a valuation call. StockNews.com assumed coverage on Global Payments in a research note on Thursday, March 31st. They set a hold rating on the stock. Stephens assumed coverage on Global Payments in a research note on Wednesday, April 6th. They set an overweight rating and a $170.00 target price on the stock. Jefferies Financial Group boosted their target price on Global Payments from $155.00 to $175.00 and gave the stock a buy rating in a research note on Wednesday, January 12th. Finally, Wells Fargo & Company assumed coverage on Global Payments in a research note on Monday, April 4th. They set an overweight rating and a $194.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus target price of $190.14.

Shares of Global Payments stock opened at $136.98 on Monday. The business has a 50 day simple moving average of $135.06 and a two-hundred day simple moving average of $137.41. Global Payments has a 12 month low of $116.75 and a 12 month high of $217.74. The stock has a market capitalization of $38.59 billion, a P/E ratio of 41.76, a PEG ratio of 0.87 and a beta of 1.06. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.06 and a quick ratio of 1.06.

Global Payments (NYSE:GPNGet Rating) last announced its earnings results on Monday, May 2nd. The business services provider reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.03. Global Payments had a return on equity of 8.51% and a net margin of 11.33%. The business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the prior year, the firm earned $1.72 earnings per share. The business’s revenue was up 8.3% compared to the same quarter last year. As a group, research analysts anticipate that Global Payments will post 9.03 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 24th. Shareholders of record on Friday, June 10th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.73%. Global Payments’s payout ratio is currently 30.49%.

In related news, CAO David M. Sheffield sold 1,006 shares of the stock in a transaction that occurred on Monday, February 28th. The stock was sold at an average price of $132.55, for a total value of $133,345.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William I. Jacobs sold 500 shares of the stock in a transaction that occurred on Tuesday, March 15th. The shares were sold at an average price of $127.99, for a total value of $63,995.00. The disclosure for this sale can be found here. Insiders have sold 2,006 shares of company stock valued at $270,255 in the last three months. Insiders own 1.19% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Bank Julius Baer & Co. Ltd Zurich grew its position in Global Payments by 34.3% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 18,942 shares of the business services provider’s stock worth $2,561,000 after acquiring an additional 4,840 shares during the period. Vident Investment Advisory LLC grew its position in Global Payments by 16.4% in the fourth quarter. Vident Investment Advisory LLC now owns 8,083 shares of the business services provider’s stock worth $1,093,000 after acquiring an additional 1,136 shares during the period. NewEdge Advisors LLC grew its position in Global Payments by 30.7% in the fourth quarter. NewEdge Advisors LLC now owns 5,305 shares of the business services provider’s stock worth $717,000 after acquiring an additional 1,245 shares during the period. Virtu Financial LLC purchased a new position in Global Payments in the fourth quarter worth approximately $620,000. Finally, JustInvest LLC grew its position in Global Payments by 47.9% in the fourth quarter. JustInvest LLC now owns 4,418 shares of the business services provider’s stock worth $597,000 after acquiring an additional 1,430 shares during the period. Institutional investors own 84.53% of the company’s stock.

Global Payments Company Profile (Get Rating)

Global Payments Inc provides payment technology and software solutions for card, electronic, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Merchant Solutions, Issuer Solutions, and Business and Consumer Solutions. The Merchant Solutions segment offers authorization services, settlement and funding services, customer support and help-desk functions, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and statements, and on-line reporting services.

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Earnings History and Estimates for Global Payments (NYSE:GPN)

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