Thu Sep 26 13:22:24 UTC 2024: ## Global Payments (GPN) Downgraded by Seaport Research Partners, Analyst Sentiment Mixed

**New York, NY (MarketBeat News)** – Global Payments Inc. (NYSE:GPN) has been downgraded from a “strong-buy” to a “hold” rating by Seaport Research Partners, according to a research note published on Tuesday. This move comes amidst a mixed sentiment from other analysts, with some maintaining a positive outlook while others have expressed caution.

While Seaport Research Partners lowered their rating, they also provided earnings estimates for Global Payments, projecting $2.65 EPS for Q1 2025, $2.93 EPS for Q2 2025, and $12.21 EPS for FY 2025.

Other analysts have offered varying opinions on the stock. BTIG Research downgraded GPN from a “buy” to a “neutral” rating, while Royal Bank of Canada maintained an “outperform” rating but lowered their target price from $172.00 to $158.00.

Despite these mixed signals, Global Payments reported strong quarterly earnings on August 7th, exceeding analysts’ estimates with $2.93 EPS and revenue of $2.57 billion.

However, the company’s dividend payout ratio has been a source of concern for some investors. Global Payments announced a quarterly dividend of $0.25, representing a $1.00 annualized dividend and a 1.03% yield. The payout ratio currently sits at 19.84%.

Overall, Global Payments is currently rated as a “Moderate Buy” with an average target price of $141.36, according to MarketBeat. This reflects a mixed sentiment among analysts, highlighting the need for investors to carefully evaluate the company’s performance and future prospects before making investment decisions.

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