Thu Sep 26 15:04:59 UTC 2024: ## Global Payments Downgraded by Seaport Res Ptn, Analyst Opinions Mixed

**New York, NY** – Global Payments Inc. (NYSE: GPN), a leading provider of payment technology and software solutions, has seen its stock rating downgraded by investment analysts at Seaport Res Ptn from “strong-buy” to “hold.” This move comes despite recent positive earnings reports and a generally bullish outlook from other analysts.

Seaport Res Ptn also issued earnings estimates for Global Payments, predicting $2.65 EPS for Q1 2025, $2.93 EPS for Q2 2025, and $12.21 EPS for FY2025.

Other analysts have expressed a mixed sentiment towards Global Payments. Keefe, Bruyette & Woods lowered their price target but maintained an “outperform” rating, while Royal Bank of Canada also reduced their price target but kept an “outperform” rating. Susquehanna reaffirmed a “positive” rating and set a $147.00 price target, while KeyCorp downgraded their target price but kept an “overweight” rating. JPMorgan Chase & Co. upped their target price and gave a “neutral” rating.

Overall, the company currently holds an average rating of “Moderate Buy” with an average target price of $141.36.

Global Payments recently reported strong Q2 2024 earnings, exceeding analyst expectations with $2.93 EPS and $2.57 billion in revenue. However, the downgrade by Seaport Res Ptn highlights the ongoing uncertainty surrounding the company’s future performance.

In other news, Global Payments’ CAO, David M. Sheffield, sold 1,651 shares of the company’s stock for a total transaction of $166,305.23. The transaction was disclosed in a legal filing with the SEC. Institutional investors currently own 89.76% of the company’s stock.

Global Payments operates through two segments: Merchant Solutions and Issuer Solutions. The company provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific.

The company’s future performance will be closely watched by investors as it navigates the evolving landscape of the payments industry.

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