CIBC Asset Management Inc Has $4.32 Million Position in Global Payments Inc. $GPN

CIBC Asset Management Inc lifted its stake in Global Payments Inc. (NYSE:GPN) by 61.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 55,807 shares of the business services provider’s stock after purchasing an additional 21,163 shares during the quarter. CIBC Asset Management Inc’s holdings in Global Payments were worth $4,319,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Westpac Banking Corp increased its holdings in shares of Global Payments by 5,795.1% in the fourth quarter. Westpac Banking Corp now owns 57,182 shares of the business services provider’s stock valued at $4,426,000 after purchasing an additional 56,212 shares in the last quarter. Moore Capital Management LP increased its holdings in shares of Global Payments by 13.3% in the third quarter. Moore Capital Management LP now owns 231,200 shares of the business services provider’s stock valued at $19,208,000 after purchasing an additional 27,200 shares in the last quarter. LSV Asset Management increased its holdings in shares of Global Payments by 22.7% in the third quarter. LSV Asset Management now owns 342,600 shares of the business services provider’s stock valued at $28,463,000 after purchasing an additional 63,400 shares in the last quarter. Prescott Group Capital Management L.L.C. increased its holdings in shares of Global Payments by 50.2% in the third quarter. Prescott Group Capital Management L.L.C. now owns 89,805 shares of the business services provider’s stock valued at $7,461,000 after purchasing an additional 30,000 shares in the last quarter. Finally, Invenomic Capital Management LP increased its holdings in shares of Global Payments by 11.1% in the third quarter. Invenomic Capital Management LP now owns 681,094 shares of the business services provider’s stock valued at $56,585,000 after purchasing an additional 68,071 shares in the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on GPN shares. BMO Capital Markets started coverage on shares of Global Payments in a report on Tuesday, April 21st. They issued a “market perform” rating and a $76.00 price target for the company. Zacks Research cut shares of Global Payments from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Stephens set a $80.00 price objective on shares of Global Payments and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Wells Fargo & Company raised their price objective on shares of Global Payments from $103.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Finally, Argus reduced their price objective on shares of Global Payments from $100.00 to $95.00 in a research note on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Global Payments has an average rating of “Hold” and an average target price of $85.50.

Global Payments Trading Down 2.1%

Shares of NYSE GPN opened at $66.35 on Friday. The company’s fifty day moving average is $69.21 and its 200-day moving average is $73.34. The stock has a market cap of $18.15 billion, a price-to-earnings ratio of -32.53, a P/E/G ratio of 0.37 and a beta of 0.76. Global Payments Inc. has a twelve month low of $62.45 and a twelve month high of $90.64. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.86.

Global Payments (NYSE:GPN) last announced its quarterly earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.82 by $0.14. The company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.81 billion. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. The business’s quarterly revenue was up 63.1% compared to the same quarter last year. During the same period last year, the firm posted $2.82 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Equities research analysts predict that Global Payments Inc. will post 13.89 EPS for the current year.

Global Payments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, June 12th. Global Payments’s dividend payout ratio (DPR) is currently -49.02%.

About Global Payments

Global Payments Inc (NYSE: GPN) is a worldwide provider of payment technology and software solutions that enables commerce for merchants, issuers and enterprises. The company develops and operates payment processing networks, point-of-sale systems and cloud-based software that facilitate electronic transactions across in-store, online and mobile channels. Its services span merchant acquiring, payment gateway services, omnichannel commerce platforms, and solutions for recurring and subscription billing.

Global Payments offers a range of products and services including integrated payment terminals and point-of-sale software, e-commerce and gateway technologies, fraud prevention and tokenization tools, and business analytics and reporting.