Cibc World Market Inc. Makes New Investment in Global Payments Inc. $GPN

Cibc World Market Inc. bought a new position in shares of Global Payments Inc. (NYSE:GPN) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 93,494 shares of the business services provider’s stock, valued at approximately $6,784,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Strive Financial Group LLC bought a new position in Global Payments during the 4th quarter worth $25,000. DV Equities LLC bought a new stake in shares of Global Payments during the 4th quarter valued at $26,000. Torren Management LLC acquired a new stake in shares of Global Payments during the 4th quarter worth $34,000. Western Wealth Management LLC bought a new stake in Global Payments during the first quarter worth about $34,000. Finally, Johnson Financial Group Inc. acquired a new position in shares of Global Payments in the 3rd quarter valued at approximately $35,000. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on GPN shares. Argus set a $110.00 price target on shares of Global Payments and gave the stock a “buy” rating in a report on Thursday, August 6th. Susquehanna set a $111.00 price objective on shares of Global Payments and gave the company a “positive” rating in a research report on Wednesday, June 3rd. Stephens set a $80.00 target price on Global Payments and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Barclays set a $89.00 target price on Global Payments and gave the company an “equal weight” rating in a report on Thursday, August 6th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $83.00 price target on shares of Global Payments in a research note on Thursday, August 6th. Ten analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $92.16.

Global Payments Price Performance

GPN stock opened at $93.72 on Wednesday. The company has a 50 day simple moving average of $80.81 and a 200 day simple moving average of $74.23. The stock has a market cap of $24.80 billion, a price-to-earnings ratio of -31.45, a P/E/G ratio of 0.54 and a beta of 0.74. Global Payments Inc. has a 1 year low of $61.16 and a 1 year high of $95.88. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.82.

Global Payments (NYSE:GPN) last issued its earnings results on Wednesday, August 5th. The business services provider reported $3.46 earnings per share for the quarter, beating analysts’ consensus estimates of $3.44 by $0.02. The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.16 billion. Global Payments had a negative net margin of 9.16% and a positive return on equity of 13.80%. The company’s quarterly revenue was up 68.6% on a year-over-year basis. During the same quarter last year, the business posted $3.10 earnings per share. Global Payments has set its FY 2026 guidance at 13.600-13.800 EPS. Research analysts anticipate that Global Payments Inc. will post 13.66 EPS for the current fiscal year.

Global Payments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, September 11th. This represents a $1.00 dividend on an annualized basis and a yield of 1.1%. Global Payments’s payout ratio is currently -33.56%.

Global Payments Company Profile

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.