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

Cibc World Market Inc. purchased a new stake in Global Payments Inc. (NYSE:GPN) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 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 modified their holdings of the company. OMERS ADMINISTRATION Corp acquired a new position in shares of Global Payments during the 2nd quarter worth about $949,000. Osmosis Investment Management UK Ltd acquired a new stake in Global Payments in the 2nd quarter valued at about $507,000. Sanctuary Advisors LLC bought a new position in Global Payments during the second quarter worth about $331,000. Meiji Yasuda Asset Management Co Ltd. bought a new position in Global Payments during the second quarter worth about $1,669,000. Finally, Twin Tree Management LP acquired a new position in Global Payments during the second quarter worth approximately $375,000. Institutional investors own 89.76% of the company’s stock.

Global Payments Trading Down 0.6%

Shares of GPN stock opened at $93.72 on Wednesday. Global Payments Inc. has a 12-month low of $61.16 and a 12-month high of $95.88. The company has a market capitalization of $24.80 billion, a PE ratio of -31.45, a price-to-earnings-growth ratio of 0.54 and a beta of 0.74. The firm has a 50 day moving average price of $80.81 and a two-hundred day moving average price of $74.23. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.90.

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

Global Payments Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on GPN shares. Truist Financial upped their price objective on Global Payments from $79.00 to $95.00 and gave the company a “hold” rating in a research note on Tuesday. UBS Group started coverage on Global Payments in a research note on Thursday, August 6th. They set a “buy” rating for the company. Weiss Ratings reissued a “sell (d)” rating on shares of Global Payments in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft cut their price target on Global Payments from $75.00 to $70.00 and set a “hold” rating for the company in a report on Tuesday, June 9th. Finally, Jefferies Financial Group raised shares of Global Payments from a “hold” rating to a “buy” rating in a research report on Thursday, August 6th. Ten analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $92.16.

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.