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

CIBC Asset Management Inc grew its stake in shares of Global Payments Inc. (NYSE:GPN) by 61.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 55,807 shares of the business services provider’s stock after buying an additional 21,163 shares during the period. CIBC Asset Management Inc’s holdings in Global Payments were worth $4,319,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. SouthState Bank Corp acquired a new position in Global Payments in the third quarter worth about $28,000. REAP Financial Group LLC acquired a new position in Global Payments in the third quarter worth about $28,000. True Wealth Design LLC raised its position in Global Payments by 183.6% in the fourth quarter. True Wealth Design LLC now owns 431 shares of the business services provider’s stock worth $33,000 after purchasing an additional 279 shares in the last quarter. Torren Management LLC acquired a new position in Global Payments in the fourth quarter worth about $34,000. Finally, Johnson Financial Group Inc. acquired a new position in Global Payments in the third quarter worth about $35,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. BNP Paribas Exane dropped their price target on shares of Global Payments from $64.00 to $60.00 and set an “underperform” rating for the company in a research report on Friday, April 10th. Mizuho dropped their price target on shares of Global Payments from $125.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday, March 26th. Wells Fargo & Company increased their price target on shares of Global Payments from $103.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. The Goldman Sachs Group assumed coverage on shares of Global Payments in a research report on Monday, March 9th. They issued a “hold” rating and a $88.00 price target for the company. Finally, Stephens set a $80.00 price target on shares of Global Payments and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Five investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $85.50.

Global Payments Stock Performance

NYSE GPN opened at $66.35 on Friday. The firm has a market cap of $18.15 billion, a price-to-earnings ratio of -32.53, a PEG ratio of 0.37 and a beta of 0.76. The company has a 50 day moving average of $69.21 and a 200-day moving average of $73.34. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.86. Global Payments Inc. has a 1-year low of $62.45 and a 1-year high of $90.64.

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

Global Payments Announces Dividend

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

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.