Bank of Montreal Can Lowers Holdings in Global Payments Inc. $GPN

Bank of Montreal Can lessened its holdings in Global Payments Inc. (NYSE:GPN) by 11.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 950,357 shares of the business services provider’s stock after selling 122,670 shares during the quarter. Bank of Montreal Can’s holdings in Global Payments were worth $78,956,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Independent Advisor Alliance raised its stake in Global Payments by 260.5% in the third quarter. Independent Advisor Alliance now owns 29,446 shares of the business services provider’s stock valued at $2,446,000 after buying an additional 21,278 shares in the last quarter. BIP Wealth LLC lifted its position in Global Payments by 151.6% in the third quarter. BIP Wealth LLC now owns 30,103 shares of the business services provider’s stock valued at $2,501,000 after acquiring an additional 18,138 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new stake in Global Payments in the third quarter valued at $905,000. HB Wealth Management LLC boosted its stake in Global Payments by 213.9% in the third quarter. HB Wealth Management LLC now owns 36,861 shares of the business services provider’s stock valued at $3,062,000 after acquiring an additional 25,118 shares in the last quarter. Finally, Saiph Capital LLC purchased a new position in shares of Global Payments during the second quarter worth about $7,269,000. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GPN. Keefe, Bruyette & Woods raised their price objective on shares of Global Payments from $87.00 to $90.00 and gave the stock a “market perform” rating in a research report on Thursday, February 19th. Raymond James Financial raised Global Payments to a “moderate buy” rating in a report on Wednesday, February 18th. TD Cowen reiterated a “hold” rating on shares of Global Payments in a research note on Thursday, February 19th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $88.00 price target (up from $80.00) on shares of Global Payments in a report on Monday, February 23rd. Finally, Truist Financial set a $85.00 price objective on shares of Global Payments in a research report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $91.36.

Global Payments Stock Performance

Shares of GPN opened at $72.87 on Thursday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.83. Global Payments Inc. has a 12-month low of $65.93 and a 12-month high of $100.56. The stock has a market cap of $20.40 billion, a P/E ratio of 12.59, a PEG ratio of 0.41 and a beta of 0.73. The company has a 50-day moving average of $75.01 and a two-hundred day moving average of $79.70.

Global Payments (NYSE:GPN) last announced its earnings results on Wednesday, February 18th. The business services provider reported $3.18 EPS for the quarter, beating analysts’ consensus estimates of $3.16 by $0.02. The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.32 billion. Global Payments had a return on equity of 12.72% and a net margin of 16.92%.Global Payments’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.85 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. As a group, research analysts predict that Global Payments Inc. will post 11.89 EPS for the current fiscal year.

Global Payments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 9th will be issued a $0.25 dividend. The ex-dividend date is Monday, March 9th. This represents a $1.00 annualized dividend and a yield of 1.4%. Global Payments’s payout ratio is 17.27%.

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.