Global Payments Inc. $GPN Shares Sold by Bank of Montreal Can

Key Points

• Bank of Montreal Can trimmed its stake in Global Payments by 11.4% in Q3, selling 122,670 shares and now holds 950,357 shares (about 0.40% of the company) valued at $78.956 million.
• Global Payments slightly beat quarterly EPS expectations ($3.18 vs. $3.16), reported roughly flat revenue, and set FY2026 EPS guidance of $13.80–$14.00.
• Analysts’ consensus rating is a Hold with an average price target of $91.36; the mix of ratings includes 1 Strong Buy, 6 Buy, 16 Hold and 2 Sell.

Bank of Montreal Can trimmed its holdings in Global Payments Inc. (NYSE:GPN - Free Report) by 11.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 950,357 shares of the business services provider's stock after selling 122,670 shares during the quarter. Bank of Montreal Can owned 0.40% of Global Payments worth $78,956,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. North Star Investment Management Corp. boosted its holdings in Global Payments by 242.2% during the third quarter. North Star Investment Management Corp. now owns 308 shares of the business services provider's stock worth $26,000 after buying an additional 218 shares in the last quarter. Root Financial Partners LLC acquired a new stake in Global Payments during the third quarter valued at $27,000. REAP Financial Group LLC purchased a new position in Global Payments in the third quarter valued at $28,000. SouthState Bank Corp purchased a new stake in shares of Global Payments in the third quarter valued at approximately $28,000. Finally, Mather Group LLC. acquired a new position in shares of Global Payments during the 3rd quarter worth approximately $37,000. Hedge funds and other institutional investors own 89.76% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on GPN. The Goldman Sachs Group initiated coverage on shares of Global Payments in a research note on Monday. They issued a "hold" rating and a $88.00 price target on the stock. BNP Paribas Exane increased their price objective on shares of Global Payments from $73.00 to $76.00 and gave the company an "underperform" rating in a report on Thursday, February 19th. Weiss Ratings reissued a "hold (c-)" rating on shares of Global Payments in a research note on Thursday, January 22nd. TD Cowen restated a "hold" rating on shares of Global Payments in a report on Thursday, February 19th. Finally, Wells Fargo & Company upped their target price on shares of Global Payments from $103.00 to $105.00 and gave the stock an "overweight" rating in a report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $91.36.

Global Payments Stock Performance

Shares of Global Payments stock opened at $72.87 on Thursday. The firm has a market cap of $20.40 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 0.41 and a beta of 0.73. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.83. Global Payments Inc. has a 52 week low of $65.93 and a 52 week high of $100.56. The business's fifty day simple moving average is $75.01 and its 200-day simple moving average is $79.70.

Global Payments (NYSE:GPN - Get Free Report) last issued its quarterly earnings data on Wednesday, February 18th. The business services provider reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.16 by $0.02. The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.32 billion. Global Payments had a net margin of 16.92% and a return on equity of 12.72%. Global Payments's revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.85 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Equities analysts forecast that Global Payments Inc. will post 11.89 earnings per share for the current year.

Global Payments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 9th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $1.00 annualized dividend and a yield of 1.4%. Global Payments's dividend payout ratio is presently 17.27%.

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.

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