Callodine Capital Management LP Has $57.30 Million Stake in Global Payments Inc. $GPN

Callodine Capital Management LP lifted its stake in Global Payments Inc. (NYSE:GPN) by 47.0% in the first quarter, Holdings Channel.com reports. The firm owned 851,331 shares of the business services provider’s stock after buying an additional 272,351 shares during the period. Global Payments comprises about 4.0% of Callodine Capital Management LP’s holdings, making the stock its 6th biggest position. Callodine Capital Management LP’s holdings in Global Payments were worth $57,295,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of GPN. BI Asset Management Fondsmaeglerselskab A S raised its holdings in Global Payments by 1.6% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 10,260 shares of the business services provider’s stock valued at $794,000 after buying an additional 163 shares during the period. Allworth Financial LP boosted its stake in Global Payments by 43.2% during the third quarter. Allworth Financial LP now owns 610 shares of the business services provider’s stock worth $51,000 after buying an additional 184 shares during the period. Van ECK Associates Corp increased its position in Global Payments by 0.6% during the third quarter. Van ECK Associates Corp now owns 30,262 shares of the business services provider’s stock valued at $2,514,000 after acquiring an additional 187 shares during the last quarter. New Mexico Educational Retirement Board increased its position in Global Payments by 1.8% during the fourth quarter. New Mexico Educational Retirement Board now owns 11,248 shares of the business services provider’s stock valued at $871,000 after acquiring an additional 200 shares during the last quarter. Finally, Dempze Nancy E raised its stake in shares of Global Payments by 1.5% in the fourth quarter. Dempze Nancy E now owns 13,500 shares of the business services provider’s stock valued at $1,045,000 after acquiring an additional 200 shares during the period. Institutional investors own 89.76% of the company’s stock.

Global Payments Stock Up 4.0%

Shares of GPN opened at $80.97 on Friday. The firm has a market capitalization of $22.15 billion, a P/E ratio of -39.69, a P/E/G ratio of 0.46 and a beta of 0.76. Global Payments Inc. has a 12-month low of $61.16 and a 12-month high of $90.64. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.86. The firm has a fifty day moving average price of $72.29 and a 200-day moving average price of $72.00.

Global Payments (NYSE:GPN) last posted its quarterly earnings results on Wednesday, May 6th. The business services provider reported $2.96 EPS for the quarter, topping the consensus estimate of $2.82 by $0.14. The company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.81 billion. Global Payments had a negative net margin of 7.99% and a positive return on equity of 13.11%. The firm’s revenue was up 63.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.82 EPS. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Equities research analysts expect that Global Payments Inc. will post 13.82 earnings per share for the current year.

Global Payments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, June 12th. Global Payments’s dividend payout ratio is currently -49.02%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GPN. UBS Group restated a “neutral” rating and issued a $80.00 target price on shares of Global Payments in a report on Thursday, May 7th. Citigroup cut their price target on shares of Global Payments from $110.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Global Payments from $75.00 to $70.00 and set a “hold” rating on the stock in a research report on Tuesday, June 9th. Stephens set a $80.00 target price on Global Payments and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Finally, Cantor Fitzgerald cut their target price on Global Payments from $88.00 to $76.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Four analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $83.46.

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.