Callodine Capital Management LP Has $29.41 Million Stock Holdings in Global Payments Inc. $GPN

Callodine Capital Management LP boosted its position in Global Payments Inc. (NYSE:GPN) by 40.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 354,014 shares of the business services provider’s stock after buying an additional 101,256 shares during the period. Global Payments makes up approximately 2.6% of Callodine Capital Management LP’s portfolio, making the stock its 15th biggest position. Callodine Capital Management LP owned approximately 0.15% of Global Payments worth $29,411,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. North Star Investment Management Corp. grew its stake in Global Payments by 242.2% in the third quarter. North Star Investment Management Corp. now owns 308 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 218 shares during the period. Root Financial Partners LLC acquired a new position in shares of Global Payments during the third quarter worth approximately $27,000. SouthState Bank Corp bought a new position in shares of Global Payments in the 3rd quarter worth $28,000. REAP Financial Group LLC acquired a new stake in Global Payments in the 3rd quarter valued at $28,000. Finally, Johnson Financial Group Inc. acquired a new stake in Global Payments in the 3rd quarter valued at $35,000. Institutional investors own 89.76% of the company’s stock.

Global Payments Price Performance

GPN opened at $68.64 on Friday. Global Payments Inc. has a 1 year low of $65.93 and a 1 year high of $100.56. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market capitalization of $19.21 billion, a price-to-earnings ratio of 11.86, a P/E/G ratio of 0.39 and a beta of 0.73. The firm’s fifty day moving average price is $74.73 and its two-hundred day moving average price is $79.49.

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 the consensus estimate of $3.16 by $0.02. Global Payments had a net margin of 16.92% and a return on equity of 12.72%. The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter in the prior year, the company posted $2.85 earnings per share. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. As a group, analysts anticipate that Global Payments Inc. will post 11.89 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 9th will be given 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 dividend yield of 1.5%. Global Payments’s dividend payout ratio (DPR) is currently 17.27%.

Analyst Upgrades and Downgrades

GPN has been the topic of several research reports. Raymond James Financial upgraded shares of Global Payments to a “moderate buy” rating in a report on Wednesday, February 18th. Weiss Ratings reissued a “hold (c-)” rating on shares of Global Payments in a research report on Thursday, January 22nd. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $88.00 price target (up from $80.00) on shares of Global Payments in a research report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft initiated coverage on Global Payments in a research note on Wednesday, January 14th. They set a “hold” rating and a $80.00 price target for the company. Finally, Keefe, Bruyette & Woods boosted their price objective on Global Payments from $87.00 to $90.00 and gave the stock a “market perform” rating in a report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $91.36.

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.