North Reef Capital Management LP Takes Position in Global Payments Inc. $GPN

North Reef Capital Management LP bought a new stake in Global Payments Inc. (NYSE:GPN) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 100,000 shares of the business services provider’s stock, valued at approximately $6,730,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Callodine Capital Management LP grew its holdings in shares of Global Payments by 47.0% during the first quarter. Callodine Capital Management LP now owns 851,331 shares of the business services provider’s stock worth $57,295,000 after purchasing an additional 272,351 shares during the last quarter. Gtcr LLC purchased a new stake in shares of Global Payments in the 1st quarter valued at about $2,911,939,000. Waverly Advisors LLC lifted its holdings in shares of Global Payments by 37.4% in the 1st quarter. Waverly Advisors LLC now owns 65,884 shares of the business services provider’s stock valued at $4,434,000 after purchasing an additional 17,917 shares during the last quarter. Cannell & Spears LLC boosted its position in shares of Global Payments by 8.9% in the 1st quarter. Cannell & Spears LLC now owns 18,724 shares of the business services provider’s stock valued at $1,241,000 after purchasing an additional 1,530 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Global Payments by 14.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,634,962 shares of the business services provider’s stock valued at $110,033,000 after purchasing an additional 203,855 shares during the period. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Global Payments Stock Performance

NYSE GPN opened at $80.97 on Friday. The firm has a market cap 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 52-week low of $61.16 and a 52-week high of $90.64. The business’s 50-day moving average price is $72.29 and its 200 day moving average price is $72.00. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.86.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Wednesday, May 6th. The business services provider reported $2.96 EPS for the quarter, beating the consensus estimate of $2.82 by $0.14. Global Payments had a positive return on equity of 13.11% and a negative net margin of 7.99%.The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the prior year, the business earned $2.82 EPS. The firm’s revenue was up 63.1% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, 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. Stockholders of record on Friday, June 12th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.2%. Global Payments’s payout ratio is presently -49.02%.

Wall Street Analyst Weigh In

Several research firms have commented on GPN. Weiss Ratings lowered Global Payments from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, May 11th. Wall Street Zen downgraded Global Payments from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. BTIG Research reissued a “neutral” rating on shares of Global Payments in a report on Tuesday, June 9th. Stephens set a $80.00 target price on shares of Global Payments and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Finally, Cantor Fitzgerald cut their target price on shares of Global Payments from $88.00 to $76.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price 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.