1,196 institutions hold shares in Global Payments Inc. (GPN), with 1.94M shares held by insiders accounting for 0.66% while institutional investors hold 91.31% of the company’s shares. The shares outstanding are 299.26M, and float is at 298.42M with Short Float at 1.07%. Institutions hold 90.71% of the Float.
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The top institutional shareholder in the company is Price (T.Rowe) Associates Inc with over 48.87 million shares valued at $10.53 billion. The investor’s holdings represent 16.33% of the GPN Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 23.73 million shares valued at $5.11 billion to account for 7.93% of the shares outstanding. The other top investors are Wellington Management Company, LLP which holds 19.54 million shares representing 6.53% and valued at over $4.21 billion, while Blackrock Inc. holds 6.07% of the shares totaling 18.16 million with a market value of $3.91 billion.
Global Payments Inc. (NYSE: GPN) is -8.13% lower on its value in year-to-date trading and has touched a low of $105.54 and a high of $215.70 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GPN stock was last observed hovering at around $196.06 in the last trading session, with the day’s gains setting it 1.84% off its average median price target of $225.00 for the next 12 months. It is also 19.55% off the consensus price target high of $246.00 offered by 37 analysts, but current levels are -19.94% lower than the price target low of $165.00 for the same period.
Currently trading at $197.90, the stock is 2.86% and 0.70% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.48 million and changing 0.94% at the moment leaves the stock 8.85% off its SMA200. GPN registered -1.26% loss for a year compared to 6-month gain of 17.67%. The firm has a 50-day simple moving average (SMA 50) of $194.44 and a 200-day simple moving average (SMA200) of $185.13.
The stock witnessed a 5.54% loss in the last 1 month and extending the period to 3 months gives it a 3.86%, and is 0.61% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.82% over the week and 2.93% over the month.
Global Payments Inc. (GPN) has around 24000 employees, a market worth around $59.10B and $7.42B in sales. Current P/E ratio is 101.75 and Fwd P/E is 21.48. Profit margin for the company is 5.10%. Distance from 52-week low is 87.51% and -8.25% from its 52-week high. The company has generated returns on investments over the last 12 months (1.90%).
Global Payments Inc. (GPN) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Global Payments Inc. (GPN) is a “Overweight”. 37 analysts offering their recommendations for the stock have an average rating of 1.90, where 7 rate it as a Hold and 3 think it is a “Overweight”. 26 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Global Payments Inc. is expected to release its quarterly report on 05/06/2021 and quarterly earnings per share for the current quarter are estimated at $1.8 with sales reaching $1.78B over the same period.The EPS is expected to shrink by -19.70% this year, but quarterly earnings will post 12.50% year-over-year. Quarterly sales are estimated to grow 2.90% in year-over-year returns.
Global Payments Inc. (GPN) Insider Activity
A total of 37 insider transactions have happened at Global Payments Inc. (GPN) in the last six months, with sales accounting for 28 and purchases happening 9 times. The most recent transaction is an insider sale by JACOBS WILLIAM I, the company’s Director. SEC filings show that JACOBS WILLIAM I sold 500 shares of the company’s common stock on Feb 16 at a price of $198.07 per share for a total of $99035.0. Following the sale, the insider now owns 21893.0 shares.
Global Payments Inc. disclosed in a document filed with the SEC on Jan 15 that JACOBS WILLIAM I (Director) sold a total of 500 shares of the company’s common stock. The trade occurred on Jan 15 and was made at $192.96 per share for $96480.0. Following the transaction, the insider now directly holds 22393.0 shares of the GPN stock.
Still, SEC filings show that on Dec 15, JACOBS WILLIAM I (Director) disposed off 500 shares at an average price of $192.93 for $96465.0. The insider now directly holds 22,893 shares of Global Payments Inc. (GPN).
Global Payments Inc. (GPN): Who are the competitors?
The company’s main competitors (and peers) include Euronet Worldwide Inc. (EEFT) that is trading 11.14% up over the past 12 months. EVERTEC Inc. (EVTC) is 16.49% up on the 1-year trading charts. Short interest in the company’s stock has fallen -46.88% from the last report on Dec 30, 2020 to stand at a total of 4.7 million short shares sold with a short interest ratio of 1.71.