Global Payments, Inc. (GPN) up 8.46% since start of the year

Global Payments, Inc. (NYSE: GPN) is 8.46% higher on its value in year-to-date trading and has touched a low of $94.05 and a high of $138.07 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GPN stock was last observed hovering at around $136.00 in the last trading session, with the day’s gains setting it 1.75%.

Currently trading at $137.75, the stock is 3.50% and 7.31% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.47 million and changing 1.29% at the moment leaves the stock 18.99% off its SMA200. GPN registered 23.39% gain for a year compared to 6-month gain of 8.60%. The firm has a 50-day simple moving average (SMA 50) of $5.41 and a 200-day simple moving average (SMA200) of $14.92.

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The stock witnessed a 4.36% loss in the last 1 month and extending the period to 3 months gives it a 28.45%, and is 1.22% 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 1.67% over the week and 1.98% over the month.

Global Payments, Inc. (GPN) has around Dec 14 2023 employees, a market worth around $35.87B and $9.47B in sales. Current P/E ratio is 41.35 and Fwd P/E is 11.71. Profit margin for the company is 9.23%. Distance from 52-week low is 46.46% and -0.23% from its 52-week high. The company has generated returns on investments over the last 12 months (2.24%).

Global Payments, Inc. quarterly earnings per share for the current quarter are estimated at $2.64 with sales reaching $2.18B over the same period.The EPS is expected to grow by 11.73% this year, but quarterly earnings will post 7.50% year-over-year. Quarterly sales are estimated to grow 7.90% in year-over-year returns.

Global Payments, Inc. (GPN) Top Institutional Holders

1,213 institutions hold shares in Global Payments, Inc. (GPN), with institutional investors hold 89.67% of the company’s shares. The shares outstanding are 263.08M, and float is at 257.60M with Short Float at 2.04%. Institutions hold 88.71% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 25.41 million shares valued at $2.5 billion. The investor’s holdings represent 9.77% of the GPN Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 18.38 million shares valued at $1.81 billion to account for 7.07% of the shares outstanding. The other top investors are Price (T.Rowe) Associates Inc which holds 12.52 million shares representing 4.82% and valued at over $1.23 billion, while Wellington Management Group, LLP holds 4.43% of the shares totaling 11.52 million with a market value of $1.13 billion.

Global Payments, Inc. (GPN) Insider Activity

A total of 6 insider transactions have happened at Global Payments, Inc. (GPN) in the last six months, with sales accounting for 5 and purchases happening 1 times. The most recent transaction is an insider sale by WOODS M TROY,the company’sDirector. SEC filings show that WOODS M TROY sold 5,247 shares of the company’s common stock on Dec 14 at a price of $133.77 per share for a total of $0.7 million. Following the sale, the insider now owns 0.25 million shares.

Global Payments, Inc. disclosed in a document filed with the SEC on Dec 08 that BALDWIN ROBERT H B JR (Director) bought a total of 3,500 shares of the company’s common stock. The trade occurred on Dec 08 and was made at $120.06 per share for $0.42 million. Following the transaction, the insider now directly holds 40892.0 shares of the GPN stock.

Still, SEC filings show that on Nov 15, SHEFFIELD DAVID M (EVP, Chief Accounting Officer) disposed off 1,800 shares at an average price of $112.85 for $0.2 million. The insider now directly holds 22,335 shares of Global Payments, Inc. (GPN).

Global Payments, Inc. (GPN): Who are the competitors?

The company’s main competitors (and peers) include PayPal Holdings Inc. (PYPL) that is trading -24.37% down over the past 12 months. Fidelity National Information Services Inc. (FIS) that is -5.58% lower over the same period.