Global Payments, Inc. (NYSE: GPN) is -1.57% lower on its value in year-to-date trading and has touched a low of $95.12 and a high of $141.77 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 $128.16 in the last trading session, with the day’s loss setting it -3.15%.
Currently trading at $125.01, the stock is -4.45% and -5.57% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.16 million and changing -2.46% at the moment leaves the stock 2.75% off its SMA200. GPN registered 19.28% gain for a year compared to 6-month gain of 9.85%. The firm has a 50-day simple moving average (SMA 50) of $4.89 and a 200-day simple moving average (SMA200) of $13.08.
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The stock witnessed a -4.03% loss in the last 1 month and extending the period to 3 months gives it a -4.82%, and is -1.64% down 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 1.88% over the week and 2.24% over the month.
Global Payments, Inc. (GPN) has around 27000 employees, a market worth around $32.25B and $9.65B in sales. Current P/E ratio is 33.09 and Fwd P/E is 9.47. Profit margin for the company is 10.22%. Distance from 52-week low is 31.42% and -11.83% from its 52-week high. The company has generated returns on investments over the last 12 months (2.52%).
Global Payments, Inc. quarterly earnings per share for the current quarter are estimated at $2.57 with sales reaching $2.17B over the same period.The EPS is expected to grow by 11.48% this year, but quarterly earnings will post 6.50% year-over-year. Quarterly sales are estimated to grow 6.00% in year-over-year returns.
1,237 institutions hold shares in Global Payments, Inc. (GPN), with institutional investors hold 93.65% of the company’s shares. The shares outstanding are 260.38M, and float is at 255.80M with Short Float at 2.62%. Institutions hold 92.86% 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
The most recent transaction is an insider sale by WOODS M TROY, the company’s Director. SEC filings show that WOODS M TROY sold 5,247 shares of the company’s common stock on Dec 14 ’23 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 ’23 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 ’23 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 ’23, 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).
