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Global Payments, Inc. (GPN) – Don’t Be So Quick to Call it Dead

Global Payments, Inc. (NYSE: GPN) is 0.37% higher 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 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 $126.87 in the last trading session, with the day’s gains setting it 0.6%.

Currently trading at $127.47, the stock is 0.70% and -1.94% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.4 million and changing 0.47% at the moment leaves the stock 3.76% off its SMA200. GPN registered 17.77% gain for a year compared to 6-month gain of 17.18%.

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The stock witnessed a -3.91% loss in the last 1 month and extending the period to 3 months gives it a -1.95%, and is 3.68% 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 1.84% over the week and 2.04% over the month.

Global Payments, Inc. (GPN) has around 27000 employees, a market worth around $32.89B and $9.65B in sales. Current P/E ratio is 33.74 and Fwd P/E is 9.66. Profit margin for the company is 10.22%. Distance from 52-week low is 34.01% and -10.09% from its 52-week high. The company has generated returns on investments over the last 12 months (2.52%).

The EPS is expected to grow by 11.52% this year

The shares outstanding are 260.38M, and float is at 255.80M with Short Float at 2.62%.

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).

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