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Why Global Payments, Inc. (GPN) Stock Could See Much Higher Prices Ahead

Global Payments, Inc. (NYSE: GPN) is -20.92% lower on its value in year-to-date trading and has touched a low of $91.60 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 $102.06 in the last trading session, with the day’s loss setting it -1.63%.

Currently trading at $100.43, the stock is 0.60% and 2.74% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.05 million and changing -1.60% at the moment leaves the stock -13.96% off its SMA200. GPN registered -21.37% loss for a year compared to 6-month loss of -26.15%.

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The stock witnessed a 3.06% gain in the last 1 month and extending the period to 3 months gives it a -8.06%, and is 8.39% 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 3.62% over the week and 2.91% over the month.

Global Payments, Inc. (GPN) has around 27000 employees, a market worth around $25.55B and $9.90B in sales. Current P/E ratio is 18.41 and Fwd P/E is 7.65. Profit margin for the company is 14.26%. Distance from 52-week low is 9.64% and -29.16% from its 52-week high. The company has generated returns on investments over the last 12 months (3.71%).

The EPS is expected to grow by 11.51% this year.

Global Payments, Inc. (GPN) Top Institutional Holders

The shares outstanding are 260.38M, and float is at 252.23M with Short Float at 2.11%.

Global Payments, Inc. (GPN) Insider Activity

Global Payments, Inc. disclosed in a document filed with the SEC on Aug 08 ’24 that SHEFFIELD DAVID M (EVP, Chief Accounting Officer) sold a total of 1,651 shares of the company’s common stock. The trade occurred on Aug 08 ’24 and was made at $100.73 per share for $0.17 million. Following the transaction, the insider now directly holds 20531.0 shares of the GPN stock.

Still, SEC filings show that on Jun 06 ’24, JOHNSTON SHANNON A (Senior EVP and CIO) disposed off 1,727 shares at an average price of $98.33 for $0.17 million. The insider now directly holds 12,489 shares of Global Payments, Inc. (GPN).

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