Global Payments, Inc. (NYSE: GPN) is -14.31% 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 $108.78 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $108.83, the stock is 8.43% and 10.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.08 million and changing 0.05% at the moment leaves the stock -6.74% off its SMA200. GPN registered -11.98% loss for a year compared to 6-month loss of -21.03%.
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The stock witnessed a 7.58% gain in the last 1 month and extending the period to 3 months gives it a -0.40%, and is 6.63% 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 2.37% over the week and 2.79% over the month.
Global Payments, Inc. (GPN) has around 27000 employees, a market worth around $27.69B and $9.90B in sales. Current P/E ratio is 19.95 and Fwd P/E is 8.29. Profit margin for the company is 14.26%. Distance from 52-week low is 18.81% and -23.24% 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 11.50% this year.
Global Payments, Inc. (GPN) Top Institutional Holders
1235.0 institutions hold shares in Global Payments, Inc. (GPN), with institutional investors hold 93.64% of the company’s shares. The shares outstanding are 260.38M, and float is at 251.99M with Short Float at 2.11%. Institutions hold 92.83% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 24.58 million shares valued at $$3.29 billion. The investor’s holdings represent 9.568 of the GPN Shares outstanding. As of 2024-03-31, the second largest holder is BLACKROCK INC. with 17.82 million shares valued at $$2.38 billion to account for 6.9339 of the shares outstanding. The other top investors are PRICE T ROWE ASSOCIATES INC /MD/ which holds 12.08 million shares representing 4.7032 and valued at over $$1.62 billion, while FMR LLC holds 4.4972 of the shares totaling 11.55 million with a market value of $$1.54 billion.
Global Payments, Inc. (GPN) Insider Activity
The most recent transaction is an insider sale by SHEFFIELD DAVID M,the company’sEVP, Chief Accounting Officer. SEC filings show that SHEFFIELD DAVID M sold 1,651 shares of the company’s common stock on Aug 08 ’24 at a price of $100.73 per share for a total of $0.17 million. Following the sale, the insider now owns 20531.0 shares.
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).
