Global Payments, Inc. (NYSE: GPN) is -20.93% 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 $102.42 in the last trading session, with the day’s loss setting it -2.0%.
Currently trading at $100.42, the stock is -6.85% and -4.72% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.61 million and changing -1.95% at the moment leaves the stock -13.34% off its SMA200. GPN registered -12.97% loss for a year compared to 6-month loss of -21.77%. The firm has a 50-day simple moving average (SMA 50) of $105.3972 and a 200-day simple moving average (SMA200) of $115.7348.
The stock witnessed a -9.54% gain in the last 1 month and extending the period to 3 months gives it a 3.43%, and is -3.27% 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 3.06% over the week and 3.01% 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 7.76. Profit margin for the company is 14.26%. Distance from 52-week low is 9.63% and -29.17% 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 11.49% this year.
Global Payments, Inc. (GPN) Top Institutional Holders
1230.0 institutions hold shares in Global Payments, Inc. (GPN), with institutional investors hold 93.66% of the company’s shares. The shares outstanding are 260.38M, and float is at 252.23M with Short Float at 2.98%. Institutions hold 92.85% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 24.2 million shares valued at $2.34 billion. The investor’s holdings represent 9.4189% of the GPN Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 17.75 million shares valued at $1.72 billion to account for 6.9084 of the shares outstanding. The other top investors are STATE STREET CORP which holds 10.53 million shares representing 4.1001% and valued at over $1.02 billion, while BANK OF AMERICA CORP /DE/ holds 4.0525 of the shares totaling 10.41 million with a market value of $1.01 billion.
Global Payments, Inc. (GPN) Insider Activity
The most recent transaction is an insider sale by SHEFFIELD DAVID M, the company’s EVP, 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).
