Global Payments, Inc (NYSE: GPN) is -8.38% 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 $115.41 in the last trading session, with the day’s gains setting it 0.95%.
Currently trading at $116.36, the stock is 10.93% and 11.01% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.75 million and changing 0.82% at the moment leaves the stock 4.03% off its SMA200. GPN registered 6.58% gain for a year compared to 6-month loss of 5.60%. The firm has a 50-day simple moving average (SMA 50) of $104.821 and a 200-day simple moving average (SMA200) of $111.8514.
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The stock witnessed a 13.38% gain in the last 1 month and extending the period to 3 months gives it a 10.73%, and is 8.37% 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 3.26% over the week and 2.73% over the month.
Global Payments, Inc (GPN) has around 27000 employees, a market worth around $29.61B and $10.02B in sales. Current P/E ratio is 21.93 and Fwd P/E is 9.07. Profit margin for the company is 13.61%. Distance from 52-week low is 27.03% and -17.93% from its 52-week high. The company has generated returns on investments over the last 12 months (3.59%).
with sales reaching $2.33B over the same period.The EPS is expected to grow by 11.10% this year, but quarterly earnings will post 6.00% year-over-year. Quarterly sales are estimated to grow 6.40% in year-over-year returns.
Global Payments, Inc (GPN) Top Institutional Holders
1250.0 institutions hold shares in Global Payments, Inc (GPN), with institutional investors hold 93.82% of the company’s shares. The shares outstanding are 260.38M, and float is at 252.31M with Short Float at 2.49%. Institutions hold 93.03% 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 Carter Andrea M, the company’s Chief Human Resources Officer. SEC filings show that Carter Andrea M sold 2,366 shares of the company’s common stock on Nov 04 ’24 at a price of $105.67 per share for a total of $0.25 million. Following the sale, the insider now owns 22078.0 shares.
Still, SEC filings show that on Oct 31 ’24, Green David Lawrence (Chief Administrative Officer) disposed off 31,291 shares at an average price of $104.55 for $3.27 million. The insider now directly holds 66,225 shares of Global Payments, Inc (GPN).
