Global Payments Inc. (NYSE:GPN) finished Wednesday with a subtraction of -$0.33 to close at $124.04, a downside of -0.27 percent. An average of 1,884,720 shares of common stock have been traded in the last five days. There was a gain of $2.08 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 2,253,650 shares traded, while the 50-day average volume stands at 2,491,314.
GPN stock has increased by 14.50% in the last month. The company shares reached their 1-month lowest point of $105.66 on 07/10/23. With the stock rallying to its 52-week high on 08/09/23, shares of the company touched a low of $92.27 and a high of $136.88 in 52 weeks. It has reached a new high 16 times so far this year and achieved 24.89% or $24.72 in price. In spite of this, the price is down -9.38% from the 52-week high.
Insider Transactions
GPN stock investors should be aware that Global Payments Inc. (GPN) stock had its last reported insider trading activity 8 days ago on Aug 02. In this transaction, the insider spent $240,852. Chief Accounting Officer, SHEFFIELD DAVID M, disposed of 1,562 shares at a price of $113.08 on Feb 27. The insider now owns more than $176,631 worth of shares. Prior to that, Director BRUNO JOHN G went on to Sale 4,807 shares at $97.47 each on Nov 09. An amount of $468,538 was transacted.
Valuation Metrics
Global Payments Inc. (GPN) has a trailing price-to-earnings (P/E) ratio of 41.42. The stock’s beta is 0.97. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.45, the price-to-book (PB) ratio at 1.46, and the price-to-cash flow ratio at 24.19.
The company has a payout ratio of 33.30%. The company’s most recent quarterly dividend payment was $0.25 a share, without any change from last year. Its latest increase dividend $0.0550 reported on Monday August 2 2021.
Financial Health
The quick ratio of Global Payments Inc. for the three months ended June 29 was 1.10, and the current ratio was 1.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.77 and a total debt to equity ratio of 0.79 for the quarter ending June 29. Global Payments Inc.’s EBITDA margin for the year ending June 29 is 41.81%, while its operating margin for the same period stands at 15.70%. Its gross profit as reported stood at $5.2 billion compared to revenue of $8.98 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Global Payments Inc.’s return on assets was 1.70%.
Earnings Surprise
For the three-month period that ended June 29, Global Payments Inc. had $16.98 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $274.15 million in the quarter, while revenues were grew 345.49%. The analyst consensus anticipated Global Payments Inc.’s latest quarter earnings to come in at $2.58 per share, but it turned out to be $2.62, a 1.60% surprise. For the quarter, EBITDA amounted to $1.09 billion. Shareholders own equity worth $259.99 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Global Payments Inc. (GPN) price momentum. RSI 9-day as of the close on 09 August was 78.86%, suggesting the stock is Overbought, with historical volatility in this time frame at 47.98%.
As of today, GPN’s price is $123.06 +1.71% or $2.08 from its 5-day moving average. GPN is currently trading +13.92% higher than its 20-day SMA and +22.91% higher than its 100-day SMA. However, the stock’s current price level is +24.08% above the SMA50 and +9.98% above the SMA200.
The stochastic %K and %D were 91.83% and 89.13%, respectively, and the average true range (ATR) was 3.44. With the 14-day stochastic at 93.01% and the average true range at 3.24, the RSI (14) stands at 75.47%. The stock has reached 3.98 on the 9-day MACD Oscillator while the 14-day reading was at 7.17.
Analyst Ratings
B. Riley Securities launched coverage on Global Payments Inc. (NYSE: GPN) in its analyst report released on June 23, 2023. The firm assigned the stock a Buy rating. The consensus rating for Global Payments Inc. (GPN) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell GPN, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 5 analysts, while 23 others rate it as a “buy”.
What is GPN’s price target for the next 12 months?
Analysts predict a range of price targets between $97.00 and $211.00, with a median target of $144.50. Taking a look at these predictions, the average price target given by analysts for Global Payments Inc. (GPN) stock is $143.03.
