As of Wednesday close, Global Payments Inc.’s (NYSE:GPN) stock was up $2.3, moving up 1.84 percent to $127.15. The average number of shares traded per day over the past five days has been 1,966,800 shares. 3 times new highs have been achieved over the past 5 days, with a $3.88 gain in that time frame. In the last twenty days, the average volume was 1,907,910, while in the previous 50 days, it was 2,082,968.
Since last month, GPN stock rose 5.30%. Shares of the company fell to $109.01 on 07/31/23, the lowest level in the past month. A 52-week high of $136.64 was reached on 08/10/23 after having rallying from a 52-week low of $92.27. Since the beginning of this year, GPN’s stock price has risen by 28.02% or $27.83, and marked a new high 17 times. However, the stock has declined by -6.95% since its 52-week high.
GPN stock investors should be aware that Global Payments Inc. (GPN) stock had its last reported insider trading activity 14 days ago on Aug 17. Sacchi Guido Francesco, the Senior EVP and CIO of the company, disposed of 14,502 shares for $124.47 on Aug 17. It resulted in a $1,805,064 divestment by the insider. SHEFFIELD DAVID M sold 2,016 shares at an average price of $119.47 on Aug 02. The insider now owns 25,045 shares following the transaction. On Feb 27, Chief Accounting Officer SHEFFIELD DAVID M sold 1,562 shares at $113.08 apiece. The transaction was valued at $176,631.
Valuation Metrics
Right now, Global Payments Inc. (GPN) has a P/E ratio of about 42.45. The stock’s beta is 0.97. Besides these, the trailing price-to-sales (P/S) ratio of 3.55, the price-to-book (PB) ratio of 1.50, and the price-to-cash flow ratio of 20.74 may also be considered.
The latest dividend of $0.25 per share was paid out, remained unchanged from last year’s $0.25. On Monday August 2 2021, a $0.0550 dividend increase was announced.
Financial Health
In the three months ended June 30, Global Payments Inc.’s quick ratio stood at 1.10, while its current ratio was 1.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 30 was 0.77, and the total debt-to-equity ratio was 0.79. On the profitability front, the trailing twelve-month gross margin is 59.60% percent. In the year ended June 30, operating margins totaled 15.70%. Based on annual data, GPN earned $5.2 billion in gross profit and brought in $8.98 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 1.30%. Return on equity (ROE) for the past 12 months was 3.60%.
In Global Payments Inc.’s quarter-end financial report for June 30, it reported total debt of $16.98 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. GPN’s revenue rose 7.0% to $2.29 billion during the quarter, while net income inched up to $2.45 billion. While analysts expected Global Payments Inc. to report $2.58 quarterly earnings, the actual figure was $2.62 per share, beating the consensus estimate by 1.60%. During the quarter, the company generated $1.09 billion in EBITDA. The liabilities of Global Payments Inc. were 25.73 billion at the end of its most recent quarter ended June 30, and its total debt was $17.59 billion. The value of shareholders’ equity is $259.99 million.
Technical Picture
This quick technical analysis looks at Global Payments Inc.’s (GPN) price momentum. With a historical volatility rate of 20.88%, the RSI 9-day stood at 68.33% on 30 August.
With respect to its five-day moving average, the current Global Payments Inc. price is up by +3.15% percent or $3.88. At present, GPN shares trade +4.26% above its 20-day simple moving average and +20.98% percent above its 100-day simple moving average. However, the stock is currently trading approximately +25.84% above its SMA50 and +23.58% above its SMA200.
Stochastic coefficient K was 67.64% and Stochastic coefficient D was 46.37%, while ATR was 2.61. Given the Stochastic reading of 93.11% for the 14-day period, the RSI (14) reading has been calculated as 67.19%. As of today, the MACD Oscillator reading stands at 1.91, while the 14-day reading stands at 1.52.
Analyst Ratings
Jefferies upgraded its rating on Global Payments Inc. (NYSE: GPN) to a Buy in a note to investors on August 10, 2023. The analysts firm previously had a Hold rating on the stock.Global Payments Inc. (GPN) has been rated Overweight by analysts. According to 1 brokerage firm, GPN is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 6 analysts rate Global Payments Inc. stock as buy, with 24 recommending it as overweight.
With a median target price of $145.00, the current consensus forecast for the stock is $97.00 – $211.00. Based on these forecasts, analysts predict Global Payments Inc. (GPN) will achieve an average price target of $145.97.
