Home Stock Earnings Investing in Global Payments Inc. [GPN]: What You Must Know

Investing in Global Payments Inc. [GPN]: What You Must Know

Investing in Global Payments Inc. [GPN]: What You Must Know

In a filing, Global Payments Inc. revealed its Director WOODS M TROY acquired Company’s shares for reported $0.5 million on Nov 04. In the deal valued at $95.26 per share,5,247 shares were bought. As a result of this transaction, WOODS M TROY now holds 287,688 shares worth roughly $ 28.52 million.

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Then, SHEFFIELD DAVID M sold 3,500 shares, generating $466,200 in total proceeds. Upon selling the shares at $133.20, the Chief Accounting Officer now owns 28,737 shares.

Before that, Green David Lawrence sold 16,252 shares. Global Payments Inc. shares valued at $2,114,385 were divested by the Senior EVP and General Counsel at a price of $130.10 per share. As a result of the transaction, Green David Lawrence now holds 97,818 shares, worth roughly $9.7 million.

Exane BNP Paribas downgraded its Global Payments Inc. [GPN] rating to a Neutral from a an Outperform in a research note published on Monday. PT values the company’s stock at a premium of 13.79 to its Monday closing price. A number of analysts have revised their coverage, including Credit Suisse’s analysts, who decreased its forecast for the stock in late July from “an Outperform” to “a Neutral”. Goldman began covering GPN with “Neutral” recommendation on May 18, 2022. Stephens started covering the stock on April 06, 2022. It rated GPN as “an Overweight”.

Price Performance Review of GPN

On Monday, Global Payments Inc. [NYSE:GPN] saw its stock jump 1.73% to $99.14. On the same session, the stock had its day’s lowest price of $95.45, but rose to a high of $99.20. Over the last five days, the stock has lost -13.23%. Global Payments Inc. shares have fallen nearly -26.66% since the year began. Nevertheless, the stocks have fallen -27.50% over the past one year. While a 52-week high of $153.76 was reached on 01/07/22, a 52-week low of $93.99 was recorded on 11/03/22. SMA at 50 days reached $117.32, while 200 days put it at $126.23. A total of 2.92 million shares were traded, compared to the trading of 3.74 million shares in the previous session.

Levels Of Support And Resistance For GPN Stock

The 24-hour chart illustrates a support level at 96.66, which if violated will result in even more drops to 94.18. On the upside, there is a resistance level at 100.41. A further resistance level may holdings at 101.68. The Relative Strength Index (RSI) on the 14-day chart is 35.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -15.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.70%. Stochastics %K at 9.45% indicates the stock is a buying.

How much short interest is there in Global Payments Inc.?

A steep rise in short interest was recorded in Global Payments Inc. stocks on Jul 14, 2022, growing by 0.16 million shares to a total of 4.43 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 4.27 million shares. There was a rise of 3.61%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.59% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.66.

Global Payments Inc. [GPN] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 22,083,270 shares, or roughly 7.97% of the outstanding GPN shares. In other words, the investor’s shares have risen by 116,943 from its previous 13-F filing of 21966327.0. Additionally, Wellington Management Co. LLP decreased -1.21% of its stake after which the total value it holdings stand at $1,784,297,830, while T. Rowe Price Associates, Inc. added 6.06% of its stake to hold $1.75 billion in the firm. Over the last quarter, BlackRock Fund Advisors purchased 1,426,104 shares of Global Payments Inc., while SSgA Funds Management, Inc. bought -469,197 shares. At present, Synovus Trust Co. NA is holding 8,133,448 shares valued at $878.82 million. Orbis Investment Management Ltd. owned 5,578,461 shares of the company at the time of its most recent 13F filing, worth $602.75 million.

According to FactSet, Global Payments Inc.’s share price will average $150.07 in the next year, based on opinions of analysts polled by the firm. This is up nearly 45.72 percent from its previous closing price of $97.45. Analysts expect Global Payments Inc. stock to reach the higher price of $224.00, while the lowest price estimate is $113.00. However, 32 analysts have rated GPN stock as an Overweight in their predictions for 2022. The most recent change occurred on April 05, 2022 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $194 price target.


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