A new trading day began on Monday, with Global Payments, Inc. (NYSE: GPN) stock price up 2.65% from the previous day of trading, before settling in for the closing price of $99.13. GPN’s price has ranged from $91.60 to $141.77 over the past 52 weeks.
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Annual sales at Technology sector company grew by 24.95% over the past five years. Meanwhile, its annual earnings per share averaged 11.33%. With a float of $252.23 million, this company’s outstanding shares have now reached $260.38 million.
Let’s look at the performance matrix of the company that is accounted for 27000 employees. In terms of profitability, gross margin is 62.63%, operating margin of 21.59%, and the pretax margin is 15.77%.
Global Payments, Inc. (GPN) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Infrastructure Industry. The insider ownership of Global Payments, Inc. is 0.87%, while institutional ownership is 91.94%. The most recent insider transaction that took place on Aug 08 ’24, was worth 166,305. In this transaction EVP, Chief Accounting Officer of this company sold 1,651 shares at a rate of $100.73, taking the stock ownership to the 20,531 shares. Before that another transaction happened on Aug 08 ’24, when Company’s Officer proposed sale 1,651 for $100.73, making the entire transaction worth $166,305.
Global Payments, Inc. (GPN) Performance Highlights and Predictions
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 2.75 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 3.02 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 11.33% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.63% during the next five years compared to 5.82% growth over the previous five years of trading.
Global Payments, Inc. (NYSE: GPN) Trading Performance Indicators
Here are Global Payments, Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.92. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.62. Likewise, its price to free cash flow for the trailing twelve months is 16.33.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.46, a number that is poised to hit 3.09 in the next quarter and is forecasted to reach 12.89 in one year’s time.
Technical Analysis of Global Payments, Inc. (GPN)
Global Payments, Inc. (NYSE: GPN) saw its 5-day average volume 1.78 million, a negative change from its year-to-date volume of 2.26 million. As of the previous 9 days, the stock’s Stochastic %D was 27.33%. Additionally, its Average True Range was 2.49.
During the past 100 days, Global Payments, Inc.’s (GPN) raw stochastic average was set at 38.54%, which indicates a significant decrease from 62.14% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.69% in the past 14 days, which was lower than the 30.41% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $105.13, while its 200-day Moving Average is $113.08. Nevertheless, the first resistance level for the watch stands at $102.76 in the near term. At $103.76, the stock is likely to face the second major resistance level. The third major resistance level sits at $105.61. If the price goes on to break the first support level at $99.91, it is likely to go to the next support level at $98.06. Assuming the price breaks the second support level, the third support level stands at $97.06.
Global Payments, Inc. (NYSE: GPN) Key Stats
With a market capitalization of 25.89 billion, the company has a total of 255,250K Shares Outstanding. Currently, annual sales are 9,654 M while annual income is 986,230 K. The company’s previous quarter sales were 2,569 M while its latest quarter income was 374,760 K.
