The stock price of Global Payments, Inc. (NYSE: GPN) has plunged by -1.38 when compared to previous closing price of 130.15, but the company has seen a -3.24% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-01 that The SPDR S&P 500 ETF Trust had a 3.27% return in March, outperforming Vanguard’s Dividend Appreciation Index Fund ETF Shares. The top 15 dividend growth stocks for April 2024 offer an average dividend yield of 1.44% and appear to be about 24% undervalued based on dividend yield theory.
Is It Worth Investing in Global Payments, Inc. (NYSE: GPN) Right Now?
The price-to-earnings ratio for Global Payments, Inc. (NYSE: GPN) is above average at 33.98x. The 36-month beta value for GPN is also noteworthy at 0.96. There are mixed opinions on the stock, with 15 analysts rating it as a “buy,” 11 rating it as “overweight,” 7 rating it as “hold,” and 1 rating it as “sell.”
The public float for GPN is 255.80M, and at present, short sellers hold a 2.81% of that float. The average trading volume of GPN on April 03, 2024 was 2.38M shares.
GPN’s Market Performance
The stock of Global Payments, Inc. (GPN) has seen a -3.24% decrease in the past week, with a -1.33% drop in the past month, and a 1.07% gain in the past quarter. The volatility ratio for the week is 2.63%, and the volatility levels for the past 30 days are at 2.15% for GPN. The simple moving average for the past 20 days is -2.30% for GPN’s stock, with a 6.20% simple moving average for the past 200 days.
Analysts’ Opinion of GPN
Many brokerage firms have already submitted their reports for GPN stocks, with Evercore ISI repeating the rating for GPN by listing it as a “Outperform.” The predicted price for GPN in the upcoming period, according to Evercore ISI is $185 based on the research report published on February 02, 2024 of the current year 2024.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see GPN reach a price target of $138. The rating they have provided for GPN stocks is “Market Perform” according to the report published on December 05th, 2023.
BTIG Research gave a rating of “Buy” to GPN, setting the target price at $135 in the report published on November 20th of the previous year.
GPN Trading at -3.42% from the 50-Day Moving Average
After a stumble in the market that brought GPN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.46% of loss for the given period.
Volatility was left at 2.15%, however, over the last 30 days, the volatility rate increased by 2.63%, as shares sank -0.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.85% lower at present.
During the last 5 trading sessions, GPN fell by -3.24%, which changed the moving average for the period of 200-days by +26.89% in comparison to the 20-day moving average, which settled at $131.38. In addition, Global Payments, Inc. saw 1.07% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GPN starting from WOODS M TROY, who sale 5,247 shares at the price of $133.77 back on Dec 14 ’23. After this action, WOODS M TROY now owns 248,029 shares of Global Payments, Inc., valued at $701,891 using the latest closing price.
BALDWIN ROBERT H B JR, the Director of Global Payments, Inc., purchase 3,500 shares at $120.06 during a trade that took place back on Dec 08 ’23, which means that BALDWIN ROBERT H B JR is holding 40,892 shares at $420,210 based on the most recent closing price.
Stock Fundamentals for GPN
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.61 for the gross margin
The net margin for Global Payments, Inc. stands at 0.1. The total capital return value is set at 0.04. Equity return is now at value 4.35, with 2.07 for asset returns.
Based on Global Payments, Inc. (GPN), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 0.76. The interest coverage ratio of the stock is 2.6.
Currently, EBITDA for the company is 3.74 billion with net debt to EBITDA at 4.08. When we switch over and look at the enterprise to sales, we see a ratio of 5.01. The receivables turnover for the company is 8.62for trailing twelve months and the total asset turnover is 0.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.99.
Conclusion
In summary, Global Payments, Inc. (GPN) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
