Global Payments (GPN) has been under a strong bear grip, hence the stock is down -3.64% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.15% in the past 1 week. The stock has risen by 0.2% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.65% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 1.51% and the 50-Day Moving Average is 0.05%. Global Payments (NYSE:GPN): On Fridays trading session , Opening price of the stock was $74.65 with an intraday high of $75.06. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $74.34. However, the stock managed to close at $74.69, a loss of 0.21% for the day. On the previous day, the stock had closed at $74.85. The total traded volume of the day was 572,341 shares.
The company Insiders own 0.95% of Global Payments shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -6.25% . Institutional Investors own 85.43% of Global Payments shares. During last six month period, the net percent change held by insiders has seen a change of -6.78%. Also, Barclays maintains their rating on the shares of Global Payments (NYSE:GPN). The current rating of the shares is Equal-weight. Equity Analysts at the Firm raises the price target to $75 per share from $73 per share. The rating by the firm was issued on July 29, 2016.
Global Payments Inc. is a provider of payment technology services. The Company provides payment and digital commerce solutions. The Company operates in two segments: North America merchant services and International merchant services. The Companys North America merchant services and International merchant services segments primarily provide payment solutions for credit cards, debit cards, electronic payments and check-related services. The Companys North America merchant services and International merchant services segments target customers in various industries, including financial services, gaming, government, healthcare, professional services, restaurants, retail, universities, not-for-profit organizations and utilities. The Company performs a series of services, including authorization, electronic draft capture, file transfers to facilitate funds settlement and certain exception-based, back office support services, such as chargeback and retrieval resolution.