On August 8, 2024, David Sheffield, Executive Vice President and Chief Accounting Officer of Global Payments Inc (NYSE:GPN), sold 1,651 shares of the company’s stock. The transaction was carried out at a price of $100.73 per share, as described in the SEC filing. Following this sale, the insider now owns 20,531 shares of Global Payments Inc.
Global Payments Inc. is a global leader in payments technology and software solutions, delivering innovative services to customers around the world.
Over the past year, David Sheffield has sold a total of 3,451 shares of Global Payments Inc. and made no purchases. This recent sale is part of a broader trend seen over the past year, when there were 8 insider sales and just 1 insider purchase.
At the time of the last transaction, Global Payments Inc (NYSE:GPN) had a market capitalization of $25.97 billion. The stock’s price-to-earnings ratio is 18.69, which is higher than the industry median of 17.64. This ratio is also lower than the company’s historical median.
The GF Value of the stock is $134.56, which means that Global Payments Inc. is considered slightly undervalued at the current price of $100.73. The Price to GF Value ratio is 0.75.
The GF value is calculated based on historical trading multiples such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio and price-to-free cash flow, along with a GuruFocus adjustment factor based on past earnings and growth as well as Morningstar analysts’ views on future business performance.
This insider sale may be of interest to investors who track insider behavior and evaluate Global Payments Inc.’s valuation metrics.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
