Insider Sell: David Green Sells 17,920 Shares of Global Payments Inc
On November 2, 2023, David Green, Chief Admin & Legal Officer of Global Payments Inc (NYSE:GPN), sold 17,920 shares of the company. This move has sparked interest among investors and analysts alike, as insider trading activities can often provide valuable insights into a company's prospects.
David Green is a key figure at Global Payments Inc, a leading worldwide provider of payment technology and software solutions. The company's technologies, services, and employee expertise enable it to provide a broad range of solutions that allow its customers to accept various payment types and operate their businesses more efficiently across a variety of distribution channels in many markets around the world.
Over the past year, the insider has sold a total of 17,920 shares and has not made any purchases. This recent sale represents a significant portion of his transactions in the company's stock over the past year.
The insider transaction history for Global Payments Inc shows a trend of more sells than buys over the past year. There have been 2 insider buys and 5 insider sells in total. This could potentially indicate a bearish sentiment within the company's insiders.
On the day of the insider's recent sale, shares of Global Payments Inc were trading for $112.53 apiece, giving the stock a market cap of $29.62 billion. The price-earnings ratio is 34.06, which is higher than the industry median of 16.23 but lower than the companys historical median price-earnings ratio.
According to the GuruFocus Value, which is an intrinsic value estimate developed by GuruFocus, the stock is modestly undervalued. With a price of $112.53 and a GuruFocus Value of $153.79, Global Payments Inc has a price-to-GF-Value ratio of 0.73.
The GF Value is calculated based on historical multiples that the stock has traded at, a GuruFocus adjustment factor based on the companys past returns and growth, and future estimates of business performance from Morningstar analysts.
While the insider's recent sell activity may raise eyebrows, it's important to note that insider sell activities are not always an indicator of a company's future performance. Investors should consider other factors such as the company's fundamentals, market conditions, and industry trends before making investment decisions.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
