Friday, August 11, 2017 10:15 PM ET
Significant Insider Selling in Shares of Global Payments (GPN) Continues
A notable insider sale of the shares of Global Payments was disclosed in a form 4 document filed with the SEC today, showing — David E Mangum, Officer — disposed of 75,794 shares in the company having a market value of approximately $7,163,669. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 25,300 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 101,094 shares and have averaged 25,274 shares per transaction over this time period.
Relative to its peers over the last 90 days, insider buy/sell trading at Global Payments is greater than the 19-company peer group average. Transaction & Payment Services peer group saw 24 buy/sell trades during this period for an average of 1.3 transactions per company. The number of shares per buy/sell trade for Global Payments insiders was also higher. Within the peer group there were 4,300 shares purchased and 285,175 shares sold with company insiders having sold 11,703 shares on average.
In order to focus on significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated data obtained to compose and write this story.
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