Significant Insider Selling in Shares of Global Payments (GPN) Continues

Thursday, October 12, 2017 10:15 PM ET

Significant Insider Selling in Shares of Global Payments (GPN) Continues

A filing with the SEC today indicated a significant insider sale of Global Payments shares as — Robert H B Baldwin Jr, Director — sold 26,000 shares in the company having a market value of approximately $2,595,210. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 115,822 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 141,822 shares and have averaged 28,364 shares per transaction over this time period.

The number of insider buy/sell trades at Global Payments is higher than that of the 19 peer company average over the last 90-day period. The Transaction & Payment Services peer group saw 34 buy/sell trades during this period for an average of 1.8 transactions per company. However, the number of shares traded per transaction by Global Payments insiders is lower than its peers. Within the peer group there were 342,217 shares purchased and 7,571,070 shares sold with company insiders disposing of 212,613 shares on average over this time period.

The data obtained in composing and writing in this story eliminates 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.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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