Barclays Maintains Global Payments (GPN) Overweight Recommendation

Fintel reports that on July 10, 2023, Barclays maintained coverage of Global Payments (NYSE:GPN) with a Overweight recommendation.

Analyst Price Forecast Suggests 31.63% Upside

As of July 6, 2023, the average one-year price target for Global Payments is 139.33. The forecasts range from a low of 89.89 to a high of $218.40. The average price target represents an increase of 31.63% from its latest reported closing price of 105.85.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Global Payments is 8,614MM, a decrease of 5.46%. The projected annual non-GAAP EPS is 10.54.

What is the Fund Sentiment?

There are 1668 funds or institutions reporting positions in Global Payments. This is an increase of 2 owner(s) or 0.12% in the last quarter. Average portfolio weight of all funds dedicated to GPN is 0.35%, an increase of 20.09%. Total shares owned by institutions decreased in the last three months by 3.27% to 263,774K shares. The put/call ratio of GPN is 0.70, indicating a bullish outlook.

What are Other Shareholders Doing?

Wellington Management Group Llp holds 14,193K shares representing 5.42% ownership of the company. In it's prior filing, the firm reported owning 14,932K shares, representing a decrease of 5.21%. The firm decreased its portfolio allocation in GPN by 85.95% over the last quarter.

Price T Rowe Associates holds 11,877K shares representing 4.53% ownership of the company. In it's prior filing, the firm reported owning 12,589K shares, representing a decrease of 5.99%. The firm decreased its portfolio allocation in GPN by 6.97% over the last quarter.

Synovus Financial holds 8,230K shares representing 3.14% ownership of the company. In it's prior filing, the firm reported owning 8,225K shares, representing an increase of 0.06%. The firm increased its portfolio allocation in GPN by 4.76% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,577K shares representing 2.89% ownership of the company. In it's prior filing, the firm reported owning 7,853K shares, representing a decrease of 3.64%. The firm decreased its portfolio allocation in GPN by 5.60% over the last quarter.

Orbis Allan Gray holds 6,547K shares representing 2.50% ownership of the company. In it's prior filing, the firm reported owning 6,360K shares, representing an increase of 2.86%. The firm increased its portfolio allocation in GPN by 8.03% over the last quarter.

Global Payments Background Information
(This description is provided by the company.)

Global Payments Inc. is a leading pure play payments technology company delivering innovative software and services to its customers globally. Its technologies, services and employee expertise enable the company to provide a broad range of solutions that allow its customers to operate their businesses more efficiently across a variety of channels around the world.

Additional reading:

• Form of Restricted Stock Award pursuant to the 2011 Amended and Restated Incentive Plan for Executive Officers (calendar 2023).
• Form of Performance Unit Award Agreement pursuant to the 2011 Amended and Restated Incentive Plan for Executive Officers (calendar 2023).
• Form of Stock Option Award pursuant to the 2011 Amended and Restated Incentive Plan for Executive Officers (calendar 2023).
• Raises 2023 Outlook Completes EVO Payments Acquisition Closes Netspend Consumer Divestiture Executes Sale of Gaming Solutions Business
• Amended and Restated Employment Agreement, dated May 1, 2023, between the Company and Cameron M. Bready

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.