Fintel reports that on October 18, 2023, Oppenheimer maintained coverage of Global Payments (NYSE:GPN) with a Outperform recommendation.
Analyst Price Forecast Suggests 29.44% Upside
As of October 5, 2023, the average one-year price target for Global Payments is 148.92. The forecasts range from a low of 97.97 to a high of $221.55. The average price target represents an increase of 29.44% from its latest reported closing price of 115.05.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Global Payments is 8,614MM, a decrease of 7.21%. The projected annual non-GAAP EPS is 10.54.
What is the Fund Sentiment?
There are 1602 funds or institutions reporting positions in Global Payments. This is a decrease of 62 owner(s) or 3.73% in the last quarter. Average portfolio weight of all funds dedicated to GPN is 0.32%, a decrease of 8.31%. Total shares owned by institutions decreased in the last three months by 1.98% to 258,510K shares. 
The put/call ratio of GPN is 0.56, indicating a bullish outlook.
What are Other Shareholders Doing?
Price T Rowe Associates holds 12,520K shares representing 4.82% ownership of the company. In it's prior filing, the firm reported owning 11,877K shares, representing an increase of 5.14%. The firm increased its portfolio allocation in GPN by 107.24% over the last quarter.
Wellington Management Group Llp holds 11,518K shares representing 4.43% ownership of the company. In it's prior filing, the firm reported owning 14,193K shares, representing a decrease of 23.22%. The firm increased its portfolio allocation in GPN by 414.91% over the last quarter.
Synovus Financial holds 8,205K shares representing 3.16% ownership of the company. In it's prior filing, the firm reported owning 8,230K shares, representing a decrease of 0.31%. The firm increased its portfolio allocation in GPN by 51.78% over the last quarter.
Orbis Allan Gray holds 7,241K shares representing 2.79% ownership of the company. In it's prior filing, the firm reported owning 6,547K shares, representing an increase of 9.58%. The firm increased its portfolio allocation in GPN by 43.37% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 6,351K shares representing 2.44% ownership of the company. In it's prior filing, the firm reported owning 7,577K shares, representing a decrease of 19.31%. The firm decreased its portfolio allocation in GPN by 27.61% 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.
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