Global Payments stock is trading -8.24% below its average target price of $140.97 after marking a 4.8% during today's afternoon session. Analysts are giving the large-cap Business Services company an average rating of buy and target prices ranging from $90.0 to $180.0 per share.
The stock has a very low short interest at 1.5%, and a short ratio of 2.22. The company's insiders own 1.11% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 90.5% of Global Payments's shares being owned by this investor type.
Institutions Invested in Global Payments
Date Reported | Holder | Percentage | Shares | Value |
---|---|---|---|---|
2023-09-30 | Vanguard Group Inc | 10% | 24,971,350 | $3,231,417,516 |
2023-09-30 | Blackrock Inc. | 7% | 17,796,556 | $2,302,963,307 |
2023-09-30 | Price (T.Rowe) Associates Inc | 5% | 11,877,774 | $1,537,043,329 |
2023-09-30 | Wellington Management Group, LLP | 4% | 11,146,142 | $1,442,366,491 |
2023-09-30 | State Street Corporation | 4% | 10,325,049 | $1,336,112,953 |
2023-09-30 | FMR, LLC | 4% | 9,346,779 | $1,209,519,925 |
2023-09-30 | Synovus Financial Corporation | 3% | 8,164,412 | $1,056,515,724 |
2023-09-30 | Orbis Allan Gray Ltd | 3% | 7,142,620 | $924,290,732 |
2023-09-30 | Geode Capital Management, LLC | 2% | 5,579,690 | $722,039,777 |
2023-09-30 | Boston Partners | 2% | 5,142,771 | $665,500,274 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Global Payments.