Twin Tree Management LP acquired a new position in shares of Worldpay Inc (NYSE:WP) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,853 shares of the business services provider’s stock, valued at approximately $651,000.
Separately, Boston Family Office LLC acquired a new stake in shares of Worldpay during the 4th quarter worth approximately $484,000.
Several analysts have recently commented on the stock. Zacks Investment Research raised shares of Worldpay from a “sell” rating to a “hold” rating in a research report on Friday, January 26th. JPMorgan Chase & Co. started coverage on shares of Worldpay in a research report on Friday, January 19th. They set an “overweight” rating and a $89.00 price objective for the company. Credit Suisse Group started coverage on shares of Worldpay in a research report on Monday, January 22nd. They issued an “outperform” rating for the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $89.00 price target on shares of Worldpay in a research report on Monday, January 22nd. Finally, Morgan Stanley started coverage on shares of Worldpay in a research report on Monday, January 22nd. They issued an “overweight” rating and a $93.00 price target for the company. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $82.80.
Shares of Worldpay Inc (NYSE WP) opened at $76.84 on Friday. The company has a market capitalization of $13,587.82, a price-to-earnings ratio of 25.65, a PEG ratio of 1.54 and a beta of 0.64. Worldpay Inc has a 52 week low of $59.10 and a 52 week high of $82.07. The company has a debt-to-equity ratio of 7.45, a quick ratio of 0.72 and a current ratio of 0.72.
COPYRIGHT VIOLATION WARNING: “Twin Tree Management LP Invests $651,000 in Worldpay Inc (WP)” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another website, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be accessed at https://ledgergazette.com/2018/02/17/twin-tree-management-lp-invests-651000-in-worldpay-inc-wp.html.
Worldpay Company Profile
Worldpay, Inc, formerly Vantiv, Inc, is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC. The Company is a payment processor. The Company’s segments include Merchant Services and Financial Institution Services. The Company offers a range of payment processing services that enable its clients to meet their payment processing needs through a single provider.
Receive News & Ratings for Worldpay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Worldpay and related companies with MarketBeat.com's FREE daily email newsletter.