Twin Tree Management LP Purchases Shares of 8,853 Worldpay Inc (NYSE:WP)

Twin Tree Management LP acquired a new stake in shares of Worldpay Inc (NYSE:WP) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 8,853 shares of the business services provider’s stock, valued at approximately $651,000.

Separately, Eagle Asset Management Inc. bought a new stake in Worldpay during the 4th quarter worth approximately $38,764,000.

A number of research firms have commented on WP. Zacks Investment Research upgraded shares of Worldpay from a “sell” rating to a “hold” rating in a research note on Friday, January 26th. JPMorgan Chase & Co. initiated coverage on shares of Worldpay in a report on Friday, January 19th. They set an “overweight” rating and a $89.00 price objective for the company. Credit Suisse Group initiated coverage on shares of Worldpay in a report on Monday, January 22nd. They set an “outperform” rating for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $89.00 price objective on shares of Worldpay in a report on Monday, January 22nd. Finally, Morgan Stanley started coverage on shares of Worldpay in a report on Monday, January 22nd. They issued an “overweight” rating and a $93.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. Worldpay presently has an average rating of “Buy” and an average price target of $82.80.

Worldpay Inc (WP) traded up $2.00 on Friday, reaching $78.02. The company’s stock had a trading volume of 1,648,174 shares, compared to its average volume of 5,700,000. 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 current ratio of 0.72 and a quick ratio of 0.72. The stock has a market capitalization of $24,360.00, a price-to-earnings ratio of 54.18, a PEG ratio of 1.53 and a beta of 0.64.

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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.

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