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.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this news story on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The legal version of this news story can be viewed at https://ledgergazette.com/2018/02/24/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.

Leave a Reply