Worldpay Inc (NYSE:WP) – Equities researchers at Northcoast Research issued their FY2018 EPS estimates for Worldpay in a report issued on Thursday, according to Zacks Investment Research. Northcoast Research analyst K. Mehta forecasts that the business services provider will earn $3.72 per share for the year. Northcoast Research has a “Neutral” rating on the stock.
WP has been the subject of a number of other reports. BMO Capital Markets upgraded shares of Worldpay from a “market perform” rating to an “outperform” rating in a report on Wednesday, January 17th. Zacks Investment Research downgraded shares of Worldpay from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. Goldman Sachs Group restated a “buy” rating and issued a $96.00 target price on shares of Worldpay in a report on Wednesday, January 17th. Stifel Nicolaus restated a “buy” rating and issued a $93.00 target price on shares of Worldpay in a report on Friday, December 15th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Worldpay to $94.00 and gave the company an “overweight” rating in a research report on Thursday, March 1st. Seven equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $83.59.
Worldpay (NYSE:WP) traded down $0.62 during trading on Monday, reaching $84.41. 4,488,167 shares of the company were exchanged, compared to its average volume of 4,922,033. Worldpay has a 52-week low of $59.10 and a 52-week high of $85.53. The stock has a market capitalization of $15,118.77, a P/E ratio of 26.65, a price-to-earnings-growth ratio of 1.55 and a beta of 0.62. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 9.31.
Worldpay (NYSE:WP) last released its earnings results on Wednesday, February 28th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.01). Worldpay had a net margin of 3.23% and a return on equity of 52.03%. The company had revenue of $569.00 million during the quarter, compared to analysts’ expectations of $563.04 million. During the same quarter in the previous year, the firm posted $0.75 earnings per share. Worldpay’s revenue for the quarter was up 13.3% compared to the same quarter last year.
In related news, insider Kimberly Martin sold 5,308 shares of the company’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $82.96, for a total value of $440,351.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Royal Cole sold 44,283 shares of the company’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $83.17, for a total transaction of $3,683,017.11. The disclosure for this sale can be found here. Insiders own 1.27% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Macquarie Group Ltd. acquired a new stake in Worldpay in the fourth quarter valued at $8,429,000. Quantitative Investment Management LLC acquired a new stake in Worldpay in the fourth quarter valued at $9,693,000. Navellier & Associates Inc acquired a new stake in Worldpay in the fourth quarter valued at $3,503,000. Twin Tree Management LP acquired a new stake in Worldpay in the fourth quarter valued at $651,000. Finally, Eagle Asset Management Inc. acquired a new stake in Worldpay in the fourth quarter valued at $38,764,000.
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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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