Worldpay Inc (NYSE:WP) saw a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 9,524,529 shares, a decrease of 30.9% from the February 15th total of 13,776,977 shares. Based on an average daily volume of 3,033,679 shares, the days-to-cover ratio is presently 3.1 days.
In other Worldpay news, EVP Royal Cole sold 44,283 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $83.17, for a total transaction of $3,683,017.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kimberly Martin sold 5,308 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $82.96, for a total value of $440,351.68. The disclosure for this sale can be found here. Corporate insiders own 1.27% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Boston Family Office LLC purchased a new position in Worldpay in the fourth quarter worth approximately $484,000. Twin Tree Management LP purchased a new position in Worldpay in the fourth quarter worth approximately $651,000. Navellier & Associates Inc purchased a new position in Worldpay in the fourth quarter worth approximately $3,503,000. Macquarie Group Ltd. purchased a new position in Worldpay in the fourth quarter worth approximately $8,429,000. Finally, Quantitative Investment Management LLC purchased a new position in Worldpay in the fourth quarter worth approximately $9,693,000.
Several research firms have commented on WP. BMO Capital Markets upgraded Worldpay from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 17th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $88.00 price objective on shares of Worldpay in a research note on Friday, December 22nd. Cantor Fitzgerald reiterated a “buy” rating and set a $79.00 price objective on shares of Worldpay in a research note on Tuesday, December 12th. Wells Fargo reiterated a “positive” rating and set a $84.00 price objective (up from $77.00) on shares of Worldpay in a research note on Thursday, December 14th. Finally, KeyCorp reiterated a “buy” rating and set a $85.00 price objective (up from $80.00) on shares of Worldpay in a research note on Monday, December 4th. Seven investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. Worldpay has a consensus rating of “Buy” and an average target price of $83.59.
Worldpay (WP) opened at $83.48 on Friday. The firm has a market capitalization of $15,012.07, a P/E ratio of 105.67, a P/E/G ratio of 1.54 and a beta of 0.62. Worldpay has a 52-week low of $59.10 and a 52-week high of $85.53. The company has a debt-to-equity ratio of 9.31, a current ratio of 0.75 and a quick ratio of 0.75.
Worldpay (NYSE:WP) last issued its quarterly earnings data on Wednesday, February 28th. The business services provider reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.01). The business had revenue of $569.00 million during the quarter, compared to analysts’ expectations of $563.04 million. Worldpay had a return on equity of 52.03% and a net margin of 3.23%. The company’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.75 earnings per share. analysts anticipate that Worldpay will post 3.59 EPS for the current fiscal year.
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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