Saturna Capital CORP purchased a new position in shares of Worldpay (NYSE:WP) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 9,000 shares of the business services provider’s stock, valued at approximately $740,000.
Several other institutional investors and hedge funds have also recently modified their holdings of WP. BlackRock Inc. purchased a new stake in shares of Worldpay during the first quarter worth approximately $1,259,235,000. Flossbach Von Storch AG purchased a new stake in shares of Worldpay during the first quarter worth approximately $470,214,000. American Century Companies Inc. purchased a new stake in Worldpay in the 1st quarter valued at $390,281,000. Diamond Hill Capital Management Inc. purchased a new stake in Worldpay in the 1st quarter valued at $367,585,000. Finally, Massachusetts Financial Services Co. MA purchased a new stake in Worldpay in the 1st quarter valued at $170,695,000.
Worldpay opened at $80.92 on Wednesday, according to Marketbeat.com. Worldpay has a 12-month low of $59.10 and a 12-month high of $85.53. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.74. The stock has a market cap of $14.60 billion, a P/E ratio of 26.10, a PEG ratio of 1.50 and a beta of 0.60.
Worldpay (NYSE:WP) last posted its earnings results on Thursday, May 10th. The business services provider reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.04. Worldpay had a return on equity of 20.14% and a net margin of 0.09%. The firm had revenue of $850.70 million for the quarter, compared to analyst estimates of $838.22 million. During the same quarter in the prior year, the company earned $0.68 EPS. Worldpay’s revenue was up 81.0% on a year-over-year basis. equities analysts forecast that Worldpay will post 3.59 earnings per share for the current year.
Several analysts have issued reports on WP shares. Zacks Investment Research upgraded Worldpay from a “sell” rating to a “hold” rating in a report on Friday, January 26th. Northcoast Research restated a “neutral” rating on shares of Worldpay in a report on Thursday, March 1st. Bank of America upped their target price on Worldpay from $82.00 to $86.00 and gave the company a “neutral” rating in a report on Monday, March 5th. Deutsche Bank upped their target price on Worldpay from $82.00 to $7.00 and gave the company a “buy” rating in a report on Thursday, March 1st. Finally, Morgan Stanley restated an “overweight” rating and issued a $93.00 target price on shares of Worldpay in a report on Wednesday, February 7th. Seven investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $84.50.
In related news, insider Kimberly Martin sold 5,308 shares of the stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $82.96, for a total transaction of $440,351.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Christopher A. Thompson sold 14,127 shares of the stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $83.82, for a total value of $1,184,125.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 255,064 shares of company stock worth $20,993,922. 1.05% of the stock is owned by corporate insiders.
Worldpay, Inc, through its subsidiary, Vantiv Holding, LLC, provides electronic payment processing services to merchants and financial institutions in the United States. It operates through two segments, Merchant Services and Financial Institution Services. The Merchant Services segment offers merchant acquiring and payment processing services, such as authorization and settlement, customer service, chargeback and retrieval processing, and interchange management to national merchants, and regional and small-to-mid sized businesses.
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