Candriam Luxembourg S.C.A. purchased a new position in Worldpay (NYSE:WP) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 104,646 shares of the business services provider’s stock, valued at approximately $8,606,000. Candriam Luxembourg S.C.A. owned about 0.06% of Worldpay as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Macquarie Group Ltd. purchased a new position in Worldpay in the fourth quarter worth approximately $8,429,000. Twin Tree Management LP acquired a new stake in Worldpay during the fourth quarter worth approximately $651,000. Quantitative Investment Management LLC acquired a new stake in Worldpay during the fourth quarter worth approximately $9,693,000. Chase Investment Counsel Corp acquired a new stake in Worldpay during the first quarter worth approximately $3,688,000. Finally, Eagle Asset Management Inc. acquired a new stake in Worldpay during the fourth quarter worth approximately $38,764,000.
Shares of Worldpay stock opened at $80.77 on Thursday. The firm has a market capitalization of $14.60 billion, a PE ratio of 26.05, a price-to-earnings-growth ratio of 1.50 and a beta of 0.60. Worldpay has a 12 month low of $59.10 and a 12 month high of $85.53. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.94 and a current ratio of 0.94.
Worldpay (NYSE:WP) last announced its quarterly earnings data on Thursday, May 10th. The business services provider reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.04. The company had revenue of $850.70 million for the quarter, compared to analysts’ expectations of $838.22 million. Worldpay had a net margin of 0.09% and a return on equity of 20.14%. Worldpay’s revenue was up 81.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 EPS. equities research analysts expect that Worldpay will post 3.59 EPS for the current fiscal year.
A number of analysts have weighed in on the stock. Keefe, Bruyette & Woods reissued a “buy” rating and set a $99.00 price objective on shares of Worldpay in a report on Tuesday, March 6th. Zacks Investment Research raised shares of Worldpay from a “sell” rating to a “hold” rating in a report on Wednesday, May 16th. Guggenheim reissued a “buy” rating and set a $93.00 price objective on shares of Worldpay in a report on Tuesday, March 6th. BMO Capital Markets reissued an “outperform” rating and set a $97.00 price objective (up previously from $95.00) on shares of Worldpay in a report on Thursday, March 1st. Finally, Stifel Nicolaus raised their price objective on shares of Worldpay from $93.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, February 26th. Seven equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. Worldpay presently has a consensus rating of “Buy” and an average target price of $84.50.
In other Worldpay news, CFO Stephanie Ferris sold 7,790 shares of the business’s stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $80.92, for a total value of $630,366.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kimberly Martin sold 5,308 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $82.96, for a total transaction of $440,351.68. The disclosure for this sale can be found here. Insiders sold a total of 255,064 shares of company stock worth $20,993,922 over the last three months. 1.05% of the stock is currently 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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