WINTON GROUP Ltd bought a new position in Worldpay Inc (NYSE:WP) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 15,265 shares of the business services provider’s stock, valued at approximately $1,255,000.
Several other large investors also recently bought and sold shares of WP. Pendal Group Ltd purchased a new stake in shares of Worldpay in the 1st quarter worth about $108,000. Robecosam AG purchased a new position in Worldpay during the 1st quarter valued at about $123,000. SWS Partners purchased a new position in Worldpay during the 1st quarter valued at about $128,000. Envestnet Asset Management Inc. purchased a new position in Worldpay during the 1st quarter valued at about $134,000. Finally, IFP Advisors Inc purchased a new position in Worldpay during the 1st quarter valued at about $208,000.
Shares of WP stock opened at $80.67 on Thursday. Worldpay Inc has a 52 week low of $59.10 and a 52 week high of $86.06. The company has a market capitalization of $14.71 billion, a PE ratio of 26.02, a P/E/G ratio of 1.51 and a beta of 0.55. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.94 and a quick ratio of 0.94.
Worldpay (NYSE:WP) last announced its quarterly earnings results on Thursday, May 10th. The business services provider reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.04. Worldpay had a net margin of 0.09% and a return on equity of 20.14%. The firm had revenue of $850.70 million during the quarter, compared to analyst estimates of $838.22 million. During the same period in the previous year, the business posted $0.68 earnings per share. The business’s revenue for the quarter was up 81.0% on a year-over-year basis. equities research analysts anticipate that Worldpay Inc will post 3.6 EPS for the current fiscal year.
A number of research analysts recently issued reports on WP shares. Craig Hallum lifted their price target on shares of Worldpay from $84.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. 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. Deutsche Bank lifted their price target on shares of Worldpay from $82.00 to $7.00 and gave the company a “buy” rating in a research report on Thursday, March 1st. Citigroup lifted their price target on shares of Worldpay from $90.00 to $94.00 and gave the company a “buy” rating in a research report on Thursday, March 1st. Finally, BMO Capital Markets reissued an “outperform” rating and set a $97.00 price target (up from $95.00) on shares of Worldpay in a research report on Thursday, March 1st. Seven research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $85.60.
In other news, insider Charles Drucker sold 85,000 shares of Worldpay stock in a transaction that occurred on Monday, May 21st. The shares were sold at an average price of $82.20, for a total value of $6,987,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Stephanie Ferris sold 7,790 shares of Worldpay stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $80.92, for a total transaction of $630,366.80. The disclosure for this sale can be found here. Insiders sold 143,493 shares of company stock valued at $11,730,899 over the last quarter. Company insiders own 1.05% of the company’s stock.
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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