Gulf International Bank UK Ltd increased its position in Worldpay Inc (NYSE:WP) by 5.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,239 shares of the business services provider’s stock after buying an additional 5,000 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Worldpay were worth $7,952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in the stock. Macquarie Group Ltd. bought a new stake in Worldpay in the fourth quarter valued at approximately $8,429,000. Quadrature Capital Ltd bought a new stake in Worldpay in the first quarter valued at approximately $4,167,000. Quantitative Investment Management LLC bought a new stake in Worldpay in the fourth quarter valued at approximately $9,693,000. Chase Investment Counsel Corp bought a new stake in Worldpay in the first quarter valued at approximately $3,688,000. Finally, Schwab Charles Investment Management Inc. bought a new stake in Worldpay in the first quarter valued at approximately $92,837,000.
Several analysts have weighed in on WP shares. Morgan Stanley boosted their price objective on Worldpay from $94.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, June 28th. TheStreet downgraded Worldpay from a “b” rating to a “c+” rating in a research report on Monday, April 30th. Raymond James started coverage on Worldpay in a research report on Friday, June 15th. They issued a “strong-buy” rating and a $98.00 price objective for the company. Cantor Fitzgerald reiterated a “buy” rating and issued a $92.00 price objective on shares of Worldpay in a research report on Thursday, May 10th. Finally, Zacks Investment Research upgraded Worldpay from a “sell” rating to a “hold” rating in a research report on Wednesday, May 16th. Seven equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $85.67.
In related news, CFO Stephanie Ferris sold 7,790 shares of the company’s stock in a transaction on Wednesday, May 16th. The stock was 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 can be accessed through this hyperlink. Also, insider Charles Drucker sold 85,000 shares of the company’s stock in a transaction on Monday, May 21st. The stock was sold at an average price of $82.20, for a total value of $6,987,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 105,465 shares of company stock worth $8,668,124. 1.05% of the stock is owned by insiders.
Worldpay opened at $83.36 on Friday, according to Marketbeat Ratings. 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 Inc has a 52-week low of $59.62 and a 52-week high of $86.06. The company has a market cap of $14.63 billion, a PE ratio of 26.89, a price-to-earnings-growth ratio of 1.50 and a beta of 0.56.
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, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.04. The firm had revenue of $850.70 million for the quarter, compared to analysts’ expectations of $838.22 million. Worldpay had a return on equity of 20.14% and a net margin of 0.09%. The business’s revenue was up 81.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.68 earnings per share. equities analysts anticipate that Worldpay Inc will post 3.59 EPS for the current year.
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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