Worldpay Inc (WP) Short Interest Down 44.7% in January

Worldpay Inc (NYSE:WP) was the target of a large decrease in short interest in January. As of January 31st, there was short interest totalling 21,756,342 shares, a decrease of 44.7% from the January 12th total of 39,317,275 shares. Based on an average trading volume of 8,681,800 shares, the short-interest ratio is presently 2.5 days.

Worldpay (NYSE:WP) opened at $74.77 on Tuesday. The stock has a market cap of $23,350.00, a price-to-earnings ratio of 51.92, a price-to-earnings-growth ratio of 1.48 and a beta of 0.64. Worldpay has a fifty-two week low of $59.10 and a fifty-two week high of $82.07. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 7.45.

A number of equities analysts have commented on WP shares. Robert W. Baird restated a “buy” rating and issued a $90.00 target price on shares of Worldpay in a research note on Tuesday, January 23rd. 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. Stephens initiated coverage on shares of Worldpay in a research note on Thursday, January 11th. They set an “overweight” rating and a $89.00 price objective on the stock. 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. Finally, KeyCorp increased their price objective on shares of Worldpay from $90.00 to $93.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $82.80.

Several hedge funds and other institutional investors have recently bought and sold shares of WP. Boston Family Office LLC purchased a new position in shares of Worldpay in the fourth quarter worth $484,000. Eagle Asset Management Inc. purchased a new position in shares of Worldpay in the fourth quarter worth $38,764,000. Twin Tree Management LP purchased a new position in shares of Worldpay in the fourth quarter worth $651,000. Finally, Navellier & Associates Inc purchased a new position in shares of Worldpay during the fourth quarter worth $3,503,000.

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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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