Worldpay Inc (WP) Stake Raised by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its position in shares of Worldpay Inc (NYSE:WP) by 9.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,054,990 shares of the business services provider’s stock after buying an additional 91,980 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.34% of Worldpay worth $106,837,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of WP. TRUE Private Wealth Advisors purchased a new stake in shares of Worldpay during the third quarter valued at approximately $112,000. Fort L.P. purchased a new stake in Worldpay in the second quarter worth approximately $120,000. Bogart Wealth LLC purchased a new stake in Worldpay in the second quarter worth approximately $136,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Worldpay in the third quarter worth approximately $146,000. Finally, Moneta Group Investment Advisors LLC boosted its holdings in Worldpay by 90.6% in the second quarter. Moneta Group Investment Advisors LLC now owns 2,283 shares of the business services provider’s stock worth $187,000 after purchasing an additional 1,085 shares during the last quarter. Hedge funds and other institutional investors own 89.19% of the company’s stock.

Several brokerages recently issued reports on WP. Stephens restated a “buy” rating and issued a $97.00 target price on shares of Worldpay in a report on Sunday, August 12th. Raymond James restated a “buy” rating and issued a $111.00 target price on shares of Worldpay in a report on Wednesday, August 15th. Cantor Fitzgerald increased their price target on shares of Worldpay from $92.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, August 10th. Nomura reiterated a “buy” rating and issued a $105.00 price target (up from $93.00) on shares of Worldpay in a research report on Sunday, August 12th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $105.00 price target on shares of Worldpay in a research report on Thursday, August 16th. Five investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $100.59.

In other news, CEO Philip Jansen sold 130,908 shares of the firm’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $92.26, for a total transaction of $12,077,572.08. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Matt Taylor sold 22,648 shares of the firm’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $98.09, for a total transaction of $2,221,542.32. The disclosure for this sale can be found here. Insiders have sold a total of 258,232 shares of company stock worth $24,772,828 over the last 90 days. Insiders own 1.05% of the company’s stock.

Shares of WP stock opened at $90.11 on Friday. The firm has a market cap of $29.35 billion, a PE ratio of 27.18, a PEG ratio of 1.59 and a beta of 0.84. Worldpay Inc has a one year low of $68.45 and a one year high of $103.50. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.96 and a current ratio of 0.96.

Worldpay (NYSE:WP) last announced its quarterly earnings data on Thursday, November 8th. The business services provider reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.02. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. Worldpay had a negative net margin of 1.72% and a positive return on equity of 14.55%. The company’s revenue was down 1.5% on a year-over-year basis. During the same period last year, the firm earned $0.90 EPS. On average, equities analysts forecast that Worldpay Inc will post 3.64 EPS for the current fiscal year.

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Worldpay Profile

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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Institutional Ownership by Quarter for Worldpay (NYSE:WP)

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