Columbia Partners L.L.C. Investment Management purchased a new stake in Worldpay Inc (NYSE:WP) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 13,745 shares of the business services provider’s stock, valued at approximately $1,391,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of WP. TRUE Private Wealth Advisors bought a new stake in shares of Worldpay during the third quarter worth about $112,000. Fort L.P. bought a new stake in shares of Worldpay during the second quarter worth about $120,000. Rational Advisors LLC bought a new stake in shares of Worldpay during the third quarter worth about $122,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Worldpay during the third quarter worth about $146,000. Finally, Sapphire Star Partners LP bought a new stake in shares of Worldpay during the third quarter worth about $184,000. 90.82% of the stock is owned by hedge funds and other institutional investors.
WP opened at $85.81 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market capitalization of $26.78 billion, a price-to-earnings ratio of 27.68, a P/E/G ratio of 1.47 and a beta of 0.84. Worldpay Inc has a twelve month low of $70.56 and a twelve month high of $103.50.
Worldpay (NYSE:WP) last released its earnings results on Thursday, November 8th. The business services provider reported $1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.02. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Worldpay had a negative net margin of 3.99% and a positive return on equity of 11.66%. The company’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.90 earnings per share. As a group, research analysts anticipate that Worldpay Inc will post 3.6 earnings per share for the current fiscal year.
WP has been the subject of several recent research reports. Bank of America raised shares of Worldpay from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $106.00 to $118.00 in a research report on Wednesday, October 3rd. Mizuho raised shares of Worldpay from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $88.00 to $125.00 in a research report on Wednesday, September 12th. KeyCorp boosted their target price on shares of Worldpay from $100.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 5th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $115.00 target price on shares of Worldpay in a research report on Thursday, October 4th. Finally, Nomura upped their price objective on shares of Worldpay from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, October 23rd. Four analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. Worldpay currently has an average rating of “Buy” and an average target price of $101.03.
In other Worldpay news, EVP Matt Taylor sold 22,648 shares of the business’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $98.09, for a total value of $2,221,542.32. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Rohinton Kalifa sold 75,000 shares of the business’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $100.77, for a total transaction of $7,557,750.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 127,324 shares of company stock worth $12,695,256. Corporate insiders own 1.05% of the company’s stock.
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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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