Crestline Management LP purchased a new stake in shares of Worldpay Inc (NYSE:WP) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 31,071 shares of the business services provider’s stock, valued at approximately $2,375,000.
Several other hedge funds have also recently bought and sold shares of WP. Vanguard Group Inc. increased its position in Worldpay by 1.5% in the third quarter. Vanguard Group Inc. now owns 25,870,601 shares of the business services provider’s stock worth $2,619,916,000 after buying an additional 386,174 shares during the period. Vanguard Group Inc increased its position in Worldpay by 1.5% in the third quarter. Vanguard Group Inc now owns 25,870,601 shares of the business services provider’s stock worth $2,619,916,000 after buying an additional 386,174 shares during the period. Lunia Capital LP increased its position in Worldpay by 6,149.3% in the fourth quarter. Lunia Capital LP now owns 15,225,391 shares of the business services provider’s stock worth $15,225,000 after buying an additional 14,981,757 shares during the period. Flossbach Von Storch AG increased its position in Worldpay by 18.2% in the fourth quarter. Flossbach Von Storch AG now owns 7,814,868 shares of the business services provider’s stock worth $597,290,000 after buying an additional 1,203,215 shares during the period. Finally, FMR LLC increased its position in Worldpay by 32.7% in the third quarter. FMR LLC now owns 6,186,896 shares of the business services provider’s stock worth $626,546,000 after buying an additional 1,523,722 shares during the period. 90.37% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently weighed in on WP shares. Zacks Investment Research raised Worldpay from a “sell” rating to a “hold” rating in a research note on Saturday, March 2nd. Guggenheim cut Worldpay from a “buy” rating to a “neutral” rating and set a $97.35 target price for the company. in a research note on Monday, March 4th. They noted that the move was a valuation call. KeyCorp reaffirmed a “buy” rating and set a $105.00 target price on shares of Worldpay in a research note on Wednesday, February 27th. Royal Bank of Canada reaffirmed a “buy” rating and set a $110.00 target price on shares of Worldpay in a research note on Wednesday, February 27th. Finally, Craig Hallum reaffirmed a “buy” rating and set a $115.00 target price (up previously from $95.00) on shares of Worldpay in a research note on Tuesday, February 26th. Six equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $107.09.
NYSE:WP opened at $98.68 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.96 and a quick ratio of 0.96. Worldpay Inc has a 1-year low of $70.41 and a 1-year high of $103.50. The firm has a market capitalization of $30.48 billion, a P/E ratio of 26.82, a P/E/G ratio of 1.46 and a beta of 0.88.
Worldpay (NYSE:WP) last released its quarterly earnings results on Tuesday, February 26th. The business services provider reported $1.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.04. Worldpay had a return on equity of 10.80% and a net margin of 0.33%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the company posted $0.97 EPS. Worldpay’s revenue for the quarter was up 84.5% on a year-over-year basis. Research analysts expect that Worldpay Inc will post 4.25 EPS for the current fiscal year.
In related news, EVP Royal Cole sold 61,257 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $96.14, for a total value of $5,889,247.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company 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, Europe, and Asia. It operates in 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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