Worldpay Inc (NYSE:WP) COO Mark L. Heimbouch sold 47,853 shares of Worldpay stock in a transaction on Monday, March 19th. The stock was sold at an average price of $82.66, for a total transaction of $3,955,528.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Worldpay Inc (NYSE:WP) opened at $82.45 on Friday. Worldpay Inc has a fifty-two week low of $59.10 and a fifty-two week high of $85.53. The company has a market cap of $14,900.02, a price-to-earnings ratio of 104.37, a PEG ratio of 1.53 and a beta of 0.62. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 9.31.
Worldpay (NYSE:WP) last announced its earnings results on Wednesday, February 28th. The business services provider reported $0.90 EPS for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.01). Worldpay had a net margin of 3.23% and a return on equity of 52.03%. The business had revenue of $569.00 million for the quarter, compared to the consensus estimate of $563.04 million. During the same quarter last year, the firm posted $0.75 EPS. The business’s quarterly revenue was up 13.3% on a year-over-year basis. sell-side analysts forecast that Worldpay Inc will post 3.59 earnings per share for the current year.
Several research analysts recently commented on the stock. Citigroup lifted their target price on shares of Worldpay from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research raised shares of Worldpay from a “sell” rating to a “hold” rating in a research report on Thursday, March 1st. Northcoast Research reissued a “neutral” rating on shares of Worldpay in a research report on Thursday, March 1st. Cowen reissued an “outperform” rating and set a $92.00 price objective (up from $84.00) on shares of Worldpay in a research report on Thursday, March 1st. Finally, Barclays boosted their price objective on shares of Worldpay from $90.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, March 1st. Seven investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $83.59.
Several hedge funds have recently made changes to their positions in WP. Eagle Asset Management Inc. bought a new position in Worldpay in the 4th quarter worth about $38,764,000. Quantitative Investment Management LLC bought a new position in Worldpay in the 4th quarter worth about $9,693,000. Macquarie Group Ltd. bought a new position in Worldpay in the 4th quarter worth about $8,429,000. Navellier & Associates Inc bought a new position in Worldpay in the 4th quarter worth about $3,503,000. Finally, Twin Tree Management LP bought a new position in Worldpay in the 4th quarter worth about $651,000.
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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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