Seven Eight Capital LP raised its stake in Worldpay Inc (NYSE:WP) by 133.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 50,800 shares of the business services provider’s stock after purchasing an additional 29,000 shares during the period. Seven Eight Capital LP’s holdings in Worldpay were worth $5,145,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP bought a new stake in shares of Worldpay during the 1st quarter valued at about $56,895,000. Commonwealth Equity Services LLC bought a new stake in shares of Worldpay during the 1st quarter valued at about $314,000. The Manufacturers Life Insurance Company bought a new stake in shares of Worldpay during the 1st quarter valued at about $585,000. United Capital Financial Advisers LLC bought a new stake in shares of Worldpay during the 1st quarter valued at about $235,000. Finally, Ladenburg Thalmann Financial Services Inc. bought a new stake in shares of Worldpay during the 1st quarter valued at about $309,000. 88.83% of the stock is owned by institutional investors.
A number of brokerages recently weighed in on WP. Piper Jaffray Companies reaffirmed a “hold” rating and set a $105.00 price objective on shares of Worldpay in a research report on Thursday, August 16th. Credit Suisse Group boosted their price objective on shares of Worldpay from $87.00 to $99.00 and gave the company an “outperform” rating in a research report on Friday, August 10th. Nomura boosted their price objective on shares of Worldpay from $105.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, August 20th. BMO Capital Markets began coverage on shares of Worldpay in a research report on Wednesday, September 26th. They set an “outperform” rating and a $129.00 price objective for the company. Finally, Mizuho reaffirmed a “hold” rating and set a $88.00 price objective on shares of Worldpay in a research report on Friday, August 10th. Five research 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 company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $100.41.
In other news, COO Mark L. Heimbouch sold 29,676 shares of the company’s stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $98.26, for a total value of $2,915,963.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Philip Jansen sold 130,908 shares of the company’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $92.26, for a total transaction of $12,077,572.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 260,732 shares of company stock valued at $24,997,828. Company insiders own 1.05% of the company’s stock.
NYSE WP opened at $95.16 on Friday. Worldpay Inc has a 52 week low of $67.71 and a 52 week high of $103.50. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $30.16 billion, a price-to-earnings ratio of 30.70, a PEG ratio of 1.63 and a beta of 0.70.
Worldpay (NYSE:WP) last issued its quarterly earnings results on Thursday, August 9th. The business services provider reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.09. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $978.81 million. Worldpay had a negative net margin of 1.72% and a positive return on equity of 14.55%. Worldpay’s quarterly revenue was up 90.0% on a year-over-year basis. As a group, equities analysts expect that Worldpay Inc will post 3.64 earnings per share for the current year.
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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