Signition LP trimmed its stake in Worldpay Inc (NYSE:WP) by 36.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,609 shares of the business services provider’s stock after selling 6,101 shares during the quarter. Signition LP’s holdings in Worldpay were worth $1,074,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. TRUE Private Wealth Advisors acquired a new position in Worldpay during the third quarter valued at approximately $112,000. Fort L.P. acquired a new position in Worldpay during the second quarter valued at approximately $120,000. Bogart Wealth LLC acquired a new position in Worldpay during the second quarter valued at approximately $136,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Worldpay during the third quarter valued at approximately $146,000. Finally, Moneta Group Investment Advisors LLC lifted its position in shares of Worldpay by 90.6% during 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 in the last quarter. Hedge funds and other institutional investors own 88.91% of the company’s stock.
WP opened at $92.63 on Friday. The firm has a market capitalization of $28.66 billion, a P/E ratio of 29.88, a P/E/G ratio of 1.55 and a beta of 0.84. 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 Inc has a 12-month low of $67.96 and a 12-month high of $103.50.
Worldpay (NYSE:WP) last posted its quarterly earnings results on Thursday, August 9th. The business services provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.09. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $978.81 million. Worldpay had a negative net margin of 1.72% and a positive return on equity of 14.55%. The firm’s quarterly revenue was up 90.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Worldpay Inc will post 3.64 EPS for the current fiscal year.
In related news, CFO Stephanie Ferris sold 2,500 shares of the company’s stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $90.00, for a total value of $225,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Philip Jansen sold 130,908 shares of the company’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 disclosure for this sale can be found here. Insiders sold 260,732 shares of company stock worth $24,997,828 over the last ninety days. 1.05% of the stock is currently owned by corporate insiders.
WP has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on shares of Worldpay from $94.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, August 10th. BMO Capital Markets initiated coverage on shares of Worldpay in a research report on Wednesday, September 26th. They set an “outperform” rating and a $129.00 target price on the stock. Credit Suisse Group boosted their target price on shares of Worldpay from $87.00 to $99.00 and gave the stock an “outperform” rating in a research report on Friday, August 10th. Mizuho reissued a “hold” rating and set a $88.00 target price on shares of Worldpay in a research report on Friday, August 10th. Finally, Zacks Investment Research cut shares of Worldpay from a “hold” rating to a “sell” rating in a research report on Sunday, July 15th. Five analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. Worldpay currently has an average rating of “Buy” and an average target price of $100.59.
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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