State Board of Administration of Florida Retirement System increased its position in Worldpay Inc (NYSE:WP) by 4.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 417,187 shares of the business services provider’s stock after acquiring an additional 16,652 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Worldpay were worth $42,249,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in WP. Royal Bank of Scotland Group PLC boosted its position in Worldpay by 3.9% during the 2nd quarter. Royal Bank of Scotland Group PLC now owns 55,927 shares of the business services provider’s stock valued at $4,574,000 after acquiring an additional 2,091 shares in the last quarter. Temasek Holdings Private Ltd boosted its position in shares of Worldpay by 8.4% in the 2nd quarter. Temasek Holdings Private Ltd now owns 2,426,186 shares of the business services provider’s stock worth $198,413,000 after purchasing an additional 187,938 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Worldpay in the 2nd quarter worth $222,000. Dai Ichi Life Insurance Company Ltd acquired a new stake in shares of Worldpay in the 2nd quarter worth $307,000. Finally, KAMES CAPITAL plc boosted its position in shares of Worldpay by 1.5% in the 3rd quarter. KAMES CAPITAL plc now owns 1,013,549 shares of the business services provider’s stock worth $102,642,000 after purchasing an additional 15,178 shares in the last quarter. 89.19% of the stock is currently owned by institutional investors.
A number of analysts have recently weighed in on the company. Stephens reissued a “buy” rating and issued a $97.00 price objective on shares of Worldpay in a research report on Sunday, August 12th. Raymond James reissued a “buy” rating and issued a $111.00 price objective on shares of Worldpay in a research report on Wednesday, August 15th. Cantor Fitzgerald raised their price objective on Worldpay from $92.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, August 10th. Nomura reissued a “buy” rating and issued a $105.00 price objective (up previously from $93.00) on shares of Worldpay in a research report on Sunday, August 12th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $105.00 price objective on shares of Worldpay in a research report on Thursday, August 16th. Five equities research 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 company’s stock. The company has an average rating of “Buy” and a consensus target price of $100.59.
In other Worldpay news, CFO Stephanie Ferris sold 2,500 shares of Worldpay stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $90.00, for a total transaction of $225,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Rohinton Kalifa sold 75,000 shares of Worldpay stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $100.77, for a total value of $7,557,750.00. The disclosure for this sale can be found here. Insiders sold a total of 260,732 shares of company stock valued at $24,997,828 in the last 90 days. 1.05% of the stock is currently owned by company insiders.
Shares of WP stock opened at $92.63 on Monday. The firm has a market capitalization of $28.90 billion, a P/E ratio of 29.88, a PEG ratio of 1.57 and a beta of 0.84. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.73. Worldpay Inc has a 1 year low of $67.96 and a 1 year high of $103.50.
Worldpay (NYSE:WP) last issued its earnings results on Thursday, August 9th. The business services provider reported $1.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 positive return on equity of 14.55% and a negative net margin of 1.72%. The business’s revenue for the quarter was up 90.0% compared to the same quarter last year. Analysts forecast that Worldpay Inc will post 3.64 EPS for the current fiscal 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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